Residential Loan Closing Specialist

International Finance Bank•Miami, FL

9d•Hybrid

About The Position

Residential Loan Closing Specialist is responsible for coordinating the final stages of the loan process, verifying that all required documents are in place, and ensuring that regulatory guidelines are adhered to. By facilitating smooth closings, the specialist ensures timely disbursement of funds, resolves any last-minute issues, and provides exceptional service to both internal teams and borrowers.

Requirements

Technical Studies
High school diploma or equivalent, college degree (Associate's or Bachelor's - Not necessary)
TRID Training
2-3 Years
English and Spanish (preferred)
Proficient in Excel, Word, Outlook and Encompass Loan Origination. Must have advanced knowledge in Encompass.
Knowledge of CEMA (Consolidation, Extension, and Modification Agreement) transactions in the State of New York.
Strong written, verbal and organizational skills with ability to multi-task and strong attention to detail.
Over 2-years in the mortgage industry as a residential closer with TRID and non-TRID experience.

Responsibilities

Assists in developing strategies to streamline the residential loan closing process, reducing delays and increasing efficiency. (May assist in order title, survey, insurances and any additional required documentation to property generate a closing package and ensure all regulatory timing is met based on TRID requirement
Coordinate and schedule loan closing dates with all parties involved, including borrowers, title companies, loan officers, and real estate agents.
Communicates with borrowers, loan officers, loan processors, underwriters, title companies, and real estate agents to ensure timely and accurate closings.
Verifies that all closing costs, taxes, insurance, and other fees are correctly calculated and accurate in the system before funds are disbursed for closing.
Assembles complete loan closing packages, including all relevant legal, regulatory, and loan documents, including the booking and funding documentation.
Conducts quality control checks to confirm that all closing documentation is prepared correctly and that any necessary corrections are made.
Updates Encompass milestones accordingly throughout the closing process up to the Completion milestone once all post-closing documentation has been received and reviewed.
Manages post-closing processes, including ensuring that all documents are properly recorded with relevant local authorities (e.g., deeds, mortgages). Updates the Encompass Collateral Tracking section with all required information.
Serves as the second reviewer/QC for the initial data entry input of fees conducted by the Residential Loan Processor and/or Loan Opener. (QC review to ensure all APR/Non-APR fees are entered in the accurate sections.)
Reviews HMDA and FHLB data entry screens prior to loan closing.
Reviews Mavent Compliance Audit Report results thoroughly and cures any deficiencies noted on the report to ensure there are no regulatory compliance fails throughout the closing process through booking.
Completes the closer checklist ensuring all compliance regulatory information are met and uploads into the Encompass e-folder for future auditing purposes.
New York closings - Maintains up-to-date with all closing requirements based on New York State laws including CEMA (Consolidation, Extension, and Modification Agreement) transactions.
Other duties: Perform other duties as assigned by leaders.