The Closer is responsible for the creation of closing documentation including the initial closing disclosure, change of circumstance closing disclosures and all closing documentation. The Closer is responsible for working with all internal and external stakeholders to ensure on time delivery and accuracy of loan documentation.
The Closer will be responsible for balancing the file with title and escrow companies prior to document delivery.
It is the responsibility of the Closer to ensure all closing disclosures and closing documents comply with regulatory, agency and investor requirements including, but not limited to TRID, state requirements, and loan program requirements. The Closer will work with title and escrow companies to ensure the accuracy of the initial closing disclosure to help minimize tolerance cures. The Closer will prepare and disclose change of circumstance closing disclosures as needed throughout the loan process and will proactively prepare files for anticipated closing dates and review files for accuracy prior to drawing closing documents.
The Closer will balance the file with title and escrow companies to ensure accuracy of the final closing disclosure and wire amount.
During the disclosure and doc drawing processes, the Closer will effectively communicate with all appropriate stakeholders on the loan, will manage their own pipeline and will keep management abreast of issues or concerns that arise. The Closer will assist post closing and the funder as needed for post closing issues that need resolution.
Skills/ Knowledge/ Behaviors
- Communication – written and verbal
- Time management
- Issue resolution
- Knowledge of regulatory, agency and investor requirements