Residential and Consumer Loan Closer

Cambridge, MA 02138 | Contract to Perm

Post Date: 05/03/2018 Job ID: 81050 Specialty: Accounting & Finance

Our client in Cambridge, MA is seeking a Residential and Consumer Loan Closer to join their team. This contract-to-hire role is ideal for anyone with thorough knowledge of residential and consumer loan products, closing documents, policies and procedures. As the Residential and Consumer Loan Closer, you will be responsible for the coordination and preparation of all retail and consumer loans closing. You will also handle customer contact as it pertains to the closing of the loan. This positions pays $25/hr temp and $45K-$50K perm. Apply today!

Responsibilities for the Residential and Consumer Loan Closer:
  • Manage and monitor assigned pipeline for loan closings within compliance, rate lock expiration dates and purchase and sale closing dates
  • Attend meetings to discuss status of loans and actions to be taken
  • Work both independently and as a team with Mortgage Loan Officers, Loan Analysts, Underwriter, Branches, Loan Servicing, Attorneys and Management to ensure a smooth closing process
  • Ensure all compliance requirements are met on every file
  • Communicate Clear to Close and schedule loan closing with attorney and/or branch
  • Ensure proper maintenance of Encompass throughout the closing process
  • Work with Closing Attorney to obtain all fees related to the loan closing 
  • Complete Verification of Employment on borrower(s) with a maximum of 3 days prior to closing
  • Prepare and review closing documents utilizing checklist(s), Title, MLC, and PC Lender and Encompass for accuracy and compliance
  • Review Closing Disclosure for accuracy to complete Final Loan Review process which includes refreshing credit, AUS Findings, 1003 and 1008
  • Assist to cure all post-closing errors and omissions on both investor and portfolio loans
  • Contribute to the effective team management of all bank problems, issues and opportunities
Requirements for the Residential and Consumer Loan Closer:
  • High school education
  • 3-5 years' experience working in a loan processing, closing, servicing or underwriting environment
  • Complete knowledge of mortgage and consumer loan products, preferably CSB products
  • Knowledge of federal and local regulations or ordinances concerning lending activities
  • Knowledge of parameters and requirements of all loan products offered
  • Good analytical skills
  • Strong understanding of secondary market guidelines such as; FNMA, FHLMC and approved Investors
  • Technology savvy with a strong knowledge working with Microsoft Office
  • Strong organizational skills with great attention to detail
  • Strong multi-tasking and prioritizing skills with the ability to meet deadlines
  • Excellent written and verbal communication skills
  • Strong interpersonal skills with a customer service focus
  • Ability to work independently and as part of a team
  • Must be eligible to work in the U.S. without sponsorship                      
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