Lennar builds homes in some of the most desirable real estate markets across the U.S., catering to a variety of homebuyers including first-time and move-up buye
Loan Closer
Location
Florida
Posted
2 days ago
Salary
0
Seniority
Senior
Job Description
Loan Closer
Lennar
• Send closing instructions and closing document package to a closing agent within required time frame • Review for accuracy all information in Loan Origination System required to close a loan • Wire necessary funds to the closing agent within required time frame • Review and approve the final CD from the closing agent before authorizing funding • Familiarize with investors and State’s closing requirements, forms, and procedures • Check all loan documents for correctness and accuracy prior to funding • Coordinate closings with escrow coordinators, Branch Managers, and Loan Officers • Interface with processors and borrowers to collect conditions of approval • Anticipate loan-closing requirements and maintain proper timeline to manage funding volume • Monitor fees charged, collected, and waived for proper revenue collection • Follow up and obtain documents for corrections noted by Post Closing Department or investors
Job Requirements
- High School Diploma or equivalent
- 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
- Attention to detail
- Knowledge of office procedures
- Current knowledge of closing and title requirements
- Valid driver’s license
Benefits
- Robust health insurance plans, including Medical, Dental, and Vision coverage
- 401(k) Retirement Plan with a $1 for $1 Company Match up to 5%
- Paid Parental Leave
- Associate Assistance Plan
- Education Assistance Program
- Up to $30,000 in Adoption Assistance
- Up to three weeks of vacation annually
- Generous Holiday, Sick Leave, and Personal Day policies
- New Hire Referral Bonus Program
- Significant Home Purchase Discounts
- Everyone’s Included Day
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Loan Closer
LennarLennar builds homes in some of the most desirable real estate markets across the U.S., catering to a variety of homebuyers including first-time and move-up buye
Role Description The primary function of a loan closer is to send closing instructions and closing document package to a closing agent within our required time frame. All information must be reviewed for accuracy and all supporting documentation must be included. The loan closer works closely with loan processors, production staff, and closing agents to ensure that closing dates are met. Review and approval of the Closing Disclosure (“CD”) and Settlement Statement (“ALTA”) is a critical function. Your Responsibilities on the Team: - Review for accuracy all information in Loan Origination System required to close a loan. - Wire necessary funds to the closing agent within the required time frame. - Review and approve the final CD from the closing agent prior to authorizing the closing agent to fund the loan and release keys to the borrower. - Become familiar with investors and State’s closing requirements, forms and procedures and comply. - Check all loan documents for correctness and accuracy prior to funding. - Coordinate closings with escrow coordinators, Branch Managers and Loan Officers. - Interface with processors and borrowers as needed to collect conditions of approval. - Anticipate loan-closing requirements and maintain the proper timeline to manage funding volume in order to meet funding goals. - Monitor fees being charged, collected, and waived to ensure proper collection of fees and revenue. - Follow up and obtain documents and/or corrections noted by Post Closing Department or investors. - Assist Closing Supervisor as needed. - Work with Division Manager and Loan Officers on local marketing campaigns utilizing Mortgage Returns, lennarmortgage.com leads, etc. Management reserves the right to change the duties and responsibilities set forth herein at any time. Qualifications - High School Diploma or equivalent - 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 - Attention to detail - Knowledge of office procedures - Current knowledge of closing and title requirements - Valid driver’s license Requirements This description outlines the basic responsibilities and requirements for the position noted. This is not a comprehensive listing of all job duties of the Associates. Duties, responsibilities and activities may change at any time with or without notice. During the course of your employment, you may be required to use, download, or access certain Company-approved tools, programs, applications, or systems. These resources may include, but are not limited to, applications designed for customer engagement, operational efficiency, data analysis, Artificial Intelligence (AI) tools, and other business functions. Benefits - Robust health insurance plans, including Medical, Dental, and Vision coverage - 401(k) Retirement Plan with a $1 for $1 Company Match up to 5% - Paid Parental Leave - Associate Assistance Plan - Education Assistance Program - Up to $30,000 in Adoption Assistance - Up to three weeks of vacation annually - Generous Holiday, Sick Leave, and Personal Day policies - New Hire Referral Bonus Program - Significant Home Purchase Discounts - Unique opportunities such as the Everyone’s Included Day Lennar Associates will have access to these benefits as outlined by Lennar’s policies and applicable plan terms. Visit Lennartotalrewards.com to view our suite of benefits.
• Ability to function well under pressure in closing transactions and managing vendors • Create and review legal documents for closings: review mortgages, title, liens, judgments, contracts, entity documents, agreements • Order, review and prepare title commitments, searches, surveys • Review reports and searches provided by external abstractors • Work with Underwriters to assist clients and real estate professionals with resolving clearance of all files prior to closing to ensure clear title • Calculate, examine, and prepare HUD Settlement Statements, Deeds and Transfer Documents and work with clients to effectively prepare for closing • Schedule and lead smooth closings- free of errors • Responsible for the oversight of recording of documents with Title Company, issuance of title policies, upon closing • Perform due diligence to ensure all liens and judgments are addressed, and title is clear before closing • Preparation of any endorsements/amendments to title as needed • Coordinate with lenders and prepare closing packages • Disbursement and all post-closing including recordings • Escrow follow-Up calls and coordinates releases
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• Process loan files to meet all required criteria in a timely manner. • Prepare documentation for Healthcare loans, renewals, modifications, subordinations, amendments and waivers/exceptions. • Meet established production, quality and customer service goals. • Coordinate and communicate with borrowers, title companies and/or attorneys to schedule closings, preparing documents, review and instructions as necessary. • Ensure all loan documents are complete, accurate and properly filed by verifying signatures, execution, dates, collateral, and all other supporting documents. • Track loan volumes and provide data for pipeline reports. • Complete Uniform Commercial Code (UCC) and other legal filings in a timely manner. • Perform other such duties as assigned. • Maintain compliance with and adhere to all state and federal regulations and bank policies and procedures, including, but not limited to Bank Secrecy Act, FACT ACT, Community Reinvestment Act, and EEO/AA/Fair Employment Practices.
• Take ownership of all tasks and challenges in the operation of assigned position. • Ensure Commercial loan document requests are processed timely and accurately. • Work closely with Relationship Managers, Loan Assistants, Credit Administration, and Settlement Agents. • Ensure due diligence is completed on closing requests and prepare loan closing documents using LaserPro. • Deliver closing documents to the Settlement Agent or branch in accordance with established SLAs.



