Mortgage Closer

Department: Wholesale Group

Location: Bloomington, MN

Compensation: $65,000 - $70,000 / year

Description

Performs a wide range of duties related to the closing and funding of conventional (Jumbo and Non-QM residential and business purpose mortgage loans. Responsible for preparing closing documents, funding the loan, and closing and auditing the most complex loans.

Responsibilities and Duties:

• Prepare Initial Closing Disclosures and Redisclosures with a valid Change of Circumstance (COC)


• Ensure the data integrity in the system is accurate


• Coordinate scheduling with Title & Closing Company


• Prepare closing documents in a timely manner.


• Communicate with escrow/title companies, loan brokers, and other parties to ensure all conditions and regulatory requirements are met prior to funding. Obtain or request missing conditions.


• Review signed closing documents and provide authorization for disbursement.


• Prepare for the disbursement of funds as per the terms of the transaction.


• Follow-up to internal and external customers for needed documents, and ensure all required documents are present in file.


• Actively participate in ongoing efforts to continually improve customer service for internal and external customers.


• Review funding reports to ensure loans are funded within appropriate timeframes.


• Communicate effectively with title companies, attorneys, and other stakeholders to facilitate smooth closings.


• Assist in training new hires.


• Take an active role as an escalation point within the team based on experience/knowledge.


• Maintain knowledge of Verus' policies and procedures.


• Perform any other duties as assigned.

Education and Experience:

• High school diploma or equivalent


• 3 years' previous closing experience required


• Strong background/knowledge in TRID requirements as well as multi-state closing requirements


• Extensive knowledge of real estate documents requirements and closing process


• Excellent written and verbal communication


• Strong PC skills (MS Office required)


• Must have experience with mortgage origination systems, platforms, tools and technology (Mortgage Flex preferred)


• Demonstrated organization skills


• Demonstrated teamwork and customer service skills
  
  
  

Key Competencies:

• 
  Attention to Detail: Ensuring accuracy of loan data, documents, and disbursements, while adhering to regulatory requirements.


• 
  Technical Proficiency: Expertise with mortgage systems, TRID regulations, multi-state closings, and relevant software tools.


• 
  Communication: Clear, accurate, and professional interaction with stakeholders to ensure smooth loan processing.


• 
  Time Management & Organization: Efficiently managing multiple files, tasks, and deadlines to meet closing schedules.


• 
  Customer Service Orientation: Providing high-quality service and proactively improving customer satisfaction.


• 
  Problem-Solving & Adaptability: Effectively handling escalations and adjusting to changes with a solution-oriented approach.
  
  
  

How This Role Demonstrates Our Values:

• 
  Integrity: Ensures accuracy and compliance with regulations, maintaining honesty and transparency throughout the closing process.


• 
  Collaboration: Works effectively with internal teams, title companies, brokers, and stakeholders to achieve successful loan closings.


• 
  Excellence: Delivers high-quality, timely, and precise work while striving to exceed customer service expectations.


• 
  Critical Curiosity: Continuously improves processes, identifies discrepancies, and proactively solves problems to enhance efficiency.

Benefits

• Great compensation package


• Attractive benefits plans plus paid time off and sick time


• 401(k) w/ company matching


• Tuition Reimbursement and other professional learning and development opportunities


• And much more!

Successful applicants will exemplify strong ethics, integrity, respect for others, accountability for decisions and actions, and good citizenship.

All job duties and responsibilities must be performed within the guidelines of the Verus Residential Mortgage Employee Handbook and established company policies and procedures. It is the responsibility of each employee to maintain confidentiality of the company, its clients and to follow applicable laws and regulations in the performance of duties.

Verus Mortgage Capital is an equal opportunity employer. All qualified applicants are welcomed to apply and will receive consideration for employment without unlawful discrimination because of a person's race, religious creed, color, national origin, citizenship status, ancestry, marital status, sex, age, or sexual orientation, or because of a person's disability or medical condition.