MORTGAGE LOAN CLOSER
Company: MSA Mortgage, LLC
Location: Winthrop
Posted on: October 15, 2024
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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, Somerville , MORTGAGE LOAN CLOSER, Other , Winthrop, Massachusetts
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