Mortgage Loan Closer Resume Samples

Description :

1. Cleared to close in accordance with company, investor, and federal guidelines for compliance w/r/t consumer disclosures.
   
2. Worked in conjunction with loan officers, processors, and underwriters to coordinate the resolution of all closing-related investor suspense issues.
3. Generated closing packages, ensure their proper execution post-close, and confirm that all conditions have been met prior to granting funding authorization.
4. Regularly achieved the highest volume of closed loans in Dept. Assignments include scheduling closings, ordering payoffs, verifying employment.
5. Built vesting, closing purchases, closing refinances, checking legal descriptions, Verifying that parcel numbers are correct.
6. Reviewed final documentation and mortgage closing packages and approving HUD1s for retail and wholesale loans.
7. Recognized monthly for the consistent highest funding production level exceeding goals for the whole closing team.

Experience

7-10 Years

Level

Management

Education

Philosophy

Description :

1. Verified the loan had been issued the clear-to-close before processing the loan and setting it up for closing documents to be generated.
2. Reviewed purchase contracts and titles for proper vesting and to ensure the loan amounts were correct on the titles.
3. Completely reviewed the file before sending out loan closing packages to attorneys.
4. Verified loan applicants qualified for the specific loan program, the final VOE had been done, and the borrower had enough verified assets.
5. Prepared and approved HUD Settlement Statements. Verified the wiring instructions were correct before ordering wires.
6. Collaborated with loan officers, processors, underwriters and title companies to ensure compliant and accurate loan documents.
7. Disbursed files to closers to prepare for the closing package and for review or managers review Reviewed all loans.

Experience

2-5 Years

Level

Junior

Education

Associate

Description :

1. Performed a thorough audit of each loan file that had been cleared to close from underwriting.
2. Charged by the loan officer and title company were within compliance and were disclosed.
3. Completed and there was no pending deficiencies loan was ready for submission to our attorneys.
4. Submission of supporting documents to the corresponding title company for the borrower's signatures.
5. Instructions and documents were released by the attorney's title company, the preliminary Settlement Statement was forwarded for review and approval.
6. Forwarded to the wire department for authorization to send out funds for disbursement.
7. Loan the filed came back to await the original closed loan package.

Experience

5-7 Years

Level

Executive

Education

Vocational

Description :

1. Prepared, assembled, and reviewed all necessary closing documentation, conditions, and requirements in compliance and guidelines.
2. Reviewed the Settlement Statement for correct preparation for allowable /non-allowable fees.
3. Reviewed and approved title, preparing loan documents, and coordinating the funding with the Title Coordinate closing date with the title company.
4. Cleared deficiencies for purchase to investors. Uploading documents to investors for purchase.
5. Communicated with attorneys, title companies, borrowers, to receive corrections or additional documents needed for clearing the loan for the purchase.
6. Closed mortgage loans, review and satisfy loan, compliance, and title requirements Assist customers with loan inquiries, applications, and requirements.
7. Scheduled appointments for loan customers and realtors Provide guidance to Closing Assistant and Loan Processor.
8. Closed mortgage loans, sold insurance products, reviewed, and satisfying title requirements.

Experience

5-7 Years

Level

Executive

Education

NC

Description :

1. Ensured all documentation was current by review of loan files: title commitments, gathered closing figures, inputted closing information.
2. Efficiently prepared final documentation and mortgage-closing packages for conventional and CEMA loans.
3. Competently managed and closed all assigned loans enabling fast closings.
4. Reviewed executed closing packages in accordance with the servicing checklist and notified title companies.
5. Maintained the integrity of all borrowers' records in a confidential manner.
6. Possessed the ability to work as a team member and consistently be courteous and professional towards borrowers.
7. Comprehensive knowledge of state, federal, regulatory, investor guidelines, and policies in regard to the mortgage loan closing process.

Experience

5-7 Years

Level

Executive

Education

BS

Description :

1. Dealt with clients, and lenders for the purpose of closing mortgage loan deals.
2. Scheduled initial meetings with clients, to contacting lenders, to scheduling closings.
3. Gathered all pertinent documents from lenders and clients, preparation of settlement statements, and maintaining escrow deposits for clients.
4. Dealt with realtors on behalf of lenders and clients. Licensed escrow officer for the state of Texas during this job with the sponsorship of Covenant Title.
5. Closed table with realtors and clients to explain the closing documents step by step.
6. Responsible for drafting documents as needed for each closing, as well as recording these documents with the county clerk.
7. Responsible for distributing the documents to proper parties and filing in the title company's files.

Experience

2-5 Years

Level

Junior

Education

G.E.D

Description :

1. Effectively managed the final steps of the closing process to mitigate risk and errors in order to achieve timely and efficient closings.
2. Created all the closing documents on behalf of the lender and ensured that the documentation met the government.
3. Reviewed funding packages, calculated fees, and arranged for the disbursement of loan funds.
4. Verified that the underwriter's loan conditions are satisfied and collateral documents are signed properly.
5. Reviewed and reconciled HUD settlement statements prior to closing for borrower's information, account payoffs.
6. Corrected errors and confirmed accurate funding, lien pay-offs, and final mortgage recording by working closely with Brokers.
7. Prepared initial loan disclosures, collaborated with Title Co, and generated Final mortgage loan documents for closing.

Experience

7-10 Years

Level

Management

Education

Associate

Description :

1. Audited file completeness, verify fees and loan amount, verify data accuracy on LPS, input necessary document draw information.
2. Reviewed signed documents within 24 hours of receipt and timely follow up on conditions. Update the LPS system.
3. Performed all shipping functions and ensure funded loans shipped within hours from the funding date.
4. Coordinated the transaction with the closing agent/title company & fund the loan upon fulfillment of all conditions.
5. Assured all underwriting conditions are met prior to sending out closing packages Shipped loans out to the appropriate investor.
6. Prepared loan documents and figures for title companies, balance file for wire purposes.
7. Ensured all underwriting conditions were met prior to signage and prepared the files for the loan service unit after closing.

Experience

7-10 Years

Level

Management

Education

AAS

Description :

1. Reviewed refinance loans that approve for the closing to make sure that all documents are in the file.
2. Obtained and reviewed title Commitment for any outstanding judgment, liens, and 2nd mortgage.
3. Obtained and reviewed hazard/homeowners Insurance policy. Contact borrowers and close Agents for settlement.
4. Prepared, compiled, and typed loan closing documents for settlement. Obtain and review funding reconciliation for disbursement of funds.
5. Responsible for collecting documents needed for closing and reviewing them for accuracy, input all required information into the closing system. 
6. Prepared closing documents to be sent to the title company and signed by all parties involved in the loan transaction.
7. Corresponded with brokers and title companies to help with any questions or issues that need to be resolved.

Experience

5-7 Years

Level

Executive

Education

Computer

Description :

1. Reviewed Title, Note, and Deed for Commercial and Residential Real Estate Loans Performed Commercial Loan servicing task.
2. Scheduled loan closing and compiles and types closing documents: Reviews approved mortgage loan to determine conditions.
3. Called borrower, real estate broker, and Title Company to request specified documents, such as the receipt for payment of outstanding tax bill.
4. Verified the accuracy and consistency of specifications on documents, such as title abstract and insurance forms.
5. Called borrower, broker, and other specified individuals to arrange time and date for closing.
6. Answered questions regarding closing requirements, using a computer or factor table and calculator.
7. Entered numbers and calculates loan interest and principal payment, and closing costs.

Experience

2-5 Years

Level

Executive

Education

BS

Description :

1. Handled both dial-in and dial-out phone contacts with tact and professionalism. Utilize proprietary software for entering customer information.
2. Input loaned information into the funding applications and ensure that all validations are met before funding.
3. Reviewed mortgage loan files to determine if all conditions have been satisfied and also request additional funding conditions if needed.
4. Verified the accuracy and consistency of specifications on documents such as the Deed of Trust/Mortgage.
5. Reviewed loan documents to determine if the loan is ready to close.
6. Responsible for setting up a closing date with the broker and the closing attorney(s) on mortgage loan transactions.
7. Verified the accuracy and consistency of specifications on documents, such as title abstract and insurance forms.

Experience

10+ Years

Level

Senior

Education

Real Estate

Description :

1. Coordinated and prepared closing documents for residential loan closings.
2. Reviewed title commitments, loan approvals, and internal operating systems.
3. Facilitate the coordination of the preparation of residential loan closing documents with outside attorneys.
4. Worked with production staff, title companies, and attorneys to resolve any issues related to loan closing.
5. Reviewed documentation to ensure compliance regarding fees and disclosures.
6. Assured proper documentation had been completed to ensure lien perfection.
7. Reviewed documentation to ensure adherence to proper legal and compliance requirements and customer satisfaction.
8. Reviewed signed closing documents and made sure any discrepancies were corrected prior to releasing funds.

Experience

7-10 Years

Level

Management

Education

High School