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:
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Review for accuracy all information in Loan Origination System required to close a loan.
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Wire necessary funds to the closing agent within the required time frame.
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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.
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Become familiar with investors and State’s closing requirements, forms and procedures and comply.
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Check all loan documents for correctness and accuracy prior to funding.
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Coordinate closings with escrow coordinators, Branch Managers and Loan Officers.
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Interface with processors and borrowers as needed to collect conditions of approval.
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Anticipate loan-closing requirements and maintain the proper timeline to manage funding volume in order to meet funding goals.
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Monitor fees being charged, collected, and waived to ensure proper collection of fees and revenue.
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Follow up and obtain documents and/or corrections noted by Post Closing Department or investors.
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Assist Closing Supervisor as needed.
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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
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High School Diploma or equivalent
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3 - 5 years of closing and/or closing and processing Conventional/FHA/VA experience
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Strong computer background with 3 - 5 years experience in mortgage software
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Attention to detail
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Knowledge of office procedures
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Current knowledge of closing and title requirements
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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
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Robust health insurance plans, including Medical, Dental, and Vision coverage
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401(k) Retirement Plan with a $1 for $1 Company Match up to 5%
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Paid Parental Leave
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Associate Assistance Plan
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Education Assistance Program
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Up to $30,000 in Adoption Assistance
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Up to three weeks of vacation annually
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Generous Holiday, Sick Leave, and Personal Day policies
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New Hire Referral Bonus Program
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Significant Home Purchase Discounts
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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.
