
Unlock Your Career as a Mortgage Pre-Closing Specialist
2 days ago
Job Title:
Mortgage Pre-Closing Specialist
Job DescriptionThe Mortgage Pre-Closing Specialist plays a pivotal role in the mortgage process, responsible for reviewing loan packages and creating Initial and subsequent Closing Disclosures (CDs). They collaborate with title and settlement agents to ensure timely closing and accuracy of data in the CD.
Key Responsibilities:
- Request fees from settlement agent and perform fee analysis
- Prepare Preliminary closing disclosure.
- Issue initial closing disclosures/re-disclosures to clients
- Review flood insurance/flood certifications, title commitment, ownership of deed, loan approval, tax certification, and preliminary closing disclosures
- Closely monitor individual closing pipeline, workload, and volume levels for maximum balance and efficiency.
- Review Power of Attorneys (POA)
- Review Cash to close
- Create closing documents and monitor required waiting periods
- Request pre-closing audit prior to Closing
- Deliver final closing documents
- Review final closing documents and clear to fund.
- Ability to understand regulatory requirements and impacts.
Requirements and Qualifications
Requires 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. Should have knowledge of commonly used mortgage concepts, practices, procedures, and Fannie Freddie guidelines to complete tasks. Should possess working knowledge with any Loan Origination systems and basic knowledge to work on MS Office tools. Relies on limited experience and judgment to plan and accomplish goals.
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