Job Details
Are you a team player? Have good attention to detail? Like to stay busy in a fun and lighthearted office setting?
Amazing opportunity with a Top 5 US Home builder looking to add High Quality Mortgage Loan Officers to their team.
The Closing Specialist is responsible for the closing documents, management of closing funds and maintaining file quality in compliance with all state regulations, underwriting requirements and branch procedures. The Closing Specialist must possess strong attention to detail, time management, and organizational skills.
Essential Job Functions
1. Closing documents
- Work closely with closing officers, title department, and vendors to obtain all required 3rd party verifications and other supporting documentation needed for preparation of closing documents.
- Work proactively to provide the Closing Disclosure to the lender within the required timeframe.
- Prepare title commitment and title policies in accordance with review of underwriting requirements, title report and survey, where applicable. Title issues should be identified and discussed with Ops Manager, prior to policy completion.
- Responsible for the preparation of documents required for closing, including the Deed, which should be prepared in accordance with attorney approval and buyer tenancy request.
- After closing, responsible for reviewing the final closing documents for accuracy and completeness.
- Responsible for ensuring required documents are recorded in the appropriate jurisdiction within required timeframes and if required by state law, recorded prior to disbursement of funds.
- Must maintain and keep active all required branch and state license requirements.
2. Quality Control and audit
- Responsible for maintaining a complete understanding of Quality Control/Audit procedures, corporate policies, regulatory policies and all procedures related to government disclosures in order to review closed files for accuracy and compliance.
- Expected to meet the branch Quality Control score requirement as well as assist branch in achieving a minimum audit score of 95.
- Responsible for uploading title policies to the underwriter.
- Reconciling stale dated checks and Simplifile wires.
3. Closing Funds
- Verify receipt of all funds necessary for disbursement and that the file balances.
- Issue and deliver checks in a timely manner, initiate wires, and allocate settlement fees to appropriate income accounts.
- Responsible for obtaining necessary funding authorization prior to disbursement.
- Responsible for daily deposits.