Closing Coordinator

Description

• Coordinate the closing process by ensuring all required documentation is received, reviewed, and prepared for final loan closing.
• Work closely with loan officers, underwriters, closers, and title companies to facilitate smooth and timely loan closings.
• Review closing conditions and confirm that all required documentation meets company and regulatory guidelines.
• Communicate with title and escrow companies to verify closing details, wire instructions, and settlement statements.
• Ensure compliance with applicable federal and state regulations, including TRID and RESPA guidelines.
• Monitor loan closing timelines, proactively addressing any potential delays or outstanding conditions.
• Assist with balancing and disbursing loan funds in accordance with company policies and procedures.
• Maintain accurate records of all closing documentation and ensure timely updates in the loan origination system (LOS).
• Provide status updates to internal and external stakeholders, ensuring transparency throughout the closing process.
• Support process improvements to enhance efficiency and accuracy within the closing department.

Requirements

• 2+ years of experience in mortgage closing, loan coordination, or a related role, preferably in the Non-QM space.
• Strong understanding of Non-QM loan products, mortgage closing procedures, and regulatory requirements.
• Experience working with loan origination systems (LOS) and mortgage document management software.
• Excellent organizational skills with strong attention to detail and accuracy.
• Strong communication skills, with the ability to collaborate effectively with multiple stakeholders.
• Ability to handle multiple tasks and deadlines in a fast-paced environment.
• Problem-solving mindset with the ability to proactively address closing-related issues.
• Ability to work independently and as part of a team to ensure successful loan closings.