The Closer must make sure all required items for the loan file are obtained/collected at the time of funding in order to be able to submit the loan to the investor and to be sent out for the HUD Insuring process. The Closer will work with Correspondent Partners, Title companies, Sales Advisors, Attorneys, etc….on a daily basis.
Job Functions:
•Ensure that all loans meet guidelines for quality and regulatory compliance and investor closing standards are met
•Gather all required forms and conditions required to close and fund the loan
•Audit initial documents and file based on audit procedures.
•Review title information, sales comps and LOS information for accuracy and to identify potential qualification issues
•Establish and maintain a thorough knowledge of all products and investor requirements to ensure quality closing packages and salability to the Investor.
•Run calculations on a reverse mortgage calculator to customize application packages based on client qualification.
•Assemble client portfolios and audit portfolio based on procedures.
•Prepare all closing documents required to close mortgage loans, ensuring documentation is complete and accurate; follow up with any discrepancies.
•Audit closing documents and file based on audit procedures.
•Prepare and explain closing requirements to settlement agent as needed.
•Receive document package from settlement agent and review and clear all prior to funding conditions.
•Audit funding documents and file based on audit procedures.
•Determine any additional funding conditions that are need to meet lender, investor, or HUD guidelines.
•Prepare and deliver funding package based on funding procedures.
•Perform client, settlement agent, processor, or client relations follow-up as needed.
•Coordinate shipping and receiving of documents to loan advisors, settlement agents, and wholesale partners, as needed.
Qualifications
•Minimum of three years as a closer, funder or doc drawer
•Reverse mortgage industry experienced preferred
•Ability to prepare routine administrative paperwork
•Organizing and coordinating skills
•Ability to develop and maintain files and records
•Skill in the use of personal computers and related software applications, specifically Internet Explorer, Microsoft Outlook, and Microsoft Word
•Knowledge of customer service standards and procedures
•Good customer service skills and reliable
•Individual must be extremely detailed oriented and work well under pressure, meeting multiple and conflicting deadlines
•Must at all times demonstrate cooperative behavior with colleagues and supervisors
Full benefits
401(k) with company match.
Paid time off.
Potential growth within a growing organization. We promote from within
Working in a growing and dynamic industry
Job details are sourced from the employer's original posting.
Open job postingAbout the company
At Longbridge, we love seniors and we’re passionate about helping them unlock the power of one of their greatest assets—their home equity. As a leading provider of home equity solutions for seniors, we’re committed to helping older homeowners make the most of what they’ve worked hard to build, so they can live the retirement they imagined. And we don’t just do it well, we do it really well. With an “Excellent” rating on Trustpilot and over a thousand customer testimonials, we’ve earned a reputation for making it easy and stress-free to access home equity—with guidance every step of the way. But it’s not just our customers who love us—our team does, too! We’ve been named a Great Place to Work® three years in a row because we believe that when people enjoy what they do and where they do it, everyone wins.