Senior Loan Closer
Responsible for anticipating and obtaining all closing requirement documentation for all loans assigned to you for closing. Ensure prompt closing by builder schedule.
Primary Duties and Responsibilities:
Deliver complete and accurate closing documents to the necessary closing offices 48 hours prior to closing. To include but not limited to correct monies collected from the borrower and the seller.
Order and obtain necessary closing documents at least 20 days prior to closing.
Ensure the necessary production Branch is kept up to date on their complete pipeline every week.
Deliver accurate and complete information to the Home Office prior to and after closing (SMO packages, SMO conditions and Accounting documents.)
Maintain accurate information in Mortgageware.
Coordinate closings with lenders, communities, escrow coordinators, Branch Managers and Home Loan Consultants.
Interface with processors and borrowers to collect conditions of approval.
Set up and maintain a system to track closing dates and lock-ins and coordinate with escrow coordinators, escrow officers, Home Loan Consultants and homebuyers.
Anticipate loan-closings requirements and maintain the proper timeline to manage funding volume in order to meet funding goals.
Update all changes in closing dates within the system, including processing software screens, completing the final entries to ensure proper reporting information.
Monitor fees being charged and collected, as well as fees waived, to reconcile lender payments with demands. Ensure proper collection of fees and revenue.
Maintain proper accounting system to insure accountability for proper branch and division fees.
Develop a system for the “breaking down” and proper disbursement of loan documents and train related personnel to handle as necessary.
Check all loan documents for correctness and accuracy prior to funding.
Prepare proper and complete post-closing packages as required by investors.
Conduct post-closing audit to maintain proper quality control guidelines and to collect post-closing items to meet investor requirements.
Develop a funding check sheet.
Become familiar with lenders and investors closing requirements, forms and procedures.
Assist Closing Supervisor as needed.
In addition to the above, each associate will be required to cross train for position(s) within the division organization structure as may, from time to time, be required by the Division President.
Education and Experience Requirements:
3 - 5 years of closing and/or closing and processing Conventional/FHA/VA experience
Strong computer background with 3 - 5 years experience in mortgage software and working knowledge of Excel and Word for Windows.
Attention to detail
Knowledge of office procedures
Current knowledge of closing and title requirements
Valid driver’s license
Regular interaction with Home Building Division, Sales Associates, prospective-home buyers and lender representatives. Also dealing with Home Building Division management as well as Mortgage Division staff.
Possess positive and professional attitude and represent company in a positive manner
Provide outstanding customer service, work well under pressure and be a team player
Possess excellent organization and analytical skills
Possess excellent oral and written communication skills
Strong computer skills with knowledge of Word and Excel
Understand and follow posted work rules and procedures
Accept constructive criticism
Requires the ability to operate a personal computer, fax machines, copier, climb stairs, bend, stoop, reach, lift, move, and carry materials and supplies weighing 20 pounds or less. Finger dexterity is required to operate a computer keyboard.