
US Mortgage Pre-Closing Specialist
2 weeks ago
This role is perfect for individuals with a passion for mortgage concepts, practices, and procedures. The successful candidate will have excellent communication skills and be able to work independently as part of a team.
Key Responsibilities:- Request fees from settlement agents and perform thorough fee analysis.
- Prepare preliminary closing disclosures.
- Issue initial closing disclosures and re-disclosures to clients.
- possess in-depth knowledge 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.
- Review flood insurance/flood certifications, title commitment, ownership of deed, loan approval, tax cert, and preliminary closing disclosures.
- Closely monitor individual closing pipeline, workload, and volume levels for maximum balance and efficiency.
- Review Power of Attorneys (POAs).
- 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.
The ideal candidate will possess strong analytical skills and the ability to understand regulatory requirements and their impacts.
Requirements:- High school diploma or equivalent for US operations and graduation degree for India operations.
- 18 months of experience in preparing Initial and Final closing documents.
- Knowledge of commonly used mortgage concepts, practices, procedures, and Fannie Freddie guidelines.
- Working knowledge with any Loan origination systems.
- Basic knowledge to work on MS office tools.
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