Role Description
Tier One Funding is hiring a Loan Closing Specialist to support our growth. This role will play an integral role in ensuring that our loan closing policies & procedures are implemented properly. To succeed in this role, you should be driven by delivering an excellent customer experience and be a stickler for details.
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Prepare loan closing documents:
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Ensure that the correct State loan document templates are chosen along with State specific regulatory closing disclosures.
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Audit the completed doc set for accuracy with loan data in system of record.
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Ensure all underwriting conditions have been signed-off.
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Ensure we maintain appropriate lien position and lien perfection:
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Prepare the closing protection letter in accordance with company policy.
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Prepare closing instructions which creates the contractual relationship between T1F and the title company providing protection against various forms of fraud and secures our lien position.
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Review executed loan documents for final compliance with regulatory requirements and accuracy of settlement data:
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Review all loan documents returned from closing agent for completeness and accuracy.
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Review estimated HUD1 to confirm closing date and fees.
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Ensure timely loan closing and that all closing conditions are met:
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Ensure all closing conditions have been satisfied and signed-off.
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Confirm date funds have been disbursed by closing agent to all parties.
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Confirm funding dates and accurately fund loans:
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Create loan funding templates for manager review, verify funding amounts and dates with escrow providers.
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Verify and prepare wire transfer instructions and input funding information into the loan system(s).
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Other duties as assigned:
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Will be tasked with additional responsibilities and projects from time to time as directed by the Closing Manager.
Qualifications
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Higher Education Degree and/or equivalent experience preferred.
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Lending origination compliance, real estate, financial services or audit experience preferred but not required.
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Ability to create and review closing packages - including but not limited to HUD-1, Mortgage or Deed of Trust, Promissory Note, and other final compliance and credit documentation.
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Proficient in Google Suite required (sheets, docs, slides).
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Ability to prioritize workload and manage time.
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Highly analytical with strong attention to detail.
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Self-starter with the ability to work with minimal supervision.
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Ability to adapt quickly to new procedures and systems.
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Exceptional communication and interpersonal skills.
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Ability to work as a dependable teammate in a fast-paced start-up environment.
Benefits
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Competitive cash salary (commensurate with experience).
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Performance-based incentive opportunity.
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Competitive and comprehensive health benefits.
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Remote flexibility.