Equity Closer

$41,350 - $41,350/Yr

TEKsystems - Winchester, VA

Full-time - Entry Level

Winchester, VA

10,001+ employees

Professional, Scientific, and Technical Services

About the position

The Entry Level Mortgage position at TEKsystems involves closing first mortgage loans in compliance with federal and state laws, as well as company policies. The role includes preparing mortgage packages for settlement companies, coordinating the closing and funding of loan packages, and ensuring all necessary conditions are met prior to closing.

Responsibilities

• Authorize release of closing packages to closing agent
• Determine amount to be withheld from loan proceeds, request and process internal payoffs and prepare request for loan disbursement
• Determine status of title and review mortgagees, mortgagors, manner of title and existing/proposed liens for accuracy
• Ensure credit, underwriting and property conditions have been satisfied prior to closing
• Evaluate title exceptions and determine if applicable; clear any mortgage related deficiencies within specified time period
• Examine property status reports and property insurance policies for accuracy in documents and proper coverage
• Maintain contact with lawyers, settlement agents and real estate brokers regarding the status of closing package
• Monitor mortgage loan process and ensure compliance with Federal laws and secondary market practices, guidelines and regulations
• Prepare fully executed mortgage file for post-closing
• Provide closing agent with information for title binder and specifics about documents and conditions required for closing
• Review preliminary and final closing package including HUD-1 for RESPA compliance
• Review property surveys for unacceptable or uninsurable encroachments or violations
• Schedule settlement with closing agent, member, seller and realtor
• Verify completeness and accuracy of approved credit packages
• Perform other duties as assigned

Requirements

• High School Diploma/GED (required)
• Prior banking or experience working in real estate lending and/or for a financial institution (preferred)
• 2-3 years of recent strong administrative work experience
• Proficiency with Microsoft Excel and data entry
• Must be able to work independently and exhibit qualities of high professionalism

Benefits

• Medical
• Vision
• Dental
• HSA
• 401K
• Campus amenities included
• Room for long-term career advancement