Mortgage Loan Closer

Company: Fidelity Bank: Your Iowa Bank
Location: West Des Moines
Posted on: February 25, 2021

Job Description:

Purpose of PositionThe loan closer is responsible for preparing closing documents once all required underwriting conditions have been met and ensuring that all required documents are in the loan file. The closer is responsible for sending the closing figures and documents to the Settlement Agent for Closing Disclosure preparation and completes steps for funding the loan in accordance with underwriting and Bank guidelines. Responsible for delivering completed loan packages to the end investor for purchase and is responsible for ensuring the loan is purchased. Ensures loans are funded and delivered to investors in a timely manner while meeting lock expiration deadlines. The loan closer must ensure that all necessary steps are performed in accordance with investor requirements and applicable law. At least one year of previous experience in the mortgage industry required.Essential Duties and ResponsibilitiesThe following duties are normal for this position. These are not to be construed as exclusive or all inclusive. Other duties may be required and assigned.* Prepares closing documents for submission to Closing company* Reviews and approves Closing Disclosure prior to closing* Request funding on the warehouse line or obtain Cashier's check from Tellers for funding* Process daily funding requests through Warehouse line and LOS* Completes MERS Registration and remits Mortgage Insurance Premiums* Prepares GL Tickets when wires/checks come back from closing company* Uploads closing documents to MortgageBot* Track & Ship Notes to Warehouse* Prepares loan files for delivery to investors* Uploads loan files to investor* Processing incoming wires from investors* Track & Process any loan payments due to Fidelity* Sends Final Title and Recorded Mortgage to Investor

Keywords: Fidelity Bank: Your Iowa Bank, West Des Moines , Mortgage Loan Closer, Other , West Des Moines, Iowa