Mortgage Loan Closing Specialist I

Overview

Under the direction of the assigned manager, prepares closing documents for residential mortgage loans within designated timeframes. This position communicates with production associates regarding closing information, closing issues, answering questions or obtaining any additional documentation required to complete the loan file. Also responsible for working with title companies/closing agents to ensure adherence to mortgage underwriting requirements and closing procedures.

Additionally, the Closing Specialist I reviews all title related documents and closing disclosures for accuracy and compliance with Real Estate Settlement Procedures Act (RESPA) and TRID requirements prior to approval-to-fund. This position works with the closing manager/supervisor to produce required tickets for funding and orders the wire for remittance of closing funds. The Mortgage Loan Closer ensures compliance with bank, regulatory and investor requirements, as well as, quality customer service standards.

Responsibilities

• Issue closing instructions when directed to Title Companies/Closing Agents. Provide all necessary documents. Review title commitment, tax information, lock documentation, insurance information, real estate contract, if applicable, underwriting approval, and all other documentation relative to the closing transaction
• Prepare and Review closing disclosure for compliance with the contract and underwriting, to verify that all disbursements meet loan criteria. Ensure the receipt within the required timeframe by the customer.
• Other duties that may be assigned form time to time.

Qualifications

• High School Education
• Technical or vocational school education
• Loan Closing / Closing Coordinator / Mtg Processing experience
• 1-2 years of Loan Closing/Mtg Processing Experience or 6 months as Trustmark Closing Coordinator plus 2 years prior mtg experience.
• Knowledge of guidelines and legal requirements associated with the different types of loans closed and insured by FHA, VA, USDA, GNMA, FNMA and FHLMC.
• Thorough knowledge of residential mortgage closing documents
• Some knowledge of CFPB regulations and TILA-RESPA Integrated Disclosure (TRID) guidelines
• Some knowledge of title insurance guidelines
• Communication and listening skills
• Data entry
• 10 key calculator
• Analytical skills
• Filing
• Detail oriented
• 2 year college degree preferred