Our Loan Closer job description includes the responsibilities, duties, skills, education, qualifications, and experience.
About the Loan Closer role
A Loan Closer is responsible for ensuring the successful completion of loan transactions by coordinating with all parties involved and adhering to all applicable laws and regulations. This includes preparing loan documents, reviewing and verifying that all required information is complete and accurate, and communicating with the lender, borrower, and other parties throughout the closing process.
Role Purpose
The purpose of a Loan Closer is to help facilitate the closing of a loan transaction. This includes preparing the closing documents, ensuring that all necessary parties are present and have signed the documents, and coordinating the disbursement of funds for the loan. The Loan Closer also verifies that all loan documents are in compliance with regulations and that all closing conditions have been met. Additionally, the Loan Closer is responsible for assembling and maintaining confidential loan files.
Loan Closer Summary
The Loan Closer is responsible for the timely and accurate closing of all loan transactions, including mortgage and consumer loan products. The Loan Closer's duties include gathering and verifying closing documents, preparing closing statements, disbursing funds, and coordinating with the customer, attorney, and other related parties. The Loan Closer must have a comprehensive understanding of the loan closing process, legal regulations, and current industry standards. They must also demonstrate exceptional organizational skills and the ability to manage multiple priorities. Excellent communication and customer service skills are essential.
Loan Closer Duties
- Interpret loan documents and coordinate closing process
- Communicate with loan originators, attorneys, and other stakeholders to ensure timely closing
- Manage loan closing paperwork and funding process
- Examine and verify accuracy of documents related to loan closing
- Prepare closing documents and coordinate loan funding
- Assist with post-closing activities
- Resolve loan closing issues and discrepancies
Loan Closer Skills
- Excellent communication skills
- Organizational skills
- Attention to detail
- Proficiency in MS Office Suite
Loan Closer Requirements
- Ability to accurately prepare and review loan documents
- Knowledge of loan regulations and compliance
- Strong interpersonal and customer service skills
- Excellent problem-solving and organizational skills
- Computer proficiency
- Ability to work independently
Personal Traits
- Strong organizational and communication skills
- Ability to work in a fast-paced environment
- Ability to handle multiple tasks and prioritize effectively
- Ability to build relationships with customers
- Ability to work in a team environment