Mortgage Loan Closer

What are we looking for in our Mortgage Loan Closer?

Russell Tobin & Associates is currently seeking a Mortgage Loan Closer to work for our client in the finance industry. Apply now for consideration!

Contract

Location: Southington, CT

Pay Range: 20-22/hr depending on experience

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.
• 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.
• Image all documents to our system of record
• Perform other duties as may be required

Requirements:

• Bachelor’s degree
• 2+ years of experience in relevant field

Russell Tobin / Pride Global offers eligible employee’s comprehensive healthcare coverage (medical, dental, and vision plans), supplemental coverage (accident insurance, critical illness insurance and hospital indemnity), a 401(k)-retirement savings, life & disability insurance, an employee assistance program, identity theft protection, legal support, auto and home insurance, pet insurance, and employee discounts with some preferred vendors.