Delve into the fundamental qualifications, critical tasks, primary responsibilities, and essential skills that should be highlighted in a detailed Mortgage Closer job description.
What does a Mortgage Closer do?
A mortgage closer, also known as a mortgage loan closer, is a professional who helps finalize mortgage loans by gathering and verifying all necessary paperwork.
Job Description
We are seeking a mortgage closer to manage the entire process of loan closing. This includes preparing closing packages, communicating with all parties involved, and ensuring that all paperwork is complete, accurate, and follows legal regulations.
An ideal candidate for this role would have strong attention to detail, excellent organization skills, and the ability to maintain accurate closing schedules.
Job Duties and Responsibilities
- Prepare and review loan closing packages and paperwork
- Ensure all required documents are accurate and complete
- Handle and resolve any concerns, problems, or issues with documentation
- Serve as a liaison between all parties involved in mortgage loan transactions
- Ensure closing details comply with state and federal regulations
- Coordinate mortgage closing proceedings
- Maintain accurate closing schedules
Requirements and Qualifications
- High school diploma or GED
- Completion of a loan closing certificate program preferred
- At least 1 year of experience in mortgage closing
- Knowledge of different types of loans
- Familiarity with mortgage industry regulations
- Proficient in Microsoft Office and financial software programs
- Excellent communication skills, both verbal and written
- Strong organization and math skills
- Attention to detail is a must
Alternate Job Titles
- Loan Closer
- Mortgage Loan Closing Specialist I
Mortgage Closer Salary
The earning potential of a Mortgage Closer can vary significantly based on factors such as geographic location, industry, professional experience, educational background, and the specific employer. On average, the annual salary for an Mortgage Closer in the United States is approximately $51018.