In addition to the responsibilities of a mortgage loan operations center (MLO) loan closer, handles more complex mortgage loan transactions and is usually more skilled and tenured. Works more independently than less seasoned closers. May assist with training and coaching of associates and/or distribution of work to associates.
Loan Closers are responsible for, but not limited to, reviewing of closing documentation for data integrity, compliance and prior to fund conditions; submitting wire requests; the funding of loans, and/or other functions necessary to ensure disbursement of funds pertaining to mortgage loan
Loan Funders are also responsible for following up on missing conditions and using data entry skills to enter loan information. Strong communication skills are a must, as interaction with customers to review settlement statements and coordination with attorneys and title companies is a primary responsibility of the role. A Sr. Loan Closer should have at least 2-5 years closing experience and be well-versed in the latest regulations, including but not limited to Reg X, Reg Z, and RESPA. Skills regarding more complex mortgage transactions such as VA, CEMA, and Co-op are a bonus. Ideal candidate should be detail-oriented, self-motivated, and customer centric. May assist with training and coaching of associates and/or distribution of work to associates.
This position may be subject to SAFE Act registration requirements. Pursuant to the SAFE Act requirements, all applicants for employment who will be engaged in residential loan mortgage originations (as defined by the SAFE Act) must register with the federal registry system and maintain a status in good standing under the SAFE ACT requirements. If at any time the Bank determines that your position requires SAFE Act registration, you will be required to register and to submit to the required SAFE Act background check and registration process. Failure to register successfully or to maintain a status in good standing under the SAFE Act will affect your eligibility for continued employment and may result in your immediate termination.
Required Skills -
- Strong written and verbal communications skills
- Teamwork and customer service skills a must
- Self-motivated and highly organized
- Ability to prioritize multiple competing tasks
- Flexibility to work extended hour during heavy workload periods
- Ability to working in a high volume, fast pace work environment
- High level of customer service skills
- Excellent oral and written communication
- 2+ mortgage, title, real estate experience
Bank of America - 2 years ago
Bank of America Corporation is a bank holding company. Through its banking subsidiaries (the Banks) and various non-banking subsidiaries...