MORTGAGE LOAN CLOSER

Company: MSA Mortgage, LLC
Location: Winthrop
Posted on: October 15, 2024

Job Description:

As the -Mortgage Loan Closer, -you are responsible for ensuring the timely and accurate closing of mortgage loan transactions. Responsibilities of the Mortgage Loan Closer include but are not limited to creating an initial, final Closing Disclosure (CD) within compliant time frames and reflecting accurate fees for both borrower and seller, reviewing required closing documents and underwriting approvals to determine accuracy of those documents, reviewing data within the LOS system used to ascertain the accuracy of that data with same documents, creating closing package and communicate with Settlement Agent on closing and any conditions of that closing.
- - - - - - - -Prepare accurate and quality initial CDs (or HUD-1) within compliant time frames and send to borrower and settlement agents. - - - - - - - -Review documents including, but not limited to, purchase agreement, title commitment, homeowner's insurance, underwriting approval notice, closing protection letter, invoices in the file. - - - - - - - -Coordinate with settlement agent on final figures for the final CD, ensuring that the transaction balances, that all charges have been included and tolerances for each section of the CD have been met. - - - - - - - -Prepare closing packages, choosing the correct loan program and needed documents to go to the closing table for execution. - - - - - - - -Send closing package to settlement agent within a reasonable time frame and within regulatory standards. Communicate with settlement agent to avoid last minute questions. - - - - - - - -Communicate with internal partners (underwriting, processing, sales, post-closing, etc...) Order funds for the disbursement of the loan timely, assuring that funds are available at the closing table. - - - - - - - -Act as last reviewer for loan; checking for accuracy and salability. - - - - - - - -Stay knowledgeable about industry updates-compliance and agency (FNMA, FHLMC, FHA, VA, USDA, HELOCs and Merchants' Portfolio loans) changes and guidelines.Requirements: - - - - - - - -Minimum of two years mortgage banking experience in loan closings. Should be familiar with common mortgage documents. - - - - - - - -Strong math skills and reconciliation skills. - - - - - - - -Attention to detail is required for this position. - - - - - - - -Strong organizational skills required with the ability to prioritize work in order to meet deadlines. - - - - - - - -Must be customer service oriented and able to communicate clearly and concisely. - - - - - - - -Proficient knowledge of MS Word, Excel, and Outlook. -

Keywords: MSA Mortgage, LLC, New Bedford , MORTGAGE LOAN CLOSER, Other , Winthrop, Massachusetts