Mortgage Loan Closer

Job Description

Job Description

HOPE Overview

HOPE (Hope Enterprise Corporation, Hope Credit Union and Hope Policy Institute) provides financial services; leverages resources; and engages in advocacy that strengthens the financial health of people in under-resourced Deep South communities. Since 1994, these efforts have benefited more than three million people in Alabama, Arkansas, Georgia, Louisiana, Mississippi and Tennessee, and influenced billions in persistent poverty communities across the nation. Learn more at

Title: Mortgage Loan Closer

Department: Mortgage

Reports to: Mortgage Closing Manager

Supervises: N/A

Job Classification: Full-time, Non-Exempt

Location: Birmingham, AL, Hybrid

Job Summary

The Mortgage Loan Closer is responsible for closing, funding and reviewing residential mortgage loans in accordance with the terms and conditions of the loan approval.

Primary and Essential Functions:

• Ensure closing packages are completed within TRID guidelines
• Ensure accuracy of documents received after completion of CD
• Provide Accounting Department a Daily Cash Sheet for forecast of funding/purchasing of loans
• Review file for underwriting instructions, title commitment, flood certification, hazard insurance coverage, flood insurance coverage, clearance of termite, and BSA compliance
• Prepare documentation required for residential mortgage, grant, and bond closings
• Provide closing documents to closing agent
• Review HUD-1 for approval
• Wire funds to closing agent upon approval
• Upon receipt of completed closing package from closing agent, review loan documentation
• Log receipt of closing package and delivery to servicing
• Notify closing agent if there are errors in retail loan closing package
• Notify correspondent lender of outstanding conditions on wholesale loans
• Perform a full review of files received for purchase from correspondent lenders for underwriting conditions and for proper closing of loans
• Communicate with correspondent lender for any outstanding conditions on files received for purchase
• Follow-up on post-closing items in a timely fashion
• Provide excellent internal and external customer service
• Provide month-end closing report

Secondary Functions:

• Perform general administrative duties such as attending meetings, report production, etc.
• Assist Loan Specialist in review process
• Assist other departments as a Mortgage Loan Closer
• Assist in review and response of Quality Control Audits
• Work with other departments when needed on projects related to the mission of ECD/HOPE

Accountability for Business Results:

• Mortgage closing cycle time
• Proper closing of loan
• Ensuring correct funds for closing

Specified Authority Level:

• Approve HUD-1 form
• Approve loan for purchase based on Underwriter approval
• Approve funding for wiring

Qualifications:

Required:

• High School Diploma or GED

Preferred:

• Bachelor’s degree in relevant field or equivalent experience preferred
• Two years of experience in residential mortgage loan documentation and closing
• Demonstrated strength in ability to manage multiple projects at once while maintaining appropriate attention to details

Physical Demands:

• Employee is regularly required to sit, stand and walk.
• Employee will be in constant use of keyboard, which would require use of hands and fingers.
• Employee will be in constant communication with other persons related to work and requiring the use of hearing and speaking.
• Employee must infrequently lift and/or move up to 10 pounds.
• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Work Environment:

• Employee spends the majority of time in office environment, generally accessible to the public, customers, and potential customers.
• Noise level in the work environment is usually moderate.
• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Hope Enterprise Corporation does not participate in or engage in any form of visa sponsorship, including employment-based visa applications or extensions (e.g., H-1B, TN, O-1, OPT, STEM OPT, etc.). Candidates must be legally authorized to work in the United States at the time of application and throughout the duration of employment.

We are an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.