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Senior Residential Mortgage Loan Closer
Location
Pennsylvania
Posted
7 days ago
Salary
$20 - $32 / hour
Seniority
Senior
Job Description
Senior Residential Mortgage Loan Closer
EEOC
• Prepare, review and organize legal documents for residential mortgage loan and product settlements • Ensure conditions, including but not limited to title binder, fees, closing service letter, wire instructions, and hazard and flood insurance policies are satisfactory for loan closure and are within investor guidelines • Establish and maintain high quality working relationships with all customers, attorneys and title companies • Guide internal customers in the collection of appropriate documentation to secure second mortgages and/or other products • Maintain in-depth knowledge of and ensure adherence to all conventional and government mortgage closing procedures, guidelines, regulations and processes • Ensure compliance with requirements under TRID • Lead, train and mentor junior staff • Resolve escalated issues • Assist in the development and implementation of process improvements • Complete special projects
Job Requirements
- High School Diploma or equivalent (Required)
- 3 or more years Residential Mortgage banking and closing (Required)
Benefits
- Medical plans with prescription drug coverage
- Flexible spending account or health savings account depending on the medical plan chosen
- Dental and vision insurance
- Life insurance
- 401(k) program with employer match and Employee Stock Purchase Plan
- Paid time off programs including holiday pay and paid volunteer time
- Disability insurance coverage
- Maternity and parental leave
- Adoption assistance
- Educational assistance
- Robust wellness program with financial incentives
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• Manage the final stages of the loan process by auditing files. • Prepare precise closing documents and ensure full compliance with investor guidelines. • Gather critical closing components, including Closing Protection Letters (CPL), wire instructions, title fees, verbal verifications of employment (VOE), and payoff requests. • Review title commitments and all regulatory loan file documents to guarantee absolute accuracy prior to closing. • Order, prepare, and deliver closing packages efficiently. • Input, review, and reconcile final closing and settlement fees against vendor invoices. • Distribute preliminary and final closing packages to settlement agents and Loan Originators. • Prepare and submit wire/funding requests to warehouse banks or investors. • Audit executed closing packages and authorize the release of loan proceeds. • Resolve any post-closing trailing items swiftly.
