Closer - WA
Bellevue, WA (Opes)
This role is responsible for reviewing critical information pertinent to the closing process with an emphasis on the compliance requirements related to the generation of a closing transaction on a residential mortgage.
This position ensures compliance with Reg Z, X, B Mortgage Disclosure Information Act, Home Ownership Equity Protection Act, Qualified Mortgage, and Ability to Repay and any additional state and federal regulations that affect the loan industry. The closer also validates the following; Title Work, Insurance documents, & Property Tax statements to ensure they comply with Flagstar's policies and to accurately prepare the closing settlement statement.
This is a production based role with a strong quality component required to guarantee success. It requires excellent organizational and communication skills to ensure closing deadlines are met while providing high quality closing document package. It requires the ability to work well under pressure within a limited time frame to meet service level expectations.
35% of time Review documents required for closing a loan to ensure compliance and that the documentation meets Flagstar's requirements
10% of time Complete the data input of the required information in order to generate an accurate closing package
15% of time Analyzing LE and CD disclosures for the purposes of RESPA, TRID, & TILA
25% of time Work with Settlement Agents and brokers to obtain any required information to complete the closing process and obtain a final HUD1 Settlement Statement
10% of time Review and balancing of the Closing Disclosure figures for regulatory, investor, and Flagstar requirements
5% of time Investigate and resolve loan issues while dealing with others internal and external