Closing Technician

Summary: The Closing Document Technician is responsible for issuing the initial closing disclosure along with preparing and drawing closing documents for signing. Interaction with closing agents, processors and underwriters to obtain necessary fees and documentation. Ensure each loan is accurate and compliant with loan approval and adheres to state and federal regulations, delivery of the initial closing disclosure to the borrower/buyer and the closing document package to the closing agent. A Closing Technician must have knowledge of loan products, underwriting guidelines, escrow/title practices, as well as regulatory compliance laws and they apply to mortgage transactions. This position will interact with Operations and Sales staff and must have excellent oral and written communication skills along with a strong sense of customer service.

Essential Duties and Responsibilities
• Access the initial closing disclosure reports daily to monitor and begin the Closing Disclosure process
• Collaborates with Closing Agents via closing disclosure portal regarding closing company fees
• Communicate with broker/branch clients and internal staff (Processors, Mortgage Loan Officers, Coordinators and Business Development Managers) on all closing disclosures in progress
• Contact the appropriate branch/broker to verify Lender/Broker charged fees.
• Check and verify information in LQB system for property address, legal description, fees, taxes, hazard insurance, impounds, agents and borrower’s name input accuracy.
• Confirm and verify initial closing disclosure is received. Signed and logged into the LQB system properly.
• Verify 3 day mandatory wait period has been satisfied prior to dating and disbursing the final legal loan documents.
• Prepare all loan consummation and closing disclosure documents ensuring all necessary documentation is complete and accurate for a salable loan on the secondary market
• Complete applicable checklists and run high cost test to include Section 32, State Predatory Lending Laws, FNMA, FHA, and VA guidelines regarding fees
• Review and sign off “prior to doc” conditions prior to issuing loan doc’s to closing agent.
• Verify flood certification and Unites States zip code to LB system information.
• Provide closing information and pertinent details in oral and written communication to Closing Agents, Brokers, and Sales staff
• Work closely with the Quality Control team and respond to loan audits
• Provide feedback to management on suggested policy changes and/or enhancements
• Maintain company service levels to provide appropriate turn times
• Review Evidence of Insurance to ensure that the policy has enough dwelling coverage, borrower’s name is accurate and effective dates and mortgagee clause are correct.
• Expected production level-Collaborate 5 loans per day and also maintain a minimum of 5 sets of loan documents per day
• Work closely with funder’s and ensure suspense’s are cured in a timely manner
• Other duties as assigned

Skills/Qualifications
• Minimum 1+ years of mortgage industry experience required
• Minimum 1 year experience in drawing 1st and 2nd lien mortgage loan documents on
(Conventional, FHA, VA and other loan products)
• Knowledge of loan products, underwriting guidelines, escrow/title practices, and regulatory compliance laws
• Strong organizational skill with ability to prioritize, multi task and complete multiple tasks on schedule, often in a stressful environment
• Must be detail oriented with high level math skills.
• Ability to relate and work well with others.
• Extended hours may be required as needed, including weekends/evenings and Holidays.
• Excellent Attendance: Fulltime position that requires regular, reliable and punctual attendance
• Must have excellent oral and communication skills with a strong sense of customer service

Education/Experience
• High School diploma
• Minimum 1+ years experience in the Mortgage Industry

Computer Skills
• Microsoft Office
• ConformX
• Internet software