Mortgage Loan Closer

Mortgage Loan Closers are responsible for the final steps in the mortgage loan process, ensuring all necessary documentation and procedures are completed before closing and funding the loan. Their primary duties include reviewing the loan file for accuracy and completeness, preparing the closing documents, coordinating with various parties (such as the borrower, title company, and real estate agents), and ensuring all conditions are met before the loan can be funded.

The Closer and Funder ensures compliance with company policies, investor guidelines, and regulatory requirements. They work closely with underwriters, processors, and other team members to ensure timely and accurate loan closings. After closing, the Closer and Funder handle the disbursement of funds.

The training for this role will take place on-site in our Plano, TX office. The role may convert to a hybrid schedule once training has been successfully completed.

• Review and verify all loan documentation and LOS for completeness and accuracy.
• Prepare closing documents, including the Closing Disclosure and final loan documents.
• Coordinate with borrowers, title companies, real estate agents, and attorneys to schedule and confirm closing dates.
• Ensure all loan conditions are satisfied before closing.
• Confirm that fees and charges are accurately reflected in the closing documents.
• Ensure compliance with company policies, investor guidelines, and regulatory requirements.
• Ensure wire instructions are accurate and comply with security protocols to prevent fraud.
• Validate accuracy of all parties, account numbers, and contact information following strict fraud prevention guidelines.
• Initiate and verify wire transfers for disbursing loan funds to the appropriate parties (e.g., title company, seller).
• Review final loan documents to ensure underwriting conditions have been met before authorizing funding.
• Authorize the disbursement of funds, ensuring they are properly allocated and recorded.
• Monitor the status of wire transfers and address any delays or issues promptly.

• 5+ years’ experience in Mortgage Loan Closing.
• Prior data entry knowledge of the Encompass LOS application.
• Specific experience with drawing mortgage documents, ordering wires, and funding loans.
• Knowledge of TRID requirements.

• Medical Insurance
• Dental Insurance
• Vision Insurance
• Life & Disability Insurances