How to Become a Mortgage Closer

Step 1: Understand the job description and responsibilities of a Mortgage Closer

What does a Mortgage Closer do?

A Mortgage Closer closes loans and disburses loan funds. Reviews all loan documents for completeness and accuracy. Being a Mortgage Closer ensures all documents are sent to appropriate departments and are in compliance with all regulations. May require a bachelor's degree or its equivalent. Additionally, Mortgage Closer typically reports to a supervisor or manager. The Mortgage Closer gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a Mortgage Closer typically requires 2 to 4 years of related experience.

People's Opinions on Mortgage Closer responsibilities

A mortgage closer facilitates the loan closing process by drawing up, obtaining, and reviewing documents and obtaining the proper signatures and endorsements.

02/17/2020: Cheyenne, WY

Some employers also expect a college degree from their mortgage closers, along with familiarity with different loan types and the legal requirements associated with lending in a specific region.

02/05/2020: Harrisburg, PA

Work opportunities for mortgage closers can be independent or under the auspices of an employment services agency or financial institution.

02/10/2020: Raleigh, NC

Some mortgage closers work for a specific bank and operate much like loan officers, with a focus on closing loans.

12/11/2019: Tacoma, WA

The mortgage closer needs to make sure the documentation conforms to regulations as well as internal policies at the lender.

01/28/2020: Mcallen, TX
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Step 2: Learn best tips to become a Mortgage Closer

Best tips for those who want to become a Mortgage Closer

Here are some tips to become a Mortgage Closer.

Step 3: View best colleges and universities for Mortgage Closer

Best colleges and universities for Mortgage Closer

  • Florida Southern College
  • Colby College
  • Dartmouth College
  • University of Notre Dame
  • Western Washington University
  • Canisius College

Step 4: Think about whether is it worth to be a Mortgage Closer

Is being a Mortgage Closer Worth it?

People's Opinions on lifestyles

As part of our “A Day in the Life” employee profile series, we’d like to introduce you to Kathy Beatty, a mortgage closer based at our headquarters in Royal Oak, MI.

12/25/2019: Columbus, MS

This means making sure the client has their required investment ready, all of the mortgage documents are correct and the borrower receives their funds to close in a timely fashion.

12/31/2019: Lansing, MI

As the Vice President of Marketing and Corporate Communications at Ross Mortgage, Ericka is responsible for the planning, coordination and execution of all marketing activities.

12/07/2019: Melbourne, FL

This position requires compliance with all mortgage regulatory requirements and Wells Fargo's compliance policies related to these requirements including acceptable background check investigation results.

12/10/2019: Spokane, WA

It checks the candidates on scores of areas like monetary policies, repo agreements, mortgages, credit default swaps, treasury future contracts, interest rate swaps, modeling, Eurodollar futures and treasury debt securities.

12/17/2019: Cedar Rapids, IA
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Step 5: Prepare relevant skills for being a Mortgage Closer

What skills do you need to be a Mortgage Closer?

In order to succeed at this level, when working with both management positions and positions more junior, a variety of skills are required.  A strong grasp of the following skills is needed to perform this role: Mortgage Loans, Quality Assurance Process, Lending Regulatory Compliance, Fund Disbursement.  You would need to be proficient in the following: Loan Software.  Although there may be many skills for success in this role, some companies may be willing to provide on the job training if you excel in other areas.

People's Opinions on Mortgage Closer skills

In addition to these general skills and personality traits, employers are seeking Mortgage Closer candidates with the following skills.

02/12/2020: Buffalo, NY

Experience processing or closing home mortgage loan products, including data analysis and validation.

01/30/2020: Fort Myers, FL

The Truth about Mortgage – A helpful blog with tons of advice, tips and a mortgage dictionary to help you better understand key mortgage terms.

12/07/2019: Richmond, VA

Glossary of Terms for Title Closers and Mortgage Notaries – A handy guide to the slew of terms that Mortgage Closers should familiarize themselves with.

02/20/2020: Albuquerque, NM

Highly efficient mortgage-closing specialist offering three years of experience closing and funding conventional and government mortgages.

12/24/2019: Seattle, WA
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Step 6: View average salary for Mortgage Closer

How much does a Mortgage Closer make?

The average salary range for a Mortgage Closer is from $42,824 to $54,099. The salary will change depending on your location, job level, experience, education, and skills.

Salary range for a Mortgage Closer
$42,824 to $54,099

Step 7: Find relevant Mortgage Closer jobs, and apply.

Looking for Mortgage Closer jobs?

Here are some Mortgage Closer jobs in the United States.

Search Mortgage Closer Jobs in the United States

Step 8: Explore Career Path of Mortgage Closer

Step 8: Explore Career Path of Mortgage Closer? Mortgage Closer