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.
