Corporate Job Bank
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Mortgage Loan Closer/Funder - Direct Hire
at Corporate Job Bank
A Closer/Funder receives a "clear to close" loan application file from the mortgage Loan Processor following approval of the loan application by the underwriting department. As a mortgage lending professional, the Closer/Funder is responsible for the preparation of the final CD, closing instructions and performing company procedures required to close and fund residential mortgage loans in accordance with company and investor policies and requirements. MLCs work in a company office under the direct supervision of a Loan Closing Supervisor. They interact routinely with mortgage Loan Originators and company staff involved in accounting, underwriting and processing.
Reviews approved mortgage loan approval to determine conditions that must be met prior to closing have been satisfied and reviewed by underwriting
Reviews title work, tax information, and insurance along with lock information to verify supplied information is consistent with loan approval
Enters all information into Encompass and verifies information in system is correct and accurate
Prepares preliminary Closing Disclosure and preliminary loan closing instructions to be sent to Title Company and/or closing agent
Sends preliminary documents to closing agent and notifies branch loan processor instructions have been sent
Reviews Closing Disclosure from Title Company and prepares closing documents thru Ellie Mae loan doc system
Prepares funding worksheet for accounting and saves all loan information into Encompass.
Sends loan document via secure form transfer to title for closing
Once funder has cleared loan for funding, request wire thru wire system, notifies the bank to release the wire on the day of closing
Perform other duties as assigned
Knowledge of FHA/VA/HUD/Fannie Mae and Freddie Mac strongly preferred
Professional, polished, and clear verbal and written communication skills
Effective in a collaborative team environment
Dependable and able to maintain regular office hours
Proficient with Closing Disclosure preparation and TRID regulations
Understanding of mortgage compliance.
Bachelor’s degree preferred, but will consider experience in lieu of degree
A minimum of 2 years closer/funder or related experience
Proficient in keyboard typing, as well as in Microsoft Office (Word, Excel, PowerPoint, Outlook)
Experience in Encompass preferred
Knowledge of CD preparation
For immediate consideration please email a copy of your resume to: email@example.com
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