Mortgage Loan Closer

VISION BANK; Ada (OK); On-site; USD 42,000 - 66,000; Full time

Job summary

Vision Bank is seeking a Mortgage Loan Closer in Ada, OK. You will coordinate and finalize all documentation for mortgage closings, ensure accuracy and compliance with bank policies and regulations, and work with loan officers, underwriters, title companies, and other stakeholders to facilitate timely closings.

The role requires 2+ years in mortgage industry, strong attention to detail, proficiency with closing software, and knowledge of Fannie Mae/Freddie Mac guidelines.

Qualifications

• 2 years’ experience in the mortgage industry is required.
• Two+ years previous experience in a similar role.
• Intermediate knowledge of conventional and/or government loans and guidelines (e.g., Fannie Mae, Freddie Mac, FHA, VA).
• Familiarity with mortgage loan operating systems.
• Excellent attention to detail and organizational skills.
• Ability to work efficiently in a fast-paced organization and manage multiple priorities.
• Excellent communication and interpersonal skills, with the ability to collaborate with internal and external stakeholders.
• Strong problem-solving skills and the ability to resolve issues quickly and effectively.
• Knowledge of title insurance and real estate closing procedures is a plus.
• Exercise a willingness and commitment to adhere to the bank’s core values.
• Ability to identify and report risks that could impede the reputation, safety, security, or financial success of the bank.
• Previous experience as Mortgage Loan Closer or similar role in the mortgage industry.
• Proficiency with mortgage loan origination software and closing platforms.
• Strong understanding of mortgage lending regulations.

Responsibilities

• Review loan approval documents and conditions to ensure accuracy and completeness.
• Prepare closing documents, including the Closing Disclosure (CD), loan documents, and an additional required form.
• Coordinate with title companies, attorneys and other third-party vendors to schedule closings.
• Verify loan terms, fees, and closing costs are consistent with the loan approval and comply with regulatory guidelines.
• Communicate with loan officer, processors, underwriters, and other stakeholders to address any outstanding issues or conditions prior to closing.
• Conduce final quality control checks on loan files to ensure all necessary documentation is present and accurate.
• Coordinate the signing and notarization of closing documents with borrowers.
• Coordinate the signing and notarization of closing documents with borrowers.
• Ensure timely funding and disbursement of loan proceeds.
• Prepare and deliver closing packages to appropriate parties, including investors, title companies and government agencies.
• Maintain detailed records of loan closings and related documentation.
• Stay updated on changes in mortgage lending regulations and ensure compliance with all applicable laws and guidelines.

Skills

Attention to detail

Organizational skills

Communication skills

Problem-solving

Regulatory knowledge

Interpersonal skills

Multi-tasking

Mortgage software proficiency

Title insurance knowledge

Education

High school diploma or equivalent

Tools

Closing platforms

Job description

Description

The Mortgage Loan Closer is responsible for coordinating and finalizing all documentation necessary for the closing of mortgage loans. This includes ensuring accuracy and compliance with company policies, as well as federal and state regulations. The Closer works closely with loan officer, underwriters, title companies and other stakeholders to facilitate a smooth and timely closing process.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

Duties/Responsibilities

• Review loan approval documents and conditions to ensure accuracy and completeness.
• Prepare closing documents, including the Closing Disclosure (CD), loan documents, and an additional required form.
• Coordinate with title companies, attorneys and other third-party vendors to schedule closings.
• Verify loan terms, fees, and closing costs are consistent with the loan approval and comply with regulatory guidelines.
• Communicate with loan officer, processors, underwriters, and other stakeholders to address any outstanding issues or conditions prior to closing.
• Conduce final quality control checks on loan files to ensure all necessary documentation is present and accurate.
• Coordinate the signing and notarization of closing documents with borrowers.
• Coordinate the signing and notarization of closing documents with borrowers.
• Ensure timely funding and disbursement of loan proceeds.
• Prepare and deliver closing packages to appropriate parties, including investors, title companies and government agencies.
• Maintain detailed records of loan closings and related documentation.
• Stay updated on changes in mortgage lending regulations and ensure compliance with all applicable laws and guidelines.

Requirements

Required Skills/Abilities

• Exercise a willingness and commitment to adhere to the bank’s core values.
• Ability to identify and report risks that could impede the reputation, safety, security, or financial success of the bank.
• Previous experience as Mortgage Loan Closer or similar role in the mortgage industry.
• Proficiency with mortgage loan origination software and closing platforms.
• Strong understanding of mortgage lending regulations.
• Excellent attention to detail and organizational skills.
• Ability to work efficiently in a fast-paced organization and manage multiple priorities.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively with internal and external stakeholders.
• Strong problem-solving skills and the ability to resolve issues quickly and effectively.
• Knowledge of title insurance and real estate closing procedures is a plus.

Education and Experience

• High school diploma or equivalent.
• 2 years’ experience in the mortgage industry is required.
• Two + years previous experience in a similar role.
• Intermediate knowledge of conventional and/or government loans and guidelines (e.g., Fannie Mae, Freddie Mac, FHA, VA, etc.).
• Familiarity with mortgage loan operating systems.
• Effectively identify errors and apply problem solving skills to generate a resolution.