Job Description
Job Description
Position: Mortgage Loan Closer
Location: Cincinnati, OH (Onsite)
Duration: FTE/ Direct Hire
Job Description:
- Review and complete loan data in LOS (Loan Origination System: Power Lender)
- Prepare, review and deliver loan closing packages to closing agents.
- Manage and resolve problems or issues that arise with loan documentation.
- Act as an intermediary between all parties involved in the loan transaction.
- Ensure closing complies with all corporate, state, federal and agency guidelines.
- Coordinate loan closing proceeds and ensure disbursed as required.
- Perform and generate compliance test.
- Prepare draft settlement statement.
- Reviews file documentation for accuracy per guidelines and investor requirements.
- Coordinates and prepares documents necessary to take mortgage loans from the approval to closing (CD, Mortgage, Note, Final TIL, title work, homeowners insurance, flood insurance, payoff letters).
- Working closely with the processing department and title companies.
- Assist with clearing conditions on suspended files.
- Maintain a production queue of mortgage loans.
- Coordinate loans with MBOs, LOs and 3rd party vendor to close within credit document expiration and rate lock expiration dates.
- Review all pre-closing documentation, including but not limited to title commitment, homeowners, and flood insurance policies.
- Ability to review and understand elements of property appraisals.
- Obtain verification of employments.
- Image all documents to our system of record
- Perform other duties as may be required
Salary:: $45,000 - $60,000 a year
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