What are the responsibilities and job description for the Closing Specialist position at loanDepot?
Position Summary:
Our Closers are responsible for coordinating all the steps of the loan closing and funding process and for managing a pipeline of loans.
Responsibilities:
- Responsible for prioritizing loans in a timely and efficient manner and preparing CD by following established loanDepot procedures as published in YODA.
- Collaborates with title/escrow companies to balance fees, routes Mock CDs to appropriate parties, and issues CD to borrowers upon approval.
- Follows established procedures and meets turn times in SLA, ensuring collaboration with title and quality/accuracy of all documents; escalates issues as necessary. Communicates changes effectively and regularly with teammates and management.
- Prepares documents by following established procedures published in YODA for both Wet and Dry funding states.
- Promptly replies to emails, stays updated on all process/system changes, and ensures CDs or document packages have been sent daily, adheres to fluctuating CD processing minimums as set by management.
- Ensures files and documents meet company, investor, and compliance requirements; confirms that documents are drawn within posted turn times and consistently meet deadlines.
- Verifies several aspects of the documentation and process including, but not limited to: property addresses, wire information for funding, information on insurance policies, all fees, impound and MI. Ensure documents correspond to the correct program and investor.
- Coordinates and communicates with processing and underwriting department for correcting and completing the files.
- Develops in-depth knowledge of entire loan life cycle to fully understand implication of the work of the closing function, proficient with the document management system.
- Accurately files documents and information in the system and ensures all information is complete and accurate. Uses checklists and other job aides as necessary to accurately complete all required information.
- Confirms, verifies, and orders funding wire ensuring timely disbursement; reviews fully executed closing documents.
Requirements:
- Minimum one (2) years of full cycle Closing experience working in the Mortgage industry required.
- Strong understanding of TRID expected/required.
- This position will require you to be onsite 2 days a week in our Chandler office, so you must be in a commutable distance to Chandler, AZ.
- High School degree or equivalent required
Why work for #teamloanDepot:
- Aggressive compensation package based on experience and skill set.
- Inclusive, diverse, and collaborative culture where people from all backgrounds can thrive.
- Work with other passionate, purposeful, and customer-centric people.
- Extensive internal growth and professional development opportunities including tuition reimbursement.
- Comprehensive benefits package including Medical/Dental/Vision.
- Wellness program to support both mental and physical health.
- Generous paid time off for both exempt and non-exempt positions.
About loanDepot:
loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster, and less stressful to purchase or refinance a home. Today, as the nation's second largest non-bank retail mortgage lender, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional, and national philanthropic efforts.
We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
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