The Loan Closer is responsible for preparing and verifying closing documents, producing closing instructions, and funding loan transactions that meet all terms of the sale and have received final approval.
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DUTIES & RESPONSIBILITIES
- Thoroughly review loan files to confirm all conditions are cleared and the file is ready to close
- Prepare closing documents ensuring quality, correct closing fees, and proper closing conditions
- Verify information for accuracy, such as legal names, legal address, terms, price, rate, title work, and hazard
- Review and deliver the Closing Disclosure, ensuring that the loan meets program guidelines, compliance, and company policies
- Set up funding to send a wire to the title company for the disbursement of funds
- Maintain a closing pipeline, adhering to warehouse wire time limitations, and contract closing dates, and delivering complete closed loan files on time
- Closes a minimum of 80 loans per month