Mortgage Loan Closer

iTech US - Cincinnati, OH

Full-time

Cincinnati, OH

Repair and Maintenance

About the position

The Mortgage Loan Closer at iTech US, Inc. is responsible for managing the closing process of mortgage loans, ensuring compliance with all relevant guidelines and regulations. This role involves reviewing loan data, preparing closing packages, and acting as a liaison between various parties involved in the loan transaction. The Closer will also coordinate the disbursement of loan proceeds and maintain accurate documentation throughout the closing process.

Responsibilities

• Review and complete loan data in the 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 they are disbursed as required.
• Perform and generate compliance tests.
• Prepare draft settlement statements.
• Review file documentation for accuracy per guidelines and investor requirements.
• Coordinate and prepare documents necessary to take mortgage loans from approval to closing (CD, Mortgage, Note, Final TIL, title work, homeowners insurance, flood insurance, payoff letters).
• Work 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 vendors to close within credit document expiration and rate lock expiration dates.
• Review all pre-closing documentation, including title commitment, homeowners, and flood insurance policies.
• Review and understand elements of property appraisals.
• Obtain verification of employment.
• Image all documents to the system of record.
• Perform other duties as may be required.

Requirements

• At least a Bachelor's Degree (or equivalent experience) in Computer Science, Software/Electronics/Electrical Engineering, Information Systems, or a closely related field is required.
• Experience as a Mortgage Loan closer to coordinate all phases of loan closings.
• Proficiency in Loan Origination System, specifically PowerLender.