Description

Bond Loan Closer

Position Overview:

Closers prepare and approve the mortgage loan closing disclosure and all other required closing documents, as well as schedule closing dates for borrowers. This position coordinates with departments across the Company to timely remedy any issues that may exist with the loan file. Performance of these duties ensures efficiency and effectiveness in the loan origination process and provides our borrowers with an excellent experience.

Ideal candidates for this position are highly detail-oriented, have excellent organizational skills, and a solid understanding of required mortgage closing conditions.

Essential Functions of the Role:

• Review loan documents for accuracy against bond program eligibility and investor requirements.
• Ensure compliance with bond program requirements, including state housing finance agency guidelines.
• Calculate and validate accurate disclosure and collection of program-specific fees.
• Coordinate with bond program administrators and servicers to obtain approvals, satisfy conditions, and ensure timely loan delivery.
• Work with secondary marketing and post-closing teams to address any investor suspense items needed for loan purchase.
• Prepare and review all closing documents including closing disclosures in a timely manner. 
• Communicate with the loan originator, borrower, and settlement agent to schedule closing date and time.
• Other duties as assigned.

Classification: Full Time, Non-Exempt

Reports to: Senior Closing/Funding Manager

Positions reporting to this position: None

Essential Knowledge/Skills/Abilities:

• Highly detail-oriented
• Excellent organizational skills
• Proven ability to prioritize and multi-task
• Works well with little direction
• Strong communication skills
• Ability to work across organizational boundaries
• Understanding of legal documents
• Knowledge of residential closing conditions
• Knowledge of TRID guidelines.

Experience Requirements:

•    Minimum 4 years of mortgage closing experience required.
•    Minimum 2 year of mortgage bond closing experience required.
•    Experience with Encompass preferred.

Education / Licensing Requirements:

• High school diploma or equivalent required. Some college preferred.

Working Conditions:

• Fast-paced environment.
• Requires normal vision (corrected) both close and distant.
• Requires normal hearing levels (corrected).
• Requires working at a desk to use a phone and computer for extended periods of time.
• Requires sitting, bending.
• Works effectively with frequent interruptions.
• Lifting requirements of 10 lbs. occasionally.
• Minimal travel <5%.