Wholesale Mortgage Closer - Remote

Benchmark Mortgage (NMLS #2143); Plano (TX); On-site; USD 55,000 - 65,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Short-term disability

Long-term disability

401(k) plan

Roth 401(k) matching

Company life insurance

8 paid holidays

Job summary

11 Mortgage is seeking a Wholesale Closer to ensure timely closings by preparing disclosures and closing documents, coordinating with brokers and settlement agents, and addressing file issues across departments.

Ideal candidates are detail-oriented, highly organized, with at least three years of mortgage closing experience and knowledge of Encompass and TRID guidelines. This full-time role offers a dynamic environment and competitive benefits.

Qualifications

• Minimum of three years mortgage closing experience.
• Wholesale closing experience required.
• Experience with Encompass preferred.
• Complete understanding of TRID guidelines.
• High school diploma or equivalent; some college preferred.

Responsibilities

• Review loan files for accuracy and compliance prior to closing.
• Prepare and approve the Closing Disclosure.
• Assemble and deliver all closing documents on schedule.
• Coordinate with Broker, Account Executive, and settlement agent to set closing date.
• Reconcile file defects with various departments.
• Calculate loan interest, principal, escrow, and closing costs before closing.
• Perform additional duties as assigned.

Skills

Detail-oriented

Excellent organizational skills

Prioritization

Multi-tasking

Communication skills

Cross-functional collaboration

Understanding of legal documents

Residential closing knowledge

Education

High school diploma or equivalent

Some college preferred

Tools

Encompass software

TRID knowledge

Microsoft Office

Job description

Position Overview

11 Mortgage strives to remain a dynamic environment given the frequent changes during the loan process. The Wholesale Closer will be instrumental in maintaining the dynamic environment and helping meet the closing date by preparing and approving the closing disclosure, preparing all closing documents and scheduling loan closings. This position coordinates with other departments to immediately remedy any issues that may exist with the file. Ideal candidates for this position will be highly detail-oriented, have excellent organizational skills, and an understanding of mortgage closing conditions.

Essential Functions of the Role

• Review loan files for accuracy and compliance prior to closing.
• Prepare and approve the Closing Disclosure.
• Prepare all closing documents in a timely manner.
• Communicate with the Broker, Account Executive, and settlement agent to schedule closing date and time.
• Coordinate with various departments to reconcile any file defects.
• Calculate loan interest, principal payment, escrow fees, and closing costs prior to closing.
• Other duties as assigned.

Classification: Full Time, Non-Exempt

Essential Knowledge / Skills / Abilities

• Highly detail-oriented.
• Excellent organizational skills.
• Proven ability to prioritize and multi-task.
• Works well with little direction.
• Strong communication skills.
• Ability to work across organizational boundaries.
• Understanding of legal documents.
• Knowledge of residential closing conditions.

Experience Requirements

• Minimum of three (3) years of mortgage closing experience required.
• Wholesale Closing experience required.
• Experience with Encompass preferred.
• Complete understanding of TRID guidelines.

Education / Licensing Requirements

• High school diploma or equivalent required. Some college preferred.

Working Conditions

• Fast-paced environment.
• Requires normal vision (corrected) both close and distant.
• Requires normal hearing levels (corrected).
• Requires working at a desk to use a phone and computer for extended periods of time.
• Requires sitting, bending.
• Works effectively with frequent interruptions.
• Lifting requirements of 10 lbs. occasionally.

Minimal travel.

Benefits

• Medical, dental, and vision insurance.
• Short-term and long-term disability.
• 401(k) and Roth 401(k) plan and Company match.
• Company-provided life insurance.
• 8 paid holidays.
• AND MORE!

Pay

55,000.00 to 65,000.00 annually depending on experience, and is eligible for discretionary production bonuses.