First California Mortgage Company Mortgage Closer in Greenwood Village, Colorado

Job Descriptions:

Position Purpose:

Responsible for preparing Final loan documents and closing packages within established guidelines. Strong knowledge of loan products, underwriting guidelines, escrow/title practices, as well as regulatory compliance laws as they apply to mortgage transactions. Auditing of loan documents/ funding packages for completeness and accuracy.

Essential Functions and Basic Duties:

  • Reviews loan packages for completeness, accuracy and preparation of closing documents that adhere to loan approval, lock confirmation, product guidelines, insurance requirements and state and federal regulations

  • Draws final loan documents

  • Prepare and orders wire transfers.

  • Validate fees and balance loans prior to ordering funds.

  • Ensures all closing conditions have been satisfied.

  • Ensures accuracy of information in final documents through matching loan file

  • Monitor locks expiration dates and notifies appropriate individuals- monitoring system lock changes

  • Reviews doc requests and compares doc request to loan approval and IHM/PCLender. Insures Closing Disclosure meets TRID requirements. Delivery of closed loan file to Shipping/Servicing within required service level standards.

  • Prioritize workflow to meet funding deadlines.

  • Maintain company service levels to provide appropriate turn times.

  • Informed on FCMC loan programs and policies and procedures.

  • Interacts with Secondary Marketing, Wholesale, Retail, Accounting, Servicing, Shipping and Quality Control.

  • Maintains high degree of confidentiality.

  • Draw documents on a minimum of 6 loans daily

  • Reviews a minimum of 6 loans daily.

  • Keeps loan data updated in the system on a continual basis

  • Sign off conditions from docs drawn to funded status

Maintains a high level of customer service with quick response times and accurate information (both internally and externally).

Required Experience:

Education:

  • High School Diploma or GED or equivalent experience.

Required Knowledge:

  • Excellent customer service skills.

  • Strong problem solving skills.

  • High-level math aptitude.

  • Ability to work in a fast paced environment.

  • Excellent interpersonal and organizational skills.

  • RESPA 2010/HUD-1

  • TRID/Closing Disclosure

  • Knowledge of mortgage banking, emphasizing loan programs requirements, including guarantee, security instruments, disclosures and legal requirements.

  • Knowledge of personal computers and applicable software. (Datatrac, Microsoft office, Microsoft Outlook and Calyx Point)

Experience Required:

  • Three to five years mortgage experience with exposure to document drawing and funding procedures such as wire transfers, impounds, rescissions.VA, FHA, USDA and Conventional review and funding experience required.

  • Musty be fully experienced with all RESPA 2010 guidelines for HUD-1 funding process

  • Must be experienced in TRID and Closing Disclosure funding process

Skills/Abilities:

  • Strong mathematical skills.

  • Excellent administrative and/or office skills.

  • Attention to detail.

  • Ability to operate a PC, including manipulation of word processing.

  • Ability to multi task.

Keyword: Closer Loan Documents Loan Products Underwriting Guidelines Escrow Title Regulatory Compliance TRID RESPA HUD Mortgage Transactions Auditing Loan Documents Funding Packages

From: First California Mortgage Company