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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