Closer (Northeast)
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Job Summary
Description
Position at loanDepot
Position Summary:
Responsible for coordinating all the steps of the loan closing and funding process and for managing a pipeline of more complex and larger volume of loans. Ensures the performance of all duties in accordance with the companys policies and procedures all U.S. state and federal laws and regulations wherein the company operates.
Responsibilities:
- Responsible for a pipeline of complex loans and a large volume of loans; prioritizing loans in a timely and efficient manner and preparing CD by following established loanDepot procedures as published in YODA.
- Ensures loans are handled efficiently independently and with minimal error.
- Provide support to Closers and other team members by providing mentorship assisting with problem solving and helping with escalated issues.
- Collaborates with title/escrow companies to balance fees routes Mock CDs to appropriate parties and issues CD to borrowers upon approval.
- Follows established procedures and meets turn times in SLA ensuring collaboration with title and quality/accuracy of all documents; escalates issues as necessary. Communicates changes effectively and regularly with teammates and management.
- Prepares documents by following established procedures published in YODA for both Wet and Dry funding states.
- Promptly replies to emails stays updated on all process/system changes and ensures CDs or document packages have been sent daily adheres to fluctuating CD processing minimums as set by management.
- Ensures files and documents meet company investor and compliance requirements; confirms that documents are drawn within posted turn times and consistently meet deadlines.
- Verifies several aspects of the documentation and process including but not limited to: property addresses wire information for funding information on insurance policies all fees impound and MI. Ensure documents correspond to the correct program and investor.
- Coordinates and communicates with processing and underwriting department for correcting and completing the files.
- Develops in-depth knowledge of entire loan life cycle in order to fully understand implication of the work of the closing function; proficient with the document management system.
- Accurately files documents and information in the system and ensures all information is complete and accurate. Uses checklists and other job aides as necessary to accurately complete all required information.
- Confirms verifies and orders funding wire ensuring timely disbursement; reviews fully executed closing documents for disbursement authorization; follows established procedures for both Wet and Dry states.
- Performs other duties and projects as assigned.
Requirements:
- High School degree or equivalent required
- Minimum of five (5) year of related work experience and/or training preferred
- Experience in the Mortgage industry preferred
Why work for #teamloanDepot:
- Aggressive compensation package based on experience and skill set.
- Inclusive diverse and collaborative culture where people from all backgrounds can thrive.
- Work with other passionate purposeful and customer-centric people.
- Extensive internal growth and professional development opportunities including tuition reimbursement.
- Comprehensive benefits package including Medical/Dental/Vision.
- Wellness program to support both mental and physical health.
- Generous paid time off for both exempt and non-exempt positions.
About loanDepot:
loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010 loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier faster and less stressful to purchase or refinance a home. Today as the nations second largest non-bank retail mortgage lender loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of lifes most complex transactions. With headquarters in Southern California and offices nationwide loanDepot is committed to serving the communities in which its team lives and works through a variety of local regional and national philanthropic efforts.
Base pay is one part of our total compensation package and is determined within a range. This provides the opportunity to progress as you grow and develop within a role. The base pay for this role is between $20.67 and $36.30/hr. Your base pay will depend on multiple individualized factors including your job-related knowledge/skills qualifications experience and market location.
We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race religion color national origin gender sexual orientation age marital status veteran status or disability status.
About Company
Apply for your mortgage or refinance online with loanDepot. Trust the second largest non-bank lender in the country to provide you with quality mortgage lending and refinance services in all 50 states.
