Loan Closer

Beacon-Bank; Boston (MA); On-site; USD 28,000 - 50,000; Full time

Job summary

Beacon Bank is seeking a meticulous Post-Closing Reviewer to join our team in Boston, MA. The role focuses on quality control of closed loan files, ensuring accuracy in CD reviews, address validations, escrow determinations, and cash-to-close assessments.

You will collaborate closely with closing agents, mortgage loan officers, processors, and underwriters to resolve items promptly. Candidates should have at least 3+ years of post-closing experience in conventional loans and related programs

Qualifications

• Strong written and verbal communication skills.
• Ability to multi-task in a fast-paced environment.
• Ability to identify and resolve issues in loan files.

Responsibilities

• Performs quality control review of closed loan files, including CD review, document expirations, address validations, escrow determinations and cash to close review.
• Collects and submits stips for investor approval and obtains outstanding documentation to complete the loan file for boarding.
• Obtains Trailing Documents for all closed loans.
• Processes wire/deposit requests to appropriate parties after file is Cleared to Fund.
• Backups duties for sale of loans to Investors, retrieving Purchase Advice and shipping/submission of closed loan packages to Investors.

Skills

Strong communication

Multi-tasking

Problem solving

Education

High school diploma or equivalent

Job description

Reports to: FVP, Closing and Funding Manager

Status: Non-Exempt

Grade: 7

Salary Range: $20.50 - $35.99

Actual compensation within the pay range will be determined based on factors including, but not limited to, skills, prior relevant experience, and specific work location.

Location: Boston, MA or Pittsfield, MA

Purpose/Objective:

Performs review of the closed loan package upon receipt from the closing agent. Works closely with closing agents, mortgage loan officers, processors, and underwriters. Clears outstanding items on files to get loans completed in a timely fashion.

Key Accountabilities:

• Performs quality control review of closed loan files, which includes CD review, document expirations, address validations, escrow determinations and cash to close review. 25%
• Works with processors/underwriters/loan officers and closing agents to collect and submit stips for investor approval and/or obtain any outstanding documentation to complete the loan file for boarding. 25%
• Obtains the Trailing Documents for all closed loans. 25%
• Process all wire / deposit requests to the appropriate parties upon file being Cleared to Fund. 25%
• Performs backup duties for sale of loans to Investors, retrieving Purchase Advice from Investors for purchased loans and shipping/submission of closed loan packages to Investors.

Education:

• High school diploma or equivalent

Experience:

• 3+ years of post-closing experience
• Experience in conventional post-closing, FHA, VA, USDA, CHFA, Mass Housing, and construction loans

Skills & Knowledge:

• Strong communication skills, both written and verbal
• Ability to multi-task and work in a fast-paced environment
• Ability to problem solve and find resolutions

Beacon Bank is an Equal Opportunity Employer - all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin. If you would like to contact us regarding the accessibility of our website, need assistance completing the application process, or would like to request alternative methods of applying, please contact us [e-mail] .

We endeavor to make this site accessible to any and all users.

Beacon Bank is an Equal Opportunity Employer - all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin. If you would like to contact us regarding the accessibility of our website, need assistance completing the application process, or would like to request alternative methods of applying, please contact us at [e-mail] .

EEO is the Law

ADP Privacy Statement

Artificial Intelligence

Google Privacy Policy

Google Terms of Service