Point Mortgage

Job Purpose:

The closer will have an extensive knowledge of mortgage loan products, loan documents, loan funding requirements and escrow/ title practices, as well as regulatory compliance laws as they apply to mortgage lending transactions to deliver quality execution of closing loan documents. The closer will assist in managing file flow and be an advocate from CTC Finished through Loan Documents Completed milestones.

Duties & Responsibilities:

• Manage and monitor loans cleared for closing in Loan Documents Pipeline in Encompass.
• Review and ensure the accuracy and timeliness of delivery of loan documents.
• Ensure data integrity by reviewing loan data in Encompass, Final AUS & UW Approval, 1008 & 1003.
• Verify lock information, pricing, and final doc order form are accurate and consistent.
• Verify title report is not expired through funding.
• Review loan for compliance with RESPA, RESPA tolerance, LE/CD.
• Review, balance and draft initial and final CDs; ability to coordinate with settlement agent regarding balancing of fees for closing.
• Review and confirm borrower and property information are accurate and consistent with Encompass, appraisal report, purchase contract, and title policy.
• Review and complete loan doc audit prior to release of closing loan documents to escrow and notary.
• Ability to cross train within Closing Department to fulfill funding duties on an as need basis.
• Assist with logging executed closing loan documents received on an as need basis.
• Performs other duties as assigned, including assisting other team members and management as needed.
• Maintain a high degree of confidentiality.
• Maintain consistent and satisfactory attendance per department needs and capacity.

Position Requirements:

• At least 3+ years current experience as Doc Drawer and / or Funder.
• Knowledge of Fannie Mae, Freddie Mac, FHA/VA loan process and standard guidelines, escrow/title practices, as well as regulatory compliance as they apply to mortgage transactions.
• Proficient with mortgage operating systems, preferably Encompass.
• Experience with Paperless and E-Documents.
• Ability to multi task and shift priorities, as well as prioritize with a sense of urgency.