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Job Description:

  • 1) Schedules loan closing and compiles and types closing documents: Reviews approved mortgage loan to determine conditions that must be met prior to closing, such as purchase of private mortgage insurance.

  • 2) Calls borrower, real estate broker, and title company to request specified documents, such as receipt for payment of outstanding tax bill.

  • 3) Verifies accuracy and consistency of specifications on documents, such as title abstract and insurance forms.

  • 4) Calls borrower, broker, and other specified individuals to arrange time and date for closing.

  • 5) Answers questions regarding closing requirements.

  • 6) Enters numbers and calculates loan interest and principal payment, and closing costs, using computer or factor table and calculator.

  • 7) Types closing documents.

  • 8) Assembles documents for delivery to title company, real estate broker, or lending officer for closing.

  • 9) Records loan information in log and on government reporting forms, using computer.

  • 10) May compile closed loan forms for delivery to marketing department for sale to investors.


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End Of Job Description for: "MORTGAGE LOAN CLOSER"
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