Closer - Full-time

Description

Position: Closer

Department: Closing

Supervisor: Closing Team Lead

Location: Corporate Office: 7450 Campus Dr, Ste 200 Colorado Springs, CO 80920 or Remote

Exempt: ☐ Non-exempt: ☒

Compensation & Benefits: $20.00-26.00 hourly

Mortgage Solutions of Colorado, LLC d/b/a Mortgage Solutions Financial (“MSF”) offers a comprehensive benefit package and PTO (paid time off) for eligible employees. The benefit package includes Health, Dental and Vision Insurance, options to participate in a Health Savings Account, Flexible Spending Account, Life and AD&D coverage, voluntary Supplemental Life, voluntary Short-Term, Long-Term Disability and Supplemental insurance. In addition, eligible employees have the option to participate in a company retirement plan.

Role Overview

The Closer is responsible for the creation of closing documentation including the initial closing disclosure, change of circumstance closing disclosures and all closing documentation. The Closer is responsible for working with all internal and external stakeholders to ensure delivery and accuracy of loan documentation on time. The Closer will be responsible for balancing the file with title and escrow companies prior to document delivery.

Essential Duties

• Verify all Closing Disclosures (CDs) and final closing documents adhere to all regulatory, agency, and investor requirements, including but not limited to TRID guidelines, state-specific mandates, and loan program requirements.
• Collaborate proactively with title and escrow partners to ensure the accuracy of the initial Closing Disclosure, minimizing tolerance cures and potential fee adjustments.
• Prepare and issue Change of Circumstance (COC) Closing Disclosures promptly as required throughout the loan processing lifecycle.
• Review the loan file for comprehensive accuracy and completeness prior to drawing the final closing documents.

• Balance the final loan file with the title and escrow companies to ensure precise alignment of the final Closing Disclosure and the accurate calculation of the final wire amount.
• Proactively manage the individual pipeline of files to meet anticipated closing dates and effectively communicate any issues or concerns to management promptly.
• Effectively communicate with all appropriate internal and external stakeholders (e.g., processors, loan officers, title agents) during the disclosure and document drawing process.

• Assist the Post-Closing and Funding teams as needed to efficiently resolve any issues that arise after closing.
• Maintain regular, reliable, and predictable attendance, which is an essential function of this role.
• Perform other duties as assigned.

Qualifications

Experience and Education

• High school diploma or equivalent.
• Working knowledge in mortgage regulatory, agency and investor requirements.
• 1 to 2 years’ previous experience is strongly preferred.

Knowledge Skills and Abilities

• Ability to accurately review, prepare, and balance final closing disclosures (CD) and settlement statements (ALTA/HUD-1), ensuring alignment with lender instructions and state-specific requirements.
• Strong math skills to accurately calculate and verify closing figures, including prorations, escrows, and interest.
• Identify and assist in resolving potential compliance risks or discrepancies in the closing package before the closing date.

• Organization and time management skills to effectively manage a high-volume pipeline of closing files, prioritize deadlines, and maintain accurate file documentation.
• Reviewing loan documents, ensuring zero errors in names, addresses, loan amounts, and legal disclosures.
• Ability to proactively resolve issues (e.g., title discrepancies, closing condition issues, fee changes) under pressure to prevent closing delays.

• Excellent written and verbal skills to clearly and professionally interact with loan officers, processors, title agents, attorneys, and internal accounting teams regarding closing instructions, conditions, and funding.
• Ability to foster effective teamwork and collaborative relationships across various departments and with external closing agents to ensure a smooth closing experience.
• Capacity to perform successfully in a fast-paced environment and adapt quickly to changes in closing procedures or investor guidelines.

Physical Requirements

• This is a primarily sedentary position, involving prolonged periods of sitting or standing at a desk and working on a computer.

• The role requires a high level of mental fortitude to handle range of responsibilities, manage multiple files simultaneously, and maintain composure while under pressure.

MSF is an equal opportunity employer. All candidates for employment are considered equally, and no distinction is made based on race, color, national origin, age, religion, disability, sex, sexual orientation, gender identity, gender expression, marital status, genetic information, or veteran status.  MSF is also committed to providing qualified applicants and employees reasonable accommodation, when necessary, to enable the individuals to complete the application process and/or perform the essential functions of the job. An applicant and/or employee requiring reasonable accommodation to perform any essential job function should contact Human Resources.