Closer

Primary Function

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ONSITE POSITION

The Closer is responsible for preparing loan packages according to state and/or federal regulations and ensure loans close in accordance with Underwriter’s approval and Newrez’s policies and procedures.

Principal Duties

• Prepares legal documents according to state and/or federal regulations
• Reviews and approves the final balanced Closing Disclosure
• Ensures loan package meets compliance guidelines and fixing discrepancies as necessary
• Generates and approves the Closing Package
• Serves as liaison between Newrez and closing agent.
• Inputs and confirms data required to generate Closing Package
• Completes work within established closing deadlines.
• This position is considered a non-loan originator position, this means participants may not engage in activities of a loan originator, including communicating directly with borrowers about credit qualification or loan terms, including pricing concessions or other transaction-specific terms or conditions
• Works with title companies on loan scheduling, document delivery, final sign-off
• Meets performance requirements for volume, quality, and timeliness
• Performs related duties as assigned by supervisor.

Education and Experience Requirements

• High school diploma or equivalent required; 4-year college degree preferred.
• Minimum two (2) years mortgage Closing, or Post- Closing experience is required
• 1-2 years loan funding experience preferred

Knowledge, Skill, and Ability Requirements

• Basic knowledge of loan documentation.
• Advanced computer sills including Excel and Outlook.
• Advanced mathematical skills.
• Excellent interpersonal, written and oral communication skills.
• Familiar with reading and interpreting insurance policies, tax information, prelims, appraisals and settlement statements.
• Knowledge of MDIA and TRID disclosure requirements.
• Strong attention to detail and organization skills.
• Ability to work in a fast-paced environment.

Additional Information:While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Okta Verify and Microsoft Authenticator. Employment will be contingent on this requirement.Company Benefits:Newrez is a great place to work but we are only as strong as our greatest asset, our employees, so we believe in rewarding them!

• Medical, dental, and vision insurance

• Health Savings Account with employer contribution

• 401(k) Retirement plan with employer match

• Paid Maternity Leave/Parental Bonding Leave

• Pet insurance

• Adoption Assistance

• Tuition reimbursement

• Employee Loan Program

• The Newrez Employee Emergency and Disaster Fund is a new program to support our team members

Newrez NOW:

• Our Corporate Social Responsibility program, Newrez NOW, empowers employees to become leaders in their communities through a robust program that includes volunteering, philanthropy, nonprofit grants, and more

• 1 Volunteer Time Off (VTO) day, company-paid volunteer day where all eligible employees may participate in a volunteer event with a nonprofit of their choice

• Employee Matching Gifts Program: We will match monetary employee donations to eligible non-profit organizations, dollar-for-dollar, up to $1,000 per employee

• Newrez Grants Program: Newrez hosts a giving portal where we provide employees an abundance of resources to search for an opportunity to donate their time or monetary contributions