Mortgage Loan Closer

Location:

The Mortgage Loan Closer is responsible for viewing loan approval conditions, insurance policies, title commitments, surveys, sales contracts, and all other related documentation to ensure that the loan will be closed in accordance with all legal requirements and investor guidelines.  Authorizing closing of loan, recording of mortgage and disbursement of loan funds.  Communicate with Loan Officers, Regional Sales Managers, clients and title companies to coordinate a smooth closing. Possess the ability to close an array of mortgage loan types while providing excellent internal and external customer service.  Must have a complete knowledge of all loan types and documents including but not limited to Conventional, FHA, VA, USDA, and New Construction. Must demonstrate solid knowledge of the industry in terms of laws and regulations. 

• Verify that Title is free of extraneous liens, Ensure proper vesting and legal description, Adequate Homeowners Insurance is provided, Verify CPL, Verify Flood Certs, Verify Taxes
• Monitor and maintain a pipeline to anticipate estimated closing date.
• Competently review loan files to insure all conditions are cleared and file is ready to close
• Entry of loan data into the origination system to produce closing documents.
• Review and ensure the loan closing package is accurate, complete and documents meet all applicable agency and investor requirements.
• Responsible for efficiently and effectively communicating with all parties involved in the transaction
• Ensure receipt and review of Subordination Agreements as required in the Loan Approval.
• Track and support information, ensuring the highest quality in loan document preparation and timely submission of loan packaging to the settlement agents. 
• Coordinate with Settlement Agent to obtain HUD-1/Closing Disclosure.  Review HUD/Closing Disclosure for compliance with closing instructions and balance the HUD-1/Closing Disclosure.
• Verification that all requirements of the loan process have been met prior to wire of funds
• Keeps information accessible by sorting, organizing, and filing documents
• Perform other job duties and assist with other office assignments when needed within the mortgage department

• High school diploma or equivalent work experience required
• Minimum of 2+ years residential mortgage loan closing experience strongly preferred
• Working knowledge of FHA, VA and conventional guidelines for mortgage loan origination strongly preferred
• Working knowledge of various regulatory guidelines (e.g., Truth-in-Lending, HMDA, RESPA, etc.) preferred
• Ability to work in paperless system environment
• Excellent written and verbal communication skills
• Strong attention to detail with effective time management/organizational skills.
• Ability to prioritize and meet deadlines
• Ability to handle multiple tasks under tight time constraints with high volume
• Must demonstrate the ability to work in a fast-pace, high volume, market driven work environment, while remaining motivated and focused completing repetitive, yet business critical tasks
• Ability to handle confidential material in a professional, highly ethical manner.

COMPENSATION AND BENEFITS

Please click here for a list of benefits for which this position is eligible.

Key has implemented a role-based Mobile by Design approach to our employee workspaces, dedicating space to those whose roles require specific workspaces, while providing flexible options for roles which are less dependent on assigned workspaces and can be performed effectively in a mobile environment. As a result, this role may be Mobile or Home-based, which means you may work primarily either at a home office or in a Key facility to perform your job duties.

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to building a diverse, equitable and inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other protected category.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.

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