Home Equity Closing Coordinator

Guaranteed Rate, Inc.; Chicago (IL); On-site; USD 45,000 - 65,000; Full time

Benefits offered by this job

401(k)

Vacation benefits

Medical, dental, vision benefits

Flexible benefits

Life insurance and death benefits

Critical care insurance

Personal accidental insurance

Commuter benefits

Pet insurance

Other supplemental benefits

Job summary

Guaranteed Rate, Inc. in Chicago invites applications for a Closing Coordinator. This role supports the Loan Coordinator in preparing each file for closing, coordinating with internal departments and third parties to ensure accurate documentation and timely submission to closing.

The Closing Coordinator will track closing dates, assist with pulling and verifying final fees, and help ensure outlines are complete, labeled, and filed in the eFolder, while maintaining overall pipeline oversight.

Responsibilities

• Review and coordinate with LC on funding or at-close conditions
• Review file documentation and request corrections for complete, accurate records: Insurance, Title, Wire Instructions, Closing Protection Letter, Payoff, Appraisal
• Begin and track collaboration with settlement agent within CD Exchange
• Submit for insurance review once documentation is complete and accurate
• Ensure all parties are in the Encompass tracking screen for CD creation and fraud review
• Complete Closing Checklist and CT process and obtain VPO approval
• Submit to CD desk and closing
• Follow-up on borrower receipt and signature
• Monitor pipeline and track upcoming closing dates proactively

Job description

Job Profile

Closing Coordinator

Job Description Summary

We are committed to providing a competitive and equitable total rewards package. The compensation for this role is designed to attract, retain, and motivate top talent. The expected base salary range for this position is Minimum Amount] to Maximum Amount] annually/hourly

Job Description

The Closing Coordinator position was created to assist the Loan Coordinator in the preparation of each file for closing in tandem with the Loan Coordinator's efforts in obtaining the CTC. The Closing Coordinator, with the guidance of the LC, will work with internal departments as well as third parties in ensuring the accuracy and completion of all file documentation and information to ensure a problem free and timely submission to closing. The Loan Coordinator will also facilitate and confirm the closing date and time with all parties.

Essential Duties and Responsibilities

• Review the approval and coordinate with LC regarding any Funding or At Close conditions


• Review existing file documentation and request further documentation or corrections as necessary to ensure complete, accurate and matching documentation:
  
  
  • Insurance
  
  
  • Title
  
  
  • Wire Instructions
  
  
  • Closing Protection Letter
  
  
  • Payoff (for refinances)
  
  
  • Appraisal
  
  


• Begin and track collaboration with settlement agent within CD Exchange


• Submit for insurance review once documentation is complete and accurate


• Ensure completion of all necessary parties in the Encompass tracking screen for CD creation and fraud review


• Begin completion of Closing Checklist


• Ensure CD collaboration with settlement agent is complete


• Ensure all previous Loan Estimates are properly labeled and filed correctly in the eFolder


• Provide preliminary fees to ensure accurate initial closing disclosure


• Ensure accurate completion of all borrower fees paying close attention to those POC and the accuracy of the LE


• Ensure accuracy of closing and funding date


• Completion of closing transmittal


• Submission to CD desk


• Follow-up on borrower receipt and signature


• Submission to Closing upon CTC Schedule and confirm closing with all parties


• Ensure Closing Checklist is complete and accurate


• Complete final CT and obtain VPO approval


• Submit to closing


• Address any issues from closing facilitator


• Additionally, the Closing Coordinator will monitor the pipeline and track all upcoming closing dates in a proactive way

Training & Performance Management Platform Basics for LCs

• New hire training as necessary


• Insurance Fundamentals


• Title Fundamentals


• TRID: Processing Continuing Education

Skills and Competencies

The Closing Coordinator will remain up to date on all relevant trainings, updates to investor insurance requirements, and internal communications which affect both Sales and Operations.

Additional Job Description Summary

Rate is an Equal Opportunity Employer that welcomes and encourages all applicants to apply regardless of age, race, sex, religion, color, national origin, disability, veteran status, sexual orientation, gender identity and/or expression, marital or parental status, ancestry, citizenship status, pregnancy or other reason protected by law.

Benefits

• eligibility to participate in a company-sponsored 401(k)


• vacation benefits


• eligibility for medical, dental, vision, and prescription drug benefits


• flexible benefits (e.g., healthcare and/or dependent day care flexible spending accounts)


• life insurance and death benefits


• critical care insurance


• personal accidental insurance


• commuter benefitsi
  
• pet insurance


• certain time off and leave of absence benefits


• well-being benefits (e.g., employee assistance program)


• other supplemental benefits (e.g. legal planning assistance; identity theft protection; pet insurance; wellness resources)