Loan Closer

Loan Closer 

Department: Operations 
Team: Closing 
Salary: $60,000

What Sets Us Apart 

At UMortgage, we have a customer-centric, service-based approach. We primarily focus on home purchases, providing an emphasis on consumer education, real estate agent relationships, and a personalized experience for home buyers. Our goal is to empower our team members to provide a best-in-class experience at all times while prioritizing long-lasting relationships. 

What We Need 

UMortgage is on the hunt for a communicative and team-oriented Loan Closer! The Loan Closer will assume ownership of loans assigned to them upon receipt of a Clear-to-Close designation to ensure a timely and efficient closing. The ideal candidate for this role will have a meticulous attention to detail, experience within a mortgage operations role with a proven track record of success in a high-volume environment. Are you a communicative and organized team member looking for a unique opportunity to grow your career? Apply now! 

What You’ll Do 

• Embrace and embody our company’s core values and consumer-centric model to provide superb customer service throughout the loan process. 

• Coordinate and prepare preliminary title prep documents to begin balancing final fee figures with the title company. 

• Review loan files and documents for accuracy and completeness, ensuring they meet regulatory and internal requirements. 

• Collaborate and proactively communicate with internal and external parties involved in the Closing process to resolve outstanding issues or discrepancies in the loan process. Parties incude: 

• Internal: Loan Originators, Loan Processors, Post-Closers, Team Leaders, Lock Desk, and additional Operations team members 

• External: Underwriters, real estate agents, borrowers, Title companies, attorneys, HOI agents, and escrow agents 

• Ensure that all loans are closed in compliance with federal, state, and local regulations, as well as investor and agency guidelines. 

• Stay up-to-date with industry and regulatory changes that may impact the closing process. 

• Coordinate the disbursement of funds for the loan, ensuring that funds are requested in a timely manner from the funding department. 

• Verify that all closing costs and fees are accurately reflected on the Closing Disclosure and are in line with what was originally disclosed. 

• Conduct a final quality control review to verify that all documents are signed and executed correctly. 

• Confirm and review that the Verbal Verification of Employment (VVOE) has been completed for loans before their scheduled closing date. 

• Ensure a complete closing package is sent to the settlement agent 24-48 hours in advance of closing. 

• Review important expiration dates, and ensure lock is valid through funding date. 

• Ensure proper vesting is verified for Deed Preparation. 

• Review Cash-to-Close with LO to confirm with the borrower. 

• Track and maintain individual pipeline to ensure accuracy and no closings are missed. 

• Assist and coordinate with UMortgage’s post-closing department on correspondent loans to set up funding and post-closing compliance. 

• Update Arive (LOS) with necessary status dates and any/all documentation required. 

• Additional responsibilities related to business needs. 

What You Need 

• Bachelor’s degree or related experience required. 
• Current experience in a closer role in a broker environment
• Must have current experience working with UWM
• 5+ years of experience in a mortgage role, preferably within Closing. 
• Proficiency in mortgage lending regulations, especially those related to closing and disclosure requirements (e.g. TRID). 
• Strong analytical and problem-solving skills. 
• Strong attention to detail and time management skills. 
• Team-oriented, adaptable, and accountable mentality. 
• Excellent customer service and written communication skills. 
• Excellent organizational and follow-up skills. 
• Ability to multitask and prioritize projects with multiple deadlines. 
• Experience with multiple lender platforms and TPO Portals (UWM and HPF are a plus). 
• Experience in the Broker Channel and Non-Delegated/Correspondent Channel is ideal. 
• Experience working with Loan Originators, Processors, Title Companies, and Settlement Agents. 
• Professional demeanor, including maintaining confidentiality and ethical conduct. 

What You’ll Love at UMortgage 

• Health benefits 
• Dental Benefits 
• Vision Benefits 
• FSA/HSA accounts 
• 401k/ Roth IRA 
• 17 Days of PTO, 7 Federal Holidays and 2 Floating Holidays
• Working with one of the top 100 fastest growing companies in America, ranked #88 on the Inc. 5000 list for 2024 
• Working with teams and offices across the US 
• Our “Get Better Everyday” Culture 
• Team Member Ownership options 
• Accelerated Career Growth