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Jobs in Philippines   »   Jobs in Mandaue City   »   Closing Agents
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Closing Agents

Staffwiz Inc.

Job Description: We are seeking a detail-oriented and experienced Closing Agent to join our team. As a Closing Agent, you will be responsible for ensuring a smooth and efficient closing process for our clients' mortgage transactions. The ideal candidate will have a strong understanding of mortgage lending, excellent communication skills, and the ability to manage multiple tasks with precision.

Qualifications:

  • Proven experience as a Closing Agent in the mortgage industry (At least 8 months).
  • Strong knowledge of mortgage lending regulations and documentation.
  • Excellent communication and interpersonal skills.
  • Detail-oriented with the ability to manage multiple tasks efficiently.
  • Familiarity with industry software and tools.
  • Ability to work collaboratively in a team environment.

Responsibilities:

•                 Validate Scheduling Notes in LOS and keep the title co notified about closing date/location/time.

•                 Review Loan Officer comments in LOS for specific instructions.

•                 Check if Rate lock and Loan Approval Date is valid.

•                 Review if Initial CD is disclosed.

•                 Check if the Early Close date is on or before closing date.

•                 Check if Borrower is current on his Mortgage Payments

•                 Validate Borrower/Co-borrower and NBS requirement.

•                 Update Vesting information as per Unsigned Deed and/or Clear to Close document.

•                 Validate Property Address on all the supporting documents.

•                 Review Appraisal for Occupancy Type, Property Type to match LOS.

•                 Validate Recession Date, Disbursement Date & First Payment Date base on Closing Date

•                 Set-up Escrow in LOS by validating Tax Certificate, VOM, Net online.

•                 Set-up Hazard Insurance based on Active Insurance Policy and the Servicing website.

•                 Pull Payoff if escrows are disbursed after last Payoff pulled date and update on LOS.


 

•                 Update Title Fees and Payee Names on LOS from Title Fee Sheet at CI stage and from Draft CD at Collaboration stage.

•                 Update TRID - Refinance Payoff and Escrow Credit Transfer as per Latest Payoff

•                 Update TRID Contacts (Settlement Agent / Lender) in LOS

•                 Review and cure Tolerance as applicable.

•                 Review and update Highest Lender Credit honored as per LE and CD

•                 Run FHA Refinance authorization – Only on FHA Loans

•                 Review loan amount per guidelines and for any correction request U/W for re-final approval.

•                 Cash to Close to be setup based on loan product / sales notes.

•                 Run Automated Compliance Review

•                 Print and Validate documents for accuracy.

•                 Print and Post Closing Instruction into Title Co website.

•                 Update & complete all prior to CI Tracking Conditions

•                 Responsible for moving the file into Closing Instructions

•                 Validate Title Draft CD for final CD collaboration.

•                 Print and validate final docs for accuracy.

•                 Print and post final package on Title Co website.

•                 Update & complete all prior to Documents Out to Closing Tracking Conditions

•                 Responsible for moving the file into Documents Out to Closing milestone.

•                 Any deficiencies in loan post docs out must be addressed and revised docs are sent to title co.

•                 Communicate with title co about new docs and hold the responsibility until the loan gets closed with new docs.

 

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