
Lead US Mortgage Pre-Closing Coordinator
1 day ago
The role of a US Mortgage Pre-Closing Specialist entails reviewing loan packages and creating Initial and subsequent Closing Disclosures.
Key Responsibilities:
- Coordinate with title agents to ensure on-time closing.
- Verify data in the CD.
- Analyze fees from settlement agents.
- Prepare Preliminary closing disclosure.
- Issue initial closing disclosures/re-disclosures to clients.
- Possess detailed knowledge of conventional loans, legal documents, credit documents, insurance documents, MDIA Disclosure timing, APR rules, and TILA/RESPA LE/CDs/ICDs.
- Review flood insurance, flood certifications, title commitments, ownership deeds, loan approvals, tax certifications, and preliminary closing disclosures.
- Monitor individual closing pipelines, workloads, and volume levels for maximum efficiency.
- Review Power of Attorneys.
- Verify cash-to-close amounts.
- Create closing documents and monitor waiting periods.
- Request preclosing audits prior to closing.
- Deliver final closing documents.
- Verify final closing documents and clear for funding.
- Understand regulatory requirements and impacts.
- Have a medium-high level of familiarity with standard concepts, practices, and procedures within a specific field.
- Review and prepare disclosures, including Loan Estimates and Closing Disclosures.
- Ensure disbursements occur and loans move to post-close status.
- Effectively communicate with settlement agents.
- Verify accuracy of signed closing packages.
- Authorize funding for title/escrow agents.
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