
Mortgage Lifecycle Expert
5 days ago
Overview:
The Loan Lifecycle Specialist is a critical role responsible for ensuring the accuracy and compliance of final loan documents. This specialist works closely with settlement agents to facilitate a smooth closing process.
Key Responsibilities:
- Document Review & Data Input: Meticulously review all pre-closing documents and input accurate data into the closing system.
- Fee Calculation and Verification: Accurately calculate, review, and verify all loan-related fees, ensuring they align with the Loan Estimate, lender policies, and regulatory guidelines.
- Condition Clearing: Proactively work to clear any remaining conditions required for the final closing disclosure and funding.
- Signature Document Review: Review all documents requiring signatures for accuracy and proper preparation.
- Wire Calculation: Accurately calculate final wire amounts for funding.
- Final Closing Disclosure (CD) Balancing: Balance the final Closing Disclosure to ensure all figures are correct and compliant with TRID regulations.
- Document Preparation & Delivery: Prepare and send all necessary closing documents, the final Closing Disclosure, and signature-required documents to the settlement agent.
- Funding Submission: Submit the complete and accurate file to the funding department for final disbursement.
- Compliance & Regulatory Adherence: Strictly adhere to relevant laws, regulations, and industry standards.
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