Mortgage Loan Closer

Job Title: Mortgage Loan Closer Pay : $23/hr Location: Southington, CT (onsite) Duration: 6 Month contract to Hire( Will be initially at least 6 months with potential for up to 12. If candidate is a strong fit, they have openings that they can consider them for conversion) Starting M-F, full-time (40 hours); W2, Job Responsibilities: Review and complete loan data in LOS (Loan Origination System: PowerLender) 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. dditional Responsibilities: 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.

Created: 2024-11-05