Loan Closer

JMAC Lending is seeking a talented Loan Closer for our losing department. You will understand and review loan documents as a Closer. The Loan Closer will keep an open dialogue about loan files with JMAC's customers. If you are looking to join a company that values results and integrity, this is a place for you.

Key Responsibilities:

Review and Prepare Loan Documents

• Prepare and review files for docs
• Review data input to assure loan document information is accurate for signing
• Provide an accurate review to ensure compliance with Federal, State, Investor and company policies
• Up to date with all compliance with Federal, State, Investor and company policies
• Conventional, VA, & FHA loans

Provide and Sign-Off Outstanding Funding Conditions

• Complete funding review within the required turn time
• Review outstanding funding conditions in a timely manner to make scheduled funding
• Properly communicate and update applicable parties of funding status
• Complete loan package for funding
• Screen and/or protect documents for loan requirements

Resolve Discrepancies and Post-Closing Closer

• Communicate with applicable parties regarding loan closing and loan delivery
• Deliver loan file to investor with no funding purchase suspense
• Assist in resolving any purchase suspense issues required before investor lock expiration

Review TRID Compliance

• Finalize Final Closing Disclosure and issue Post Consummation Closing Disclosure if required
• Properly review Final Closing Disclosure to ensure RESPA Compliance and validate tolerance thresholds
• Upload and complete system entries with Final Closing Disclosure
• Retrieve correct principal reduction check and correct system entry if required
• Complete and verify Uniform Closing Dataset (UCD) for loan delivery
• Review all LE's & CD's for correspondent loans if applicable
• Run compliance test for correspondent loans if applicable

Requirements:

• 2 years related experience in mortgage as a Loan Closer
• Must be knowledgeable in the guidelines and TRID with a minium of 2 years experience.
• Excellent oral and written communication skills
• Must be reliable
• Attention to detail
• Excellent computer skills
• Ability to work independently

Requirements:

• 2 years related experience in mortgage as a Loan Closer
• Must be knowledgeable in the guidelines and TRID with a minium of 2 years experience.
• Excellent oral and written communication skills
• Must be reliable
• Attention to detail
• Excellent computer skills
• Ability to work independently