Mortgage Closer

Mortgage Closer
in Morris Plains, NJ 07950

Job Description

The Mortgage Loan Closer is responsible for closing Conventional, FHA, VA, USDA, State Bond Agency, Non-Conforming purchase and refinance transactions, and second mortgage transactions in various states.

  • Reviews title commitments and invoices; reconciles fees in Encompass.
  • Reviews hazard insurance policy for correct coverage.
  • Reviews the Closing Protection Letter and wire instructions for accuracy; requests revisions if necessary.
  • Requests or follows up for receipt of the Funding Shield Certificate.
  • Prepares initial Closing Disclosure.
  • Ensures that Closing Disclosures are sent before 6:00 p.m. when up against the TRID-required 3-day wait period.  Calls GSM and customer to inform them that the Closing Disclosure was sent.
  • Reconciles Closing Disclosures with Closing Agents.
  • Ensures proper compliance with TRID timelines for delivery of Closing Disclosure.
  • Prepares final closing package for first and/or second mortgage transactions.
  • Reviews closing documents/packages for complete accuracy.
  • Ensures all wire requests are fully completed, accurate and given to Accounting prior to their cutoff.
  • Responsible for daily management of pipeline of loan closings, prioritizing based on scheduled closing date.
  • Monitors pipeline daily for compliance-related variance alerts and warnings, and addresses and/or clears all alerts and warnings prior to loan closing.
  • Must return phone calls the day received -- "Sundown Rule".
  • Makes "welcome call" to settlement agent; confirms closing dates and timelines for closing.
  • Makes any phone calls to obtain title, surveys or hazard insurance missing from file.
  • Provides closing package to Team Leader for final review.
  • Confirms all closings and updates Encompass 24 hours after closing.
  • Assists with Closing Hotline coverage.
  • Ensures that a verbal verification of employment (VVOE) is in every loan before it closes, and that the VVOE is completed no more than 10 days prior to closing.
  • Addresses and clears all post-closing and Quality Control exceptions within the timelines established by those departments.

Job Requirements


Education, Certification, and License Requirements

  • High school diploma or GED
  • Associate's or Bachelor's degree preferred


  • Five (5) or more years of mortgage banking closing experience preferred

Knowledge, Skills, and Abilities

  • Thorough understanding of TRID regulations, federal and state regulations and company closing policies and procedures
  • Solid knowledge of and practical experience with applicable technology tools including, but not limited to Encompass and Microsoft Office suite of products
  • Ability to handle confidential material in a professional, highly ethical manner
  • Time management and organization skills to effectively prioritize multiple objectives and achieve volume goals
  • Good verbal and written communication skills are essential; proficient at one-on-one contact in person and via telephone
  • Ability to interact effectively with all levels of employees throughout the Company
  • Strong analytical ability
  • Strong attention to detail
  • Knowledge and ability to use typical office equipment (PC, calculator, fax machine, etc.)
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All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.