Loan Closer

Loan Closer 

Department: Operations 

Team: Closing

What Sets Us Apart

What We Need

What You’ll Do

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  Embrace and embody our company’s core values and consumer-centric model to provide superb customer service throughout the loan process. 
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  Coordinate and prepare preliminary title prep documents to begin balancing final fee figures with the title company. 
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  Review loan files and documents for accuracy and completeness, ensuring they meet regulatory and internal requirements. 
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  Collaborate and proactively communicate with internal and external parties involved in the Closing process to resolve outstanding issues or discrepancies in the loan process. Parties incude: 

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  Internal: Loan Originators, Loan Processors, Post-Closers, Team Leaders, Lock Desk, and additional Operations team members 
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  External: Underwriters, real estate agents, borrowers, Title companies, attorneys, HOI agents, and escrow agents 

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  Ensure that all loans are closed in compliance with federal, state, and local regulations, as well as investor and agency guidelines. 
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  Stay up-to-date with industry and regulatory changes that may impact the closing process. 
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  Coordinate the disbursement of funds for the loan, ensuring that funds are requested in a timely manner from the funding department. 
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  Verify that all closing costs and fees are accurately reflected on the Closing Disclosure and are in line with what was originally disclosed. 
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  Conduct a final quality control review to verify that all documents are signed and executed correctly. 
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  Confirm and review that the Verbal Verification of Employment (VVOE) has been completed for loans before their scheduled closing date. 
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  Ensure a complete closing package is sent to the settlement agent 24-48 hours in advance of closing. 
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  Review important expiration dates, and ensure lock is valid through funding date. 
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  Ensure proper vesting is verified for Deed Preparation. 
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  Review Cash-to-Close with LO to confirm with the borrower. 
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  Track and maintain individual pipeline to ensure accuracy and no closings are missed. 
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  Assist and coordinate with UMortgage’s post-closing department on correspondent loans to set up funding and post-closing compliance. 
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  Update Arive (LOS) with necessary status dates and any/all documentation required. 
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  Additional responsibilities related to business needs. 

What You Need

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  Bachelor’s degree or related experience required. 

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  5+ years of experience in a mortgage role, preferably within Closing. 
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  Proficiency in mortgage lending regulations, especially those related to closing and disclosure requirements (e.g. TRID). 
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  Strong analytical and problem-solving skills. 
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  Strong attention to detail and time management skills. 
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  Team-oriented, adaptable, and accountable mentality. 
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  Excellent customer service and written communication skills. 
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  Excellent organizational and follow-up skills. 
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  Ability to multitask and prioritize projects with multiple deadlines. 
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  Experience with multiple lender platforms and TPO Portals (UWM and HPF are a plus). 
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  Experience in the Broker Channel and Non-Delegated/Correspondent Channel is ideal. 
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  Experience working with Loan Originators, Processors, Title Companies, and Settlement Agents. 

• Professional demeanor, including maintaining confidentiality and ethical conduct. 

What You’ll Love at UMortgage 

• Health benefits 
• Dental Benefits 
• Vision Benefits 
• FSA/HSA accounts 
• 401k/ Roth IRA 
• 17 Days of PTO, 7 Federal Holidays and 2 Floating Holidays
• Working with one of the top 100 fastest growing companies in America, ranked #88 on the Inc. 5000 list for 2024 
• Working with teams and offices across the US 
• Our “Get Better Everyday” Culture 
• Team Member Ownership options 
• Accelerated Career Growth