As a mortgage closer, you will be responsible for preparing mortgage loan documents, coordinating loan closings, and ensuring all documents are properly being sign and record. You will work closely with the borrower, lender, and title company to ensure that all parties be satisfy with the loan terms and conditions.
This blog contains some of the top Mortgage Closer Job Description templates to help you choosing the right for you. The closing process can be complex and time-consuming, so it is important that you have strong organizational skills and attention to detail.
If you are looking for a challenging role in the mortgage industry, then this job may be right for you. Read on to learn more about the duties of a mortgage closer. Thanks for reading!
Mortgage Closer Job Description
A mortgage closer is responsible for the final steps in the mortgage loan process. This includes reviewing loan documents, verifying accuracy and completeness, and ensuring that all conditions have been met. The closer will also coordinate with settlement agents to schedule the closing date and time.
On the day of closing, the closer will review the closing documents with the borrower and answer any questions. Once all parties have signed the documents, the loan funds will be disbursed and the mortgage loan will be complete. The role of mortgage closer is an important one, as it ensures that all aspects of the loan process are handled accurately and efficiently.
Duties of a Mortgage Closer
A mortgage closer is responsible for ensuring that all conditions of the loan are met before closing. This includes ordering a title search, preparing closing documents, and coordinating with the lender, real estate agent, and borrower.
The closer must also make sure that all funds are disbursed correctly and that the property is properly transferred to the borrower.
In addition, the closer is responsible for ensuring that all required insurance is in place and that the loan meets all applicable regulations. The closer’s job is critical to the successful completion of a real estate transaction, and they must be detail-oriented and highly organized.
Mortgage Closer Job Description
We are a leading mortgage lender in the United States. As we are headquartered in Dallas, TX and have over 3,000 employees nationwide. We offer a full range of mortgage products including home purchase loans, refinance loans, and reverse mortgages.
Job Description:
The Mortgage Closer is responsible for the accurate and timely preparation of closing documents for residential mortgage loans.
This position ensures that all necessary documentation is collected and completed prior to loan closing. The Mortgage Closer also reviews loan files for compliance with company, state, and federal guidelines.
Responsibilities:
- Prepare closing documents for residential mortgage loans according to company guidelines
- Review loan files for compliance with company, state, and federal guidelines
- Ensure that all necessary documentation is collected prior to loan closing
- Communicate with customers, real estate agents, attorneys, and title companies as needed
- Maintain knowledge of current industry trends and developments
- Perform other duties as assigned
The Successful Applicant:
- Must have at least 2 years of experience in a similar role within the mortgage industry
- Strong attention to detail
- Excellent verbal and written communication skills
- Ability to work independently as well as part of a team
- Proficient in Microsoft Office applications
- Must be able to pass a background check
Offer Details:
- This is a direct hire opportunity offering a competitive salary and benefits package including medical insurance, 401k plan, paid vacation/sick days, etc.
- Salary will be based on experience.
Mortgage loan closer job description
We are a leading financial institution who offers an array of products and services to its retail, business, and institutional clients. We are looking for a Mortgage Loan Closer to join our team.
This role will be responsible for the accurate and timely closing of mortgage loans in accordance with company policies and procedures. The ideal candidate will have strong attention to detail and excellent customer service skills.
Job Description:
- Review loan files to ensure all required documentation has been received prior to closing
- Schedule closings with borrowers, real estate agents, and attorneys as needed
- Prepare loan documents for closing including but not limited to the truth in lending statement, good faith estimate, promissory note, deed of trust/mortgage, etc.
- Coordinate with title companies to obtain payoff information and order title insurance policies
- Attend closings when necessary to answer borrower questions and ensure smooth transaction
- Review completed loan documents for accuracy and completeness
- Ensure compliance with state and federal regulations
The Successful Applicant:
- 2+ years of experience in mortgage loan processing or closing
- Strong attention to detail
- Excellent customer service skills
- Ability to work independently as well as part of a team
Offer Details:
- This is a direct hire role that offers a competitive salary and benefits package.
Post closing mortgage job description
We are a top commercial bank in the US with a strong focus on the middle market. We are looking for a Mortgage Loan Officer to join our team in NYC.
The role will be focused on origination and structuring of middle market CRE loans.
Job Description:
- The Mortgage Loan Officer will be responsible for originating and structuring middle market CRE loans.
- The Mortgage Loan Officer will work closely with clients, underwriters, and closing officers to ensure that all loan documentation is complete and compliant with company standards.
- The Mortgage Loan Officer will also be responsible for maintaining relationships with clients, real estate brokers, and other referral sources.
The Successful Applicant:
- 3+ years of experience originating CRE loans
- Strong understanding of loan documentation and underwriting guidelines
- Excellent communication and interpersonal skills
Offer Details:
- Salary up to $175k DOE + bonus
- Full benefits package including 401k match
Mortgage loan post closer job description
We are a large, well-established bank with operations in multiple states. We have a strong focus on retail banking operations and are looking to add an experienced Mortgage Loan Post Closer to our team.
Job Description:
The Mortgage Loan Post Closer will be responsible for the following:
- Reviewing loan files to ensure that all documentation has been received and is in order
- Preparing loan documents for final approval and funding
- Coordinating with other departments to obtain missing information or documentation
- Ensuring that loans meet all internal and external guidelines prior to closing
- Providing customer service support to borrowers throughout the post-closing process
- Responding to inquiries from title companies, real estate agents, etc.
The Successful Applicant:
- The ideal candidate for this role will have at least 2 years of experience working in a mortgage loan post close capacity.
- In addition, they should have excellent attention to detail, strong communication skills, and the ability to work independently.
- A bachelor’s degree is preferred but not required.
Offer Details:
- This is a full-time, direct hire opportunity paying up to $70k/year depending on experience plus benefits.
Skills Necessary for a Mortgage Closer
A mortgage closer is responsible for ensuring all the i’s are dotted and t’s crossed before a home loan is finalized. It’s a crucial role in the home-buying process, and one that requires a sharp eye for detail and strong organizational skills.
Mortgage closers must review loan documents for accuracy and completeness, prepare closing documents, coordinate with all parties involved in the transaction, and ensure that all funds are disbursed correctly. In addition, mortgage closers must be able to keep track of multiple deadlines and manage a large volume of paperwork.
Good communication skills are also important, as mortgage closers must often communicate with borrowers, lenders, real estate agents, and title companies. Those who excel in this role are highly order, detail-oriented, and good communicators.
Salary and Compensation for a Mortgage Closer
Most people don’t know what a mortgage closer does and the compensation they earn. A mortgage closer is responsible for preparing all the documents necessary to transfer ownership of a property from the seller to the buyer.
This includes ensuring that all taxes and fees are being recompense. The closer also coordinates with the lender to make sure that all conditions of the loan has met. Mortgage closers usually earn a salary in the range of $50,000-$70,000 per year.
However, some may earn more depending on their experience and the state in which they work. In addition, many closers also receive bonuses and commissions based on the number of loans they close. As a result, a career as a mortgage closer can be both financially and personally rewarding.
Outlook for the Future of the Mortgage Closer Profession
The outlook for the future of the mortgage closer profession is exciting! There are many opportunities for those who enter this field, and the demand for qualified mortgage professionals is to grow. The role of the mortgage closer is to coordinate the closing of a mortgage loan, and to ensure that all documentation is complete and accurate.
This is a critical position, as it ensures that the loan is properly being fund and that the borrower understands all terms and conditions. Mortgage closers must have excellent communication and organizational skills, as well as a thorough knowledge of the mortgage financing process.
With the right skills and training, mortgage closers can expect to find stable, well-paying jobs in a growing industry.
Conclusion:
The mortgage closer profession is an important one that helps to ensure the success of a home purchase. Mortgage closers are responsible for many critical steps in the process, and their skills and knowledge are essential to a smooth transaction.
The outlook for the future of this career field is positive, and those who have the necessary training and experience should be able to find good jobs. If you have interest in becoming a mortgage closer, now is a great time to pursue this career path.
We hope this article has been helpful in providing you with some information about what the job entails and what skills are necessary. Thanks for reading!