Mortgage Closer Job Description Template
The Mortgage Closer is responsible for preparing mortgage loan documents, coordinating with all parties involved in the transaction, and ensuring the loan closes in a timely manner. This position requires excellent attention to detail, strong organizational skills, and the ability to multitask. The Mortgage Closer will work closely with the borrower, lender, real estate agent, and escrow officer to ensure all documentation is complete and accurate.
Mortgage Closer Job Responsibilities
- Review mortgage loan documents for accuracy and completeness
- Ensure that all required signatures are obtained
- Calculate final interest charges and payoff amount due
- Prepare loan closing documents
- Coordinate with title company or attorney to schedule loan closing
- Attend loan closing and ensure all documents are signed and notarized correctly
- Fund the loan by wire transfer or check
- Record the loan in the county records office
Objectives
- To ensure that all mortgage closing documents are accurate and compliant with state and federal regulations.
- To coordinate with lenders, real estate agents, and title companies to ensure a smooth closing process.
- To review loan documents for completeness and accuracy prior to closing.
- To disburse funds and record all pertinent information in the mortgage loan system following closing procedures.
- To maintain knowledge of updates to laws and regulations governing the mortgage industry.
Mortgage Closer Job Skills & Qualifications Needed
- The skills and qualifications needed for the role of Mortgage Closer include strong communication and interpersonal skills, excellent organizational and time management skills, and the ability to work well under pressure. Additionally, Mortgage Closers must have a thorough understanding of the mortgage loan process and be able to effectively navigate through various computer systems.