Cd Exchange Jobs (NOW HIRING)

Rate is one of the nation's top retail mortgage lenders, delivering a seamless, tech-driven experience that helps customers reach their homeownership and financial goals. Founded in 2000 and based in Chicago, Rate is licensed in all 50 states and D.C. and has helped over 2 million homeowners with a wide range of loan products, competitive rates and personalized service. With 5,000+ employees across 300+ offices and 12+ subsidiaries, Rate's Loan Officers rank among the best in the country. From purchases and refinances to tapping into equity, Rate makes financing faster, simpler and less stressful. Our technology - including Same Day Mortgage, the Rate App, FlashClose, MyAccount and the Language Access Program - has earned recognition from HousingWire, Scotsman Guide, NerdWallet, the Chicago Tribune and Crain's Chicago Business. Learn more at rate.com.

Job Profile:

Closing Coordinator

Job Description Summary:

We are committed to providing a competitive and equitable total rewards package. The compensation for this role is designed to attract, retain, and motivate top talent.
The expected base salary range for this position is Minimum Amount] to Maximum Amount] annually/hourly

Job Description:

The Closing Coordinator position was created to assist the Loan Coordinator in the preparation of each file for closing in tandem with the Loan Coordinator's efforts in obtaining the CTC. The Closing Coordinator, with the guidance of the LC, will work with internal departments as well as third parties in ensuring the accuracy and completion of all file documentation and information to ensure a problem free and timely submission to closing. The Loan Coordinator will also facilitate and confirm the closing date and time with all parties.

Essential Duties and Responsibilities

• The Closing Coordinator will complete the following tasks on each file:

Essential Duties and Responsibilities

• Upon Initial Approval/Underwriting Submission:
• Review the approval and coordinate with LC regarding any Funding or At Close conditions
• Review existing file documentation and request further documentation or corrections as necessary to ensure complete, accurate and matching documentation:
• Insurance
• Title
• Wire Instructions
• Closing Protection Letter
• Payoff (for refinances)
• Appraisal
• Begin and track collaboration with settlement agent within CD Exchange
• Submit for insurance review once documentation is complete and accurate
• Ensure completion of all necessary parties in the Encompass tracking screen for CD creation and fraud review
• Begin completion of Closing Checklist

Essential Duties and Responsibilities

• CD Process:
• Ensure CD collaboration with settlement agent is complete
• Ensure all previous Loan Estimates are properly labeled and filed correctly in the eFolder
• Provide preliminary fees to ensure accurate initial closing disclosure
• Ensure accurate completion of all borrower fees paying close attention to those POC and the accuracy of the LE
• Ensure accuracy of closing and funding date
• Completion of closing transmittal
• Submission to CD desk
• Follow-up on borrower receipt and signature

Essential Duties and Responsibilities

• Submission to Closing Upon CTC
• Schedule and confirm closing with all parties
• Ensure Closing Checklist is complete and accurate
• Complete final CT and obtain VPO approval
• Submit to closing
• Address any issues from closing facilitator

Essential Duties and Responsibilities

• Additionally, the Closing Coordinator will monitor the pipeline and track all upcoming closing dates in a proactive way
• Training & Performance Management
• Platform Basics for LCs
• New hire training as necessary
• Insurance Fundamentals
• Title Fundamentals
• TRID: Processing
• Continuing Education

Skills and Competencies

• The Closing Coordinator will remain up to date on all relevant trainings, updates to investor insurance requirements, and internal communications which affect both Sales and Operations.

Additional Job Description Summary:

Rate is an Equal Opportunity Employer that welcomes and encourages all applicants to apply regardless of age, race, sex, religion, color, national origin, disability, veteran status, sexual orientation, gender identity and/or expression, marital or parental status, ancestry, citizenship status, pregnancy or other reason protected by law.

The company offers a comprehensive benefits program to eligible employees, including eligibility to participate in a company-sponsored 401(k); vacation benefits; eligibility for medical, dental, vision, and prescription drug benefits; flexible benefits (e.g., healthcare and/or dependent day care flexible spending accounts); life insurance and death benefits; critical care insurance; personal accidental insurance; commuter benefits; pet insurance; certain time off and leave of absence benefits; well-being benefits (e.g., employee assistance program); and other supplemental benefits (e.g. legal planning assistance; identity theft protection; pet insurance; wellness resources).

Please click this link to learn more about our benefit offerings for Washington State: Benefit Offerings for Washington State