Mortgage Loan Closer Job Description Sample

This position is responsible for:

The administration of the closing function for wholesale, virtual, and construction loans

Completing special projects

Working as part of a team

Working with onsite equipment

RequirementsHigh school education or equivalent, administrative / lending experience preferred

• Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.

• Please view Equal Employment Opportunity Posters provided by OFCCP here.

• The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

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© 2015- Northwest

Only deposit products offered by Northwest Bank are Member FDIC.

NOTICE: Northwest Bank is not responsible for and has no control over the subject matter, content, information, or graphics of the web sites that have links here. The portal and news features are being provided by an outside source - The bank is not responsible for the content. Please contact us with any concerns or comments.

Northwest Bank, a subsidiary of Northwest Bancshares, Inc., has wholly owned subsidiaries that use the Northwest Bank owned trade, logo and/or services marks "Northwest Advisors, Inc.," "Northwest Retirement Services," and "Northwest Insurance Services" to provide investment and wealth management, actuarial services, recordkeeping services, insurance services and employee benefit plans. Trust and fiduciary services are offered through Northwest Bank.

Investment and Insurance products: (I) are not deposits or other obligations of, nor are they guaranteed by, Northwest Bank or its subsidiaries; (II) are not insured by the Federal Deposit Insurance Corporation (FDIC) or any other agency of the United States or by Northwest Bank or its subsidiaries; and (III) are subject to investment risks, including the possible loss of value.

Prepares mortgage loan files according to bank, regulatory and investor guidelines by gathering the necessary documents and information within designated time frames. Communicates with customers, clients, staff, realtors, brokers, counsel, title companies, etc. to respond to inquiries, resolve problems and obtain any additional documentation required to complete the loan file. Ensures compliance with bank, regulatory and investor requirements and quality customer service standards. Coordinates the closing and funding of assigned loan packages; calculates final closing costs and disburses funds. May package and ship loans to the secondary market as directed.

Basic Qualifications

• High school diploma or equivalent

• Two to three years of relevant work experience, preferably in loan processing and closing activities

Preferred Skills/Experience

• Thorough knowledge of loan processing and closing policies and practices

• Basic knowledge of credit policies and approval processes

• Proficient skills in applying general accounting principles

• Well-developed ability to manage multiple tasks/projects and deadlines simultaneously

• Strong verbal and written communication skills

Prepares mortgage loan files according to bank, regulatory and investor guidelines by gathering the necessary documents and information within designated time frames in the construction loan closing department. Communicates with customers, clients, staff, realtors, brokers, counsel, title companies, etc. to respond to inquiries, resolve problems and obtain any additional documentation required to complete the loan file in the construction department. Ensures compliance with bank, regulatory and investor requirements and quality customer service standards. Coordinates the closing and funding of assigned loan packages; calculates final closing costs and disburses funds for the construction loan team.

Basic Qualifications

• High school diploma or equivalent

• Two to three years of relevant work experience, preferably in loan processing and closing activities

Preferred Skills/Experience

• Thorough knowledge of loan processing and closing policies and practices

• Basic knowledge of credit policies and approval processes

• Proficient skills in applying general accounting principles

• Well-developed ability to manage multiple tasks/projects and deadlines simultaneously

• Strong verbal and written communication skills

Prepares mortgage loan files according to bank, regulatory and investor guidelines by gathering the necessary documents and information within designated time frames. Communicates with customers, clients, staff, realtors, brokers, counsel, title companies, etc. to respond to inquiries, resolve problems and obtain any additional documentation required to complete the loan file. Ensures compliance with bank, regulatory and investor requirements and quality customer service standards. Coordinates the closing and funding of assigned loan packages; calculates final closing costs and disburses funds. May package and ship loans to the secondary market as directed.

Basic Qualifications

• High school diploma or equivalent

• Two to three years of relevant work experience, preferably in loan processing and closing activities

Preferred Skills/Experience

• Thorough knowledge of loan processing and closing policies and practices

• Basic knowledge of credit policies and approval processes

• Proficient skills in applying general accounting principles

• Well-developed ability to manage multiple tasks/projects and deadlines simultaneously

• Strong verbal and written communication skills

About World Business Lenders (www.wbl.com):
At World Business Lenders (WBL), our motto, "We Lend - You Grow." is simple, yet powerful. We are a direct lender specializing in providing real estate-secured business loans and access to capital to support the growth and development of underserved small-to-medium sized businesses that lack access to traditional bank funding. We broker out and syndicate MCA, cash advance, leasing, SBA and other naturally related business loan products. WBL is led by a strong management team with extensive experience in the financial services industry and employs a disciplined approach to credit analysis and risk management.
Ranked by Selling Power in the 50 Best Companies to Sell For 2016 and 2017

http://www.sellingpower.com/2016/50-best-companies-to-sell-for/#.V7SlvXCCg-M.email

http://www.sellingpower.com/2017/50-best-companies-to-sell-for/

Job Description

The Loan Closer will perform various duties, including:

• Perform accurate and complete closing and funding of loans by reviewing files received from Processing for proper completion and accuracy (e.g., that necessary documents are in the file for closing) and ensuring data integrity within the loan origination system.
• Liaise and maintain an open line of communication with various departments, including Production, Title and Underwriting.
• Prepare/verify loan documents and mortgage to be executed by the borrower in order to fund.
• Schedule notary appointments for mortgage execution.
• Prepare funding packages.
• Ensure that all loans are closed in a timely manner and that documentation is valid and accurate.
• Obtain required documentation from the Underwriting department to satisfy conditions for closing that were part of the approval process.
• Exchange funding documents with Title company once the loan file is closed and all necessary documents are signed and completed.
• Ensure that all documents needed for the investor are included in the closing file.
• Perform other projects and duties as assigned.

Requirements

Skills and Qualifications

• Minimum 1 year of proven customer support experience, primarily via phone
• Strong verbal communication and active listening skills
• Ability to perform successfully and thrive in a fast-paced, deadline-driven environment
• Ability to multi-task, prioritize and manage time effectively
• Mortgage processing/closing experience a plus
• Familiarity with Microsoft Office software and ability to learn/navigate Quickbase system

Must be able to satisfactorily complete a background check.
Must be authorized to work in the United States.

Effective English communication skills, both written and oral.

Benefits

Compensation and Benefits:
• Compensation package - $35,000 - $40,000
• Vacation/holiday pay and benefit package after 3 months (Medical/Dental/Vision/Life & Disability/Commuter Plan/401(k) with company match)
EOE M/F/D/V/SO

World Business Lenders participates in E-Verify and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the United States.

Loan Processor Mortgage Closer

Location: Lexington, SC

Duration: 6 months with possible contract to hire/ possible extension

Description:

Summary of day to day responsibilities:

• Closing agent

Summary:

• The main function of the loan processor is to ensure timely, complete, and accurate packaging of all loans originated by loan officers.

Job Responsibilities:

• Gather information and take each file from pre-approval to closing.

• Verify loan documents including income credit appraisal and title insurance.

• Collect required documentation, review file documentation, and make sure all items needed are requested.

• Ensure that all loan documentation is complete, accurate, and complies with company policy.

• Establish, maintain, and update files, databases, records, and other documents for recurring internal reports.

• Act as a liaison between the borrower, underwriter, loan originator and lender.

• Contact and communicate with clients by telephone, e-mail, or in-person

• Closing agent to set up the closing

Must have:

• Previous loan experience

• Mortgage closing experience

• Strong MS office skills

• Computer savvy

• Basic knowledge in lending and the real estate industry

Education:

• High school education required. 2-4 years of related experience.

Qualification Rating

Must Have

Skills

• Adaptable, professional, flexible, a quick learner, and has strong customer service skills Yes

• Comfortable with Microsoft Suites, including Excel, Word and Outlook 2 years

• Comfortable working with numbers and able to perform basic arithmetic 2 years

• Mortgage servicing experience 2 years

• Previous loan experience within a corp. environment 2 years

Loan Processor - Mortgage Closer

Location: Lewiston, ME

Duration: 6 months with possible contract to hire/Possible extension

Description:

• Selling Points of Position: Client experience

• Best Vs Average Candidate:

• Performance be measured: How many units they move in a day

Summary of day to day responsibilities:

• Closing agent

Summary:

• The main function of the loan processor is to ensure timely, complete, and accurate packaging of all loans originated by loan officers.

Job Responsibilities:

• Gather information and take each file from pre-approval to closing.

• Verify loan documents including income credit appraisal and title insurance.

• Collect required documentation, review file documentation, and make sure all items needed are requested.

• Ensure that all loan documentation is complete, accurate, and complies with company policy.

• Establish, maintain, and update files, databases, records, and other documents for recurring internal reports.

• Act as a liaison between the borrower, underwriter, loan originator and lender.

• Contact and communicate with clients by telephone, e-mail, or in-person

• Closing agent to set up the closing

Must have:

• Previous loan experience

• Mortgage closing experience

• Strong MS office skills

• Computer savvy

• Basic knowledge in lending and the real estate industry

Education:

• High school education required. 2-4 years of related experience.

Qualification Rating

Must Have

Short-listing Questions

• Computer savvy with professional level MS suites Yes

Skills

• Adaptable, professional, flexible, a quick learner, and has strong customer service skills Yes

• Comfortable working with numbers and able to perform basic arithmatic 2 years

• Mortgage servicing experience 2 years

• previous loan experience within a corp. environment 2 years

D.R. Horton, Inc., the largest homebuilder in the U.S., was founded in 1978 and is a publicly traded company on the New York Stock Exchange. It is engaged in the construction and sale of high quality homes designed principally for the entry-level and first time move-up markets. The Company also provides mortgage financing and title services for homebuyers through its mortgage and title subsidiaries. Please visit our website at www.drhorton.com for more information.

D.R. Horton, Inc. is currently looking for a Mortgage Loan Originator for their Financial Services Branch. The right candidate will promote and provide business development, origination of loans, relationship management with customers and clients.

Essential Duties and Responsibilities

• Marketing/Business Development:

• Spend adequate time in builder communities earning the business

• Provide weekend coverage in builder communities and grand opening functions

• Make presentations on loan products in Sales Meetings and with Sales staff in builder communities

• Develop sales leads for mortgages in builder communities and real estate offices

• Follow-up, for business development, with visitor/lead cards of buyers who do not purchase D.R. Horton homes

• Develop a detailed marketing plan annually to include business development/sales strategy with on-site sales representatives and outside Realtors

• Meet with the Branch Manager on a quarterly basis to review the marketing plan and results

• Responsible for marketing of DHI Mortgage's products and services to potential business sources for the purpose of loan originations

• Educate and train potential business sources (captive and non-captive) via sales presentations

• Responsible for content and accuracy of all marketing materials

• Represent DHI Mortgage in a professional manner at industry-related functions

• Initial Loan Application:

• Meet routinely with builder sales representatives

• Prepare prospective applicants for the initial loan application meeting

• Obtain all required signatures on the Loan Application

• Submit file through the Automated Underwriting system

• Review all documentation provided by borrower, check for accuracy and address any discrepancies

• Conversation Log must clearly note status of any required documentation not included in the file

• Other Duties:

• Daily Pipeline Management (loan application to funding process)

• Quality Control - be familiar and comply with all DHI Mortgage's QC policies, review updates to manual and attend meetings as necessary

• Provide input to management

• Attend production/staff meetings

• Special projects as assigned by branch manager

• Infrequently, assist in resolving post-closing/funding problems

Education and/or Experience

• Bachelor's degree (B. A.) from four-year college or university; or one to two years related experience and/or training; or equivalent combination of education and experience.

• Licensed mortgage loan officer as required by state.

Come join a winning team with a Fortune 500 company! We are growing fast and are looking for enthusiastic attitudes and team players to join our success. We offer an excellent benefits package including vision, medical and dental. Build YOUR future with D.R. Horton, America's Builder.

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