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20-0018 Loan Closer

Company: VRM Mortgage Services
Location: Carrollton
Posted on: November 23, 2020

Job Description:

Job Summary The Loan Closer is responsible for the creation of closing documentation including the initial closing disclosure, change of circumstance, final closing disclosures, and all closing documentation. LD accountability includes but not limited to working with all internal and external stakeholders to ensure on time delivery, accuracy of loan documentation and, balancing the file with title and escrow companies prior to document delivery. Position is 100% hourly base wage only. Knowledge and compliance with state and federal guidelines are required. Essential Functions/Performance Dimensions and Tasks The essential functions of the position include, but are not limited to and may fluctuate depending upon department in terms of percent of time and tasks: Loan Closer Ensure all closing disclosures and closing documents comply with regulatory requirements including, but not limited to TRID, state requirements, and loan program requirements. Work with title and escrow companies to ensure the accuracy of the closing disclosure to help eliminate tolerance cures. Prepare and disclose change of circumstance closing disclosures as needed throughout the loan process. Prepare files for anticipated closing dates and review files for accuracy prior to drawing closing documents. Balance the file with title and escrow companies to ensure accuracy of the final closing disclosure and wire amount. During the disclosure and doc drawing processes, effectively communicate with all appropriate stakeholders on the loan. Manage their own pipeline and keep management abreast of issues or concerns that arise. Review loan package for required documentation. Ensure loan package meets compliance guidelines and fix discrepancies as necessary. Input and confirm data required to generate closing documents. Generate, review, and approve the Closing Package & CD. Calculate funding amount for each loan package, balance figures with closing agent, releases wire and funds loan. Prepare final closing package and file for servicing Completes work within established closing deadlines. Required Skills and Experience High school diploma or equivalent required; 4-year college degree preferred. 2-3 years of mortgage-related experience. Knowledge and experience of VA loan documentation. Detailed oriented, organized and work efficiently under pressure. Excellent interpersonal, written and oral communication skills. Familiar with reading and interpreting insurance policies, tax information, prelims, appraisals and settlement statements. Knowledge of CFPB and RESPA disclosure requirements. Strong people skills and must enjoy working with customers. Ability to work in a fast-paced environment. 2-3 years--- loan funding experience required. Ability to think critically and work both independently and a part of a team Demonstrate an OUTSTANDING level of customer service skills. In-depth understanding of lending rules and regulations Proficient in computer application, including LOS, Email, Word, Excel, Adobe and PowerPoint Knowledge of Calyx is a plus. 2-3 years experience in preparing and balancing the closing disclosure in an accurate and timely manner 2-3 years experience in generating closing documents in an accurate and timely manner KSAO---s: Required Knowledge: Knowledge of principles and processes for providing customer service; requires knowledge of consumer loan documentation, consumer loan compliance regulations, federal and state guidelines, customer and personal service; TRID. Essential Skills: Speaking: Talking to others to convey information effectively; Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times; Active Learning: Understanding the implications of new information for both current and future problem solving and decision making; Attention to Detail: accomplishes task by considering all areas involved, no matter how small; showing concern for all aspects of the job; accurately checking processes and tasks; Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems; Reading Comprehension : Understanding written sentences and paragraphs in work related documents. Judgment and Decision Making: Considering the relative costs and benefits of potential actions to choose the most appropriate one. Conflict Resolution : Using verbal and nonverbal communication skills to successfully resolve conflicts; Problem Solving: Identifying and working through details of a problem to develop and evaluate options and implement solutions; Monitoring: Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action; Negotiation: Bringing others together and trying to reconcile differences; Service Orientation: Actively looking for ways to help people; Time Management: Managing one's own time and the time of others. Essential Abilities: Oral Expression: ability to communicate information and ideas in speaking so others will understand; Oral Comprehension: ability to listen to and understand information and ideas presented through spoken words and sentences; Speech Recognition: ability to identify and understand the speech of another person; Speech Clarity: ability to speak clearly so others can understand; Written Comprehension: ability to read and understand information and ideas presented in writing; Written Expression: ability to communicate information and ideas in writing so others will understand; Inductive Reasoning: the ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events); Deductive Reasoning: ability to apply general rules to specific problems to produce answers that make sense; Problem Sensitivity: ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem; Social Perceptiveness: Being aware of others' reactions and understanding why they react as they do. Job Context: Majority of work will be performed indoors in an environmentally controlled setting; business casual; frequent contact with others via e-mail, telephone, face-to-face, letters and memos; daily decisions which have high impact on co-workers and company results; high level of autonomy within highly structured process flows; may work beyond 40 hours per week. Vendor Resource Management makes reasonable accommodation to the known physical or mental limitations of an otherwise qualified individual with a disability who is an employee or applicant for employment unless the accommodation would impose undue hardship on the operation of the business in accordance with applicable law. If you require an accommodation in the application process, please call (972) 232-6365 or email: accommodationsvrmco.com. EEO/AA/M/W/Veterans/Individuals with Disabilities _________________________________________________________________________ Notice to Prospective Employees of Vendor Resource Management, Inc. who are California Residents Vendor Resources Management, Inc. dba VRM Mortgage Services respects the privacy of our employees and prospective employees. You can read about our information collection practices including the categories of information we collect from you and how we use that information in our privacy policy located at https://www.vrmco.com/privacy-policy/ . If you have any questions please contact the CCPA Team at CCPAvrmco.com or (888) 419-2272. Job Requirements: Loan Closer Ensure all closing disclosures and closing documents comply with regulatory requirements including, but not limited to TRID, state requirements, and loan program requirements. Work with title and escrow companies to ensure the accuracy of the closing disclosure to help eliminate tolerance cures. Prepare and disclose change of circumstance closing disclosures as needed throughout the loan process. Prepare files for anticipated closing dates and review files for accuracy prior to drawing closing documents. Balance the file with title and escrow companies to ensure accuracy of the final closing disclosure and wire amount. During the disclosure and doc drawing processes, effectively communicate with all appropriate stakeholders on the loan. Manage their own pipeline and keep management abreast of issues or concerns that arise. Review loan package for required documentation. Ensure loan package meets compliance guidelines and fix discrepancies as necessary. Input and confirm data required to generate closing documents. Generate, review, and approve the Closing Package & CD. Calculate funding amount for each loan package, balance figures with closing agent, releases wire and funds loan. Prepare final closing package and file for servicing Completes work within established closing deadlines.

Keywords: VRM Mortgage Services, Carrollton , 20-0018 Loan Closer, Other , Carrollton, Texas

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