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Mortgage Loan Closer
$40,000 - $50,000/Yr
Vontive - San Antonio, TX
posted 2 months ago
Full-time - Mid Level
San Antonio, TX
About the position
The Mortgage Closer plays a crucial role in the mortgage lending process, ensuring that all necessary documentation is accurately prepared and finalized for loan closings. This position requires a detail-oriented individual with a strong understanding of mortgage processes and regulations. The role will initially be remote, transitioning to in-office work as the company hires local resources.
Responsibilities
- Collect, enter into software, and verify data
- Review executed loan documents for completion and accuracy
- Coordinate and review third-party deliverables as it pertains to closing and funding of the loan
- Review and iterate on settlement statements with escrow for accuracy
- Follow up on funding and disbursement
- Follow up on and track prior to wire conditions to funding of the loan
- Coordinate between third parties, borrowers and internal stakeholders on the closing of the loan
- Facilitate closings and complete the loan settlement process
- Follow up on post-closing items such as the recorded security instrument, final settlement statement and final title policy
- Write SOPs and form product expertise
- Review credit, background and pull third party documents as needed to support the underwriting process
Requirements
- Prior experience in loan funding and closing and/or loan processing
- Expertise in business purpose mortgage lending gained through 2+ years of experience
- Ability to review third-party property valuations with the aid of a checklist
- Expertise in reviewing loan document packages, settlement statements and coordinating closings
- Knowledge of underwriting borrowing entities, including formation document review, and the credit history, cash reserves, and background of individual sponsors/guarantors
- Knowledge of loan settlement and funding process
Nice-to-haves
- Fair Housing regulations: 1 year (Preferred)
- Customer service: 1 year (Preferred)
Benefits
- Health insurance
- Dental insurance
- 401(k)
- Paid time off
- Parental leave
- Vision insurance
- Life insurance
