
US Mortgage Pre-Closing Specialist
2 days ago
The primary responsibility of this role is to review loan packages and create Initial and subsequent Closing Disclosures (CDs).
As a key member of our team, you will ensure the smooth completion of loan packages by coordinating with Title and Settlement agents.
This position requires 3-4 years of experience in preparing Initial and Final closing documents, as well as a solid understanding of Conventional Loans, Closing and Legal Documents, Disclosure Documents, Credit Documents, Insurance Documents, MDIA Disclosure timing and APR rules, and TILA/RESPA LE/CDs/ICDs.
- Requesting fees from settlement agents and performing fee analysis
- Preparing Prelim closing disclosure
- Issuing initial closing disclosures/re-disclosures to clients
- Reviewing flood insurance/flood certifications, title commitment, ownership of deed, loan approval, tax cert, and prelim closing disclosures
- Closely monitoring individual closing pipeline, workload, and volume levels for maximum balance and efficiency
- Reviewing Power of Attorneys (POA)
- Reviewing Cash to close
- Creating closing documents and monitoring required waiting periods
- Requesting preclosing audit prior to Closing
- Delivering final closing documents
- Reviewing final closing documents and clearing to fund
- Ability to understand regulatory requirements and impacts
Key qualifications include a high school diploma or equivalent for US operations and graduation degree for India operations, with 18 months of experience in preparing Initial and Final closing documents.
A strong working knowledge of MS Office tools, Loan Origination Systems, and mortgage concepts, practices, and procedures are also essential for this role.
Required Skills:- Excellent communication skills
- Ability to work effectively with settlement agents
- Strong analytical and problem-solving skills
- Attention to detail and organizational skills
We offer a competitive salary and benefits package, including opportunities for professional growth and development.
Our team provides a dynamic and supportive work environment, with regular feedback and coaching to help you succeed in your role.
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