Mortgage Closer reviews all submitted material and prepares closing documents for mortgage loans. Maintains loan files and verifies information is correct, accurate, and complete. Being a Mortgage Closer gathers missing information as needed and acquires necessary signatures. Performs final closing calculations and coordinates the closing of loans and disbursement of loan funds. Additionally, Mortgage Closer ensures all documents are sent to appropriate departments and are in compliance with all regulations. Requires a high school diploma. Typically reports to a supervisor. The Mortgage Closer works independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. To be a Mortgage Closer typically requires 3-5 years of related experience. (Copyright 2024 Salary.com)
Summary of Job Responsibilities:
The Mortgage Processor plays a crucial role in facilitating the smooth and efficient processing of mortgage and closed end home equity applications. Responsible for reviewing and verifying loan documents to assure compliance with underwriting and regulatory requirements and collaborating with various stakeholders to expedite the mortgage approval and closing processes. Accountable for the accuracy and completeness of all loan documentation up to and including closing, and for compliance with all Bank Secrecy Act, Anti Money Laundering regulations, mortgage regulations, bank policies and procedures.
Essential Job Duties:
Skills and Abilities Required:
Minimum Requirements:
Working conditions:
Good. Experiences little discomfort for heat, noise, dust, or other factors.