Loan Closer

Job Description

Job Description

Description:

What Sets Us Apart

At UMortgage, we have a customer-centric, service-based approach. We primarily focus on home purchases, providing an emphasis on consumer education, real estate agent relationships, and a personalized experience for home buyers. Our goal is to empower our team members to provide a best-in-class experience at all times while prioritizing long-lasting relationships.

What We Need

UMortgage is on the hunt for a communicative and team-oriented Loan Closer! The Loan Closer will assume ownership of loans assigned to them upon receipt of a Clear-to-Close designation to ensure a timely and efficient closing. The ideal candidate for this role will have a meticulous attention to detail, experience within a mortgage operations role with a proven track record of success in a high-volume environment. Are you a communicative and organized team member looking for a unique opportunity to grow your career? Apply now!

What You’ll Do

• Embrace and embody our company’s core values and consumer-centric model to provide superb customer service throughout the loan process.
• Coordinate and prepare preliminary title prep documents to begin balancing final fee figures with the title company.
• Review loan files and documents for accuracy and completeness, ensuring they meet regulatory and internal requirements.
• 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:
• Internal: Loan Originators, Loan Processors, Post-Closers, Team Leaders, Lock Desk, and additional Operations team members
• External: Underwriters, real estate agents, borrowers, Title companies, attorneys, HOI agents, and escrow agents
• Ensure that all loans are closed in compliance with federal, state, and local regulations, as well as investor and agency guidelines.
• Stay up-to-date with industry and regulatory changes that may impact the closing process.
• Coordinate the disbursement of funds for the loan, ensuring that funds are requested in a timely manner from the funding department.
• Verify that all closing costs and fees are accurately reflected on the Closing Disclosure and are in line with what was originally disclosed.
• Conduct a final quality control review to verify that all documents are signed and executed correctly.
• Confirm and review that the Verbal Verification of Employment (VVOE) has been completed for loans before their scheduled closing date.
• Ensure a complete closing package is sent to the settlement agent 24-48 hours in advance of closing.
• Review important expiration dates, and ensure lock is valid through funding date.
• Ensure proper vesting is verified for Deed Preparation.
• Review Cash-to-Close with LO to confirm with the borrower.
• Track and maintain individual pipeline to ensure accuracy and no closings are missed.
• Assist and coordinate with UMortgage’s post-closing department on correspondent loans to set up funding and post-closing compliance.
• Update Arive (LOS) with necessary status dates and any/all documentation required.
• Additional responsibilities related to business needs.

What You Need

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