Closing Officer - Residential Mortgage

National Mortgage Fulfillment

The Closing Officer is responsible for coordinating and preparing the documentation required to facilitate the closing of 1-4 family residential mortgage loans. They ensure all required documents, terms, and conditions satisfy Popular Bank, Investor, State, and Federal requirements.

This role is an instrumental part of the mortgage loan process since the Closing Officer is responsible for facilitating communications with all transaction stakeholders, document collection, and service orders required to meet closing deadlines, client expectations, and the established service level standards of Popular Bank. Additionally, the Closing Officer will perform post-closing and post-funding functions required to deliver the loan to the end investor, or in the case of loans held in our portfolio, ensure the safe delivery of our complete collateral documentation to our custodial bank.
 

In this position, you will:

• Monitor and track estimated closing dates on all active loans to assure closing dates are met
   
• Review approved loans to determine conditions that must be met prior to closing
   
• Review loan files for proper compliance with Popular Bank, investor, state, and federal requirements
   
• Reviews and ensures the accuracy of documentation such as the title policy, insurance policy, and legal documentation
   
• Reviews and validates the loan closing costs associated with the mortgage loan for accuracy
   
• Prepares and delivers the loan closing figures and required documents for closing, including but not limited to the Closing Disclosure and loan closing package
   
• Coordinate loan closing with applicant, loan processor, underwriters, loan originators, title company, and legal counsel
   
• Maintain applicant communication and addresses the applicant's questions
   
• Ensures all necessary loan documentation is completed and delivered in a timely manner
   
• Identifies and resolves any errors and omissions with documentation
   
• Facilitates post-closing and post-funding tasks
   

To be considered, you will need:

• High School Diploma or equivalent
   
• 5+ years’ experience as a mortgage loan closer
   
• Prior use of Encompass Loan Origination System within the last 3 years
   
• Knowledge of mortgage lending programs including Non-Conforming, Fannie Mae, and Freddie Mac guidelines, as well as the use automated underwriting systems
   
• Knowledge of federal regulations including but not limited to: TRID, RESPA, HMDA, ECOA, FCRA, FDPA, and Reg Z
   

Salary Range Information

  
Our base salary for this position located in New York generally ranges between  $34.33 and $40.00 hourly, depending on business need and on your qualifications and experience. Base salary does not include incentive compensation, commission, or any other type of remuneration or benefits.