Mortgage Closer in Fairfield, NJ at Vaco

Date Posted: 9/11/2020

Job Snapshot

  • Employee Type:
  • Location:
    Fairfield, NJ
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
  • Job ID:

Job Description

We are seeking an experienced mortgage closer with the proper qualifications listed below. Candidates will work from our corporation office in Fairfield, NJ. We offer a great work environment, with friendly staff and a competitive bonus schedules designed to assist you in reaching your financial goals.

Position Overview:

Ensure compliance with regulatory and investor requirements and quality customer service standards relative to preparing loan files closing. Communicates with external and internal customers, responding to inquiries, resolve problems. Coordinates all aspects of the closing process and ensures that all terms of the sale are met. ​

Required Skills:

  • Evaluate and assess residential mortgage loan applications as assigned. Verify the information identified in the loan origination system.
  • Ensures loans are closed in accordance with established our policies and procedures, investor guidelines, rules and regulations.
  • Complete closing checklist to reflect accurate data. Confirm rate and document expiration date are valid through the date of closing/disbursement date. Ensure all fees are compliant with disclosures, loan product, etc.
  • Contact insurance agents, municipalities, treasurer offices and/or tax assessors to ensure that escrow accounts are set up correctly.
  • Complete closing screens in loan origination system. Verify final figures. Generate a quality closing package including but not limited to note, mortgage, rider, CD and affidavits in connection with each closing.
  • Prepare closing instructions and ensure company requirements are met and final title can be issued. Schedule closing and forward closing package to Closing Agent.
  • Review prepared CD statement for approval and signoff. Balance CD, verify final figures and wire proceeds to Closing Agent in accordance with our company guidelines.
  • Ensure that all documents are properly recorded and delivered. Send closed loan package in correct stacking order to investor and track the loan for verification of funding.

Required experience:

• Recent Mortgage Closing: 2 years +

• General Understanding of TILA / RESPA Integrated Disclosure (TRID).

• High School Diploma or Equivalent

• Experience using Encompass