Mortgage Loan Closer Resume Sample
Destiny Grady
92744 Freddy Rapids,
Phoenix,
AZ
+1 (555) 660 8910
Work Experience
Senior Mortgage Loan Closer
12/2016
-
PRESENT
Boston, MA
- Interfaces with Branch Officers, HMC’s, Escrow Officers, Title Officers, and Insurance Agents
- Protect Company’s reputation and image by maintaining Borrower confidence; deliver a high level of customer service and by keeping mortgage loan information confidential
- Responsibility includes but is not limited to: answer questions, review files, audit files, taking over files in a closer’s absence, training, preparing procedures/processes, and assist with post-closing
- Complies with Banks Policies and Procedures, as well as regulatory compliance
- Keeps abreast of industry regulations and changes
- Experience as a loan processor, funder or closer
- Audits the loan file, confirms all conditions are satisfied and lender guidelines met
- Prepares and discloses the Closing Disclosure to borrowers
Mortgage Loan Closer
05/2012
-
06/2016
Boston, MA
- Performs pre-closing review of documentation needed to prepare closing package. Ensures all required closing documentation is present prior to preparing documents. Performs validation of loan data prior to preparing closing documents. Ensures Reg Z requirements and high cost filters are met
- Prepares loan closing package utilizing appropriate software. Ensures accuracy of all prepared closing documents
- Performs pre-funding review of required documents. Works with settlement agent on review of select closing documents executed at closing table. Reviews required settlement documents for accuracy. Issues funding authorization number after review of pre-funding documentation
- Ensure loans close in accordance with Underwriter’s approval and NPF’s policies and procedures
- Prior experience in mortgage loan closing
- In mortgage banking or related experience
- Good organization skills and be detail oriented
- Honesty and integrity in dealing with others and accountability in standing behind your work
Junior Mortgage Loan Closer
01/2008
-
11/2011
Houston, TX
- Collaborates with the title company to balance the final closing disclosure figures
- Draws closing documents and sends to the title company
- Works heavily with processing and loan officers to ensure closing documents and disclosure figures are accurate and within guidelines
- Accurately prepare and review legal binding Real Estate Documents for Capital One, NA branches and attorney closings
- Up to date on RESPA, state and local regulations and requirements
- Assist closing representative with any questions or issues regarding closing documentation or state specific closing guidelines
- Meet production goals as set by Closing Supervisor and department service level agreements
Education
California State University Channel Islands
2003 - 2008
School's Degree in Communication
Professional Skills
- Strong communication (written and verbal), analytical, and decision making skills
- Demonstrates effective business communication skills (both verbal and written)
- Prior closing/processing experience with all types of mortgage loans to include Bonds and Construction-Perm and Coop loans
- Demonstrates ability to work effectively with all levels of professionals including borrowers, attorneys, title companies, etc
- Demonstrates computer proficiency; experience using all Microsoft Office Applications
- Closing/shipping experience
- Experience preparing loan documents and funding
How to write Mortgage Loan Closer Resume
Mortgage Loan Closer role is responsible for software, organization, analytical, mac, retail, credit, training, security, compensation, shipping.
To write great resume for mortgage loan closer job, your resume must include:
- Your contact information
- Work experience
- Education
- Skill listing
Contact Information For Mortgage Loan Closer Resume
The section contact information is important in your mortgage loan closer resume. The recruiter has to be able to contact you ASAP if they like to offer you the job. This is why you need to provide your:
- First and last name
- Telephone number
Work Experience in Your Mortgage Loan Closer Resume
The section work experience is an essential part of your mortgage loan closer resume. It’s the one thing the recruiter really cares about and pays the most attention to.
This section, however, is not just a list of your previous mortgage loan closer responsibilities. It's meant to present you as a wholesome candidate by showcasing your relevant accomplishments and should be tailored specifically to the particular mortgage loan closer position you're applying to.
The work experience section should be the detailed summary of your latest 3 or 4 positions.
Representative Mortgage Loan Closer resume experience can include:
- Assists in correction of issues impacting closing Identifies legal, policy and documentation deficiencies and determines method to be used to correct deficiencies
- Attention to detail is critical, as are strong communication and organization skills. Solid mathematical and analytical skills are also necessary
- Two years recent closing/funding experience
- Demonstrates knowledge of RESPA and TILA lending regulations
- Mortgage closing experience
- Strong knowledge in reading title app
Education on a Mortgage Loan Closer Resume
Make sure to make education a priority on your mortgage loan closer resume. If you’ve been working for a few years and have a few solid positions to show, put your education after your mortgage loan closer experience. For example, if you have a Ph.D in Neuroscience and a Master's in the same sphere, just list your Ph.D. Besides the doctorate, Master’s degrees go next, followed by Bachelor’s and finally, Associate’s degree.
Additional details to include:
- School you graduated from
- Major/ minor
- Year of graduation
- Location of school
These are the four additional pieces of information you should mention when listing your education on your resume.
Professional Skills in Mortgage Loan Closer Resume
When listing skills on your mortgage loan closer resume, remember always to be honest about your level of ability. Include the Skills section after experience.
Present the most important skills in your resume, there's a list of typical mortgage loan closer skills:
- Demonstrate excellent problem resolution skills
- Proficient PC skills, including Microsoft Office and Loan Origination systems
- Strong knowledge of federal/state regulatory policies and procedures. (TRID experience required)
- Two or more year of closing and funding experience
- Related work experience, preparing mortgage closing documents
- Mortgage banking experience required
List of Typical Experience For a Mortgage Loan Closer Resume
1
Experience For Senior Mortgage Loan Closer Resume
- Related work experience, preparing mortgage closing documents
- Three + years banking experience
- Closing and/or title experience with FHA/VA/FNMA/FHLMC
- Mortgage closing experience
- Mortgage Closing Experience
- Evaluates and coordinates the priority of loan packages to be pre-reviewed, prepared and closed within the required deadlines
- TRID/Closing Disclosure Knowledge/Experience
- At least 6 months of Financial Services experience
2
Experience For Junior Mortgage Loan Closer Resume
- 6 months mortgage loan experience
- Exhibit excellent analytical ability
- Experience with tolerance credits, RESPA requirements, TILA requirements, state escrow requirements, etc
- Ensuring all funding's and fees are accurately & timely wired to meet the established closing Service Level Agreements
- Assists attorney with any questions regarding conditions of loan closing Answers questions from borrower, originator, etc. regarding closing requirements
- Review sales contracts, addendums, home owner’s insurance, final inspection, flood certificate, title commitment and other documents pertaining to the closing of the loan
- Preparing mortgage closing documents
- Balance the Closing Disclosure with title’s settlement statements and approve
3
Experience For Mortgage Loan Closer / Wealth Management Resume
- The mortgage loan closer usually has 24 to 48 hours to complete the file and ready it for closing.
- Review title to insure clearance before scheduling
- Collect fees from all parties to prepare closing disclosure and disclose to borrower
- Order wire to be sent to the closing
- Prepare closing documents for execution
- Review executed documents and conditions to authorize funding
- Review sales contracts, addenda, home owner’s insurance, final inspection, flood certificate, title commitment and other documents
4
Experience For Mortgage Loan Closer Senior Resume
- Receive and review loans cleared to close by Underwriters
- Schedule closings with settlement agents
- Update system to reflect funded loan
- Knowledge of Conventional, FHA, VA and USDA mortgage process and documents
- Knowledge of TRID/RESPA guidelines
- General Computer knowledge of Mortgage software and Microsoft Excel
5
Experience For Sc Mortgage Loan Closer Resume
- Calculates initial escrow requirements in the Loan Operating System (LOS) based on the HOI and tax information. Provides escrow amount to settlement companies/attorneys
- Provides Processor(s) with the amount of borrowers’ cash due at closing and determines final approval of Closing Disclosures
- Review sales contracts, addenda, home owner’s insurance, final inspection, flood certificate, title commitment and other documents pertaining to the closing of the loan
- Applies State Farm Bank policies by keeping current on secondary market mortgage underwriting and compliance guidelines
- Provides general mortgage expertise to Residential Lending Management, Mortgage Loan Services, and other State Farm departments
- Responsible to prepare and initiate loan proceeds according to bank and federal requirements
- Schedules, coordinates, prepares, and funds mortgage loan closings
- Reviews all loan documents for completeness, accuracy, and quality
- Maintains relationships and actively promotes State Farm Bank with outside agencies, third-party vendors, agents, Agency Leadership, and other State Farm departments
6
Experience For Residential Mortgage Loan Closer Resume
- Provide subject matter expertise about State Farm Bank mortgage operations to other departments and business partners
- Works closely with third-party vendors
- Advocates the highest levels of customer service and resolves customer concerns appropriately
- Handles and resolves complex customer issues and/or complaints
- Reviews loan documents to ensure proper execution and that complete information, fees and additionally required documentation have been obtained from the customer
- Corrects inaccuracies in documentation as needed
- Performs quality control review of cleared to close files which includes: TILA tolerance review, LE/CD tolerance review, document expirations, address validations, escrow determinations and cash to close review. 40%
7
Experience For Commercial Mortgage Loan Closer Resume
- Prepares and approves both initial and final Closing Disclosures to ensure they are completed correctly, meet TRID timeline requirements, fees are not out of tolerance, and all other closing requirements have been met 10%
- Current mortgage closing experience
- Adapts to changes in the work environment
- Arrives at meetings and appointments on time
- Commits to long hours of work when necessary to reach goals
8
Experience For Mortgage Loan Closer Resume
- Takes independent actions and calculated risks
- Intermediate Skills: Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations
- Closing and/or title experience with FHA/VA/FNMA/FHLMC
- Computer knowledge with Microsoft Excel, and different LOS systems
- Hands-on mortgage closing experience required along with good communication, attention to detail, analytical, computer skills and the ability to work in a fast paced deadline driven environment
- Need to have sound judgment, a consistent sense of urgency, have the ability to think independently as well as collaboratively, be a team player and be a strong problem solver
9
Experience For Senior Mortgage Loan Closer Resume
- Experience with Word, and Excel
- Seeks increased responsibilities
- Coordinate multiple tasks with various parties simultaneously
- Maintain high levels of performance, especially in stressful situations
- Read and comprehend simple instructions, short correspondence, and memos. Ability to write simple correspondence. Ability to effectively present information in one-on-one and small group situations to customers, clients, and other employees of the organization. Ability to read, analyze and interpret legal documents
- Complete understanding of TRID requirements and timelines
- Read and comprehend simple instructions, short correspondence, and memos. Ability to write simple correspondence. Ability to read and interpret documents such as procedure manuals
- General knowledge of Mortgage products and processes
- Some college desirable
List of Typical Skills For a Mortgage Loan Closer Resume
1
Skills For Senior Mortgage Loan Closer Resume
- Experience in closings for multiple states
- Experience in CONV, FHA, VA and USDA guidelines
- Send papers to vendor performing closing (via overnight, hand delivery or electronic methods)
- Knowledge of RESPA and TILA lending regulations
- Monitor files in pipeline and track rate and credit document expiration dates to insure closing deadlines are met
- Verify data integrity of all closing information against documents in file
- Balance final closing figures with title companies and/or attorneys
2
Skills For Junior Mortgage Loan Closer Resume
- Provide closing instruction for internal and external customers
- Review the files for accurate and compliant disclosure history to ensure customer closing is not scheduled or completed unless issues have been resolved
- No specific requirements are needed to satisfactorily perform this job
- Keeps emotions under control
- Remains open to others' ideas and tries new things
- Intermediate Skills: Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts of basic algebra and geometry
- Demonstrates knowledge of closings for multiple states
3
Skills For Mortgage Loan Closer / Wealth Management Resume
- Demonstrates knowledge of CONV, FHA, VA and USDA guidelines
- Knowledge of Ellie Mae Encompass LOS
- This job requires manual dexterity, frequent sitting, the ability to view printed or electronic information and the ability to communicate verbally, in-person or on the telephone
- Experience in the mortgage industry
- Verifies Prior to Document conditions have been signed off
4
Skills For Mortgage Loan Closer Senior Resume
- Review CD’s, LE’s, Disclosure history and identify compliance violations and overtolerances
- Familiarity with documents related to Conventional, FHA, and VA loan products. Perform at a high level in a fast paced, high production, deadline driven work environment while maintaining attention to detail and accuracy
- Assemble data necessary to produce closing documents on conventional, FHA, VA, USDA, MSHDA and portfolio financed loans
- Review title work and ensure accuracy of either first or second lien position as applicable
- Ensure loan is locked with Secondary Market, fees and expiration date in appropriate
- Forwards documents to appropriate title company or settlement agency, and disburse loan
- Ensures file and documents meet all applicable bank and compliance requirements
5
Skills For Sc Mortgage Loan Closer Resume
- Confirms that documents are prepared within established turn times and consistently meet deadlines
- Verifies and inputs loan information accurately into loan origination system
- Verifies the following information is correct, but not limited to: subject property address, wire information, insurance policy information, all fees, & the correct set-up of any impounds
- Collaborates with Settlement Agent to finalize loan fees
- Verify all conditions are satisfied, review terms, agree with the approval, verify accuracy of interest rate and expiration dates, sales contract terms, insurance coverage, title commitment coverage, vesting, and accuracy of legal descriptions within the security instrument
6
Skills For Residential Mortgage Loan Closer Resume
- Prepare the CD and approve final disbursements to the Title Companies
- Run compliance checks for RESPA, TILA, HOEPA and QM compliance
- Communicate with title insurance companies to make decisions on acceptability of encroachments, taxes, easements, endorsements, and assure a clear first lien position is met
- Validate Escrow requirements and balance to specific paid and not paid installments with the Settlement Agent
- Facilitate funding the product upon fulfillment of closing instructions
- Prepare accurate Closing Disclosure according to TRID regulations
7
Skills For Commercial Mortgage Loan Closer Resume
- Work collaboratively with sales & other key stakeholder to correct any post closing issues
- Create and ensure accurate closing instructions to send to settlement
- Balance the Closing Disclosure with attorney or title’s settlement statements and approve
- Close out and extract loan files within 24 hours of funding
- Partner with Post-Closing to quickly resolve all Post-Close errors
- Verifies that borrowers’ and properties’ information is accurately reflected on title commitments and in the Loan Operating System (LOS)
- Provides Processor(s) with the amount of borrowers’ cash due at closing and determines final approval of HUD-1s
- Reviews loan registration confirmations against underwriting approvals for rates, products and terms
- Reviews closing instructions provided by Loan Processor(s) for accuracy and compliance with all federal, state, investor and First Commonwealth guidelines
8
Skills For Mortgage Loan Closer Resume
- Prepares each loan for mortgage closing including final processing via the company’s loan origination system and its closing vendor(s) to complete legal documents such as Mortgage Note, Deed, HUD-1 Settlement Statement, Final Truth-in-Lending and any program or state specific document
- Determines the accuracy of investor and company fees to be collected at closing in order to complete the calculation of the net funding. Determines any fees that need to be credited to the funding amount
- Assists closing agents and internal personnel including underwriters and loan officers regarding questions pertaining to the closing transaction
- Complete understanding of the legal, compliance and Investor requirements of residential mortgage products
- Facilitates the smooth transition of loans from processing to closing by coordinating the with First Commonwealth Mortgage production (i.e. Loan Officers and Loan Processors) staff and settlement companies/attorneys
9
Skills For Senior Mortgage Loan Closer Resume
- Acts as a team lead and promotes effective operations through standardization, simplification and organization
- Reviews Loan Registration Confirmations against Underwriting Approvals for rates, products, and terms
- Reviews closing instructions provided by Loan Processor(s) for accuracy and compliance with all federal, state, investor, and company guidelines
- Requests and reviews preliminary HUD-1 Settlement Statements from settlement companies/attorneys in order to ensure RESPA compliance. Identifies and communicates any required corrections and verifies revisions
- Reviews homeowners’ insurance (HOI) and verifies that coverage(s) are adequate for property and loan types
10
Skills For Junior Mortgage Loan Closer Resume
- Contacts settlement companies/attorneys for preliminary title commitment and tax information
- Calculates initial escrow requirements in the LOS, based on the HOI and tax information. Provides escrow amount to settlement companies/attorneys
- Prepares and electronically delivers closing documents to settlement companies/attorneys then confirms closings occurred as scheduled. Updates loan tracking status
- Registers new mortgage loans in the Mortgage Electronic Registration System (MERS)
- Verifies that closed loan packages are received from settlement companies/attorneys and that all documents are signed and dated. Delivers the package to the Loan Funder/Shipper for final whole loan delivery
- Facilitates the smooth transition of loans from processing to closing by coordinating with First Commonwealth production (ie; Loan Officers, Loan Processors and Loan Underwriters) staff and settlement companies/attorneys
- Collects data and prepares preliminary and final Closing Disclosures for settlement companies/attorneys in order to ensure TRID compliance. Identifies and communicates any required corrections and verifies revisions
- Reviews homeowner’s insurance (HOI) and verifies that coverage(s) are adequate for property and loan types
- Verifies that borrowers’ and properties’ information is accurately reflected on the title commitments and in the loan operation system
List of Typical Responsibilities For a Mortgage Loan Closer Resume
1
Responsibilities For Senior Mortgage Loan Closer Resume
- Review and confirm the accuracy of legal documents and satisfy all approval conditions prior to closing
- Review loans to confirm terms and conditions of loan approval; communicate information with originators, borrowers, closing attorneys and real estate agents
- Coordinate closings with title companies
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