Loan Closer

The Loan Closer works in the Single Family Programs division. The Loan Closer is responsible for the preparation of closing instructions and performing DC Housing Finance `Agency’s required closing procedures for residential 1st and 2nd trust mortgages.

The statements below describe the general nature and scope of work being performed by this position. This is not a complete listing of all duties and responsibilities and knowledge and qualifications. Other duties maybe assigned.

ESSENTIAL DUTIES & RESPONSIBILITIES QUALIFICATIONS:

• Monitor loan pipeline to ensure timely loan closing for all Single Family Programs
• Performs pre-closing and post-closing functions; including verifying, balancing, and approving closing disclosures
• Manage closing checklists to ensure closing counsel has received all required documents to review and process loan
• Review final Closing Disclosure (CD) provided by lender and title company to ensure compliance
• Upon final approval of loan, prepare and securely transmit closing documents to lender
• Submit loan funding requests to Agency’s Office of Financial Management and confirm funds have been sent for settlement
• Maintain borrower closing files, including monthly Continuing Eligibility Certifications
• Monitor and ensure rate lock and closing purchase deadlines are successfully met
• Coordinate closing dates with lenders and title companies
• Maintain closing calendar and reschedule settlements as needed
• Communicate with lenders regarding loan status, outstanding items, and address any concerns or questions
• Interfaces with internal and external business partners including; underwriters, loan officers, and loan processors
• Coordinate the completion and submission of required forms to overnight agencies and/or third parties
• Provide customer service on all loan packages by responding to email, phone call and voicemail inquiries
• Perform other duties as assigned

KNOWLEDGE AND QUALIFICATIONS:

• High School Diploma or General Educational Development (GED) certificate required
• Minimum of 5-7 years of mortgage related experience
• Minimum of 5-7 years of customer service experience
• General understanding of mortgage concepts, practices, and procedures
• Ability to pay strong attention to details
• Possess excellent organizational skills
• Must possess strong working knowledge of Microsoft Office Suite and 360