Amerifund Careers

Closing Specialist

Simi Valley, CA
Full Time

Job Description:

  • Closing Disclosure (CD) Management: 
  • The Processor will request the CD from the Closing Specialist, the CS will order (from Lender if Brokered) or prepare (for Investor if Correspondent). Review for accuracy, send to the LO for approval, and ensure borrower(s) receipt and acknowledgment. 
  • Document Preparation: 
  • The Processor will submit the Doc Request to the Closing Specialist. The CS will order (from Lender if Brokered) or prepare (for Investor if Correspondent) the final loan documents and ensure smooth and timely closings. Including, but not limited to; sending the loan documents to the Settlement Agent, coordinating signing appointments, ensuring the signing took place and obtaining copies of the fully executed closing package. 
  • Funding Coordination: 
  • Confirm and balance funding wire details with Lender/Investor and Settlement Agents. 
  • Request wire from Warehouse Bank (if Correspondent), review for errors prior to loan funding and investor purchase. 
  • Ensure Title company receives and disburses the wire correctly. 
  • Post-Closing Management: 
  • Upload fully executed closing packages and related documents to the LOS and Lender/Investor portal within 24 hours of funding. 
  • Obtain post-closing recorded security instruments and final title policies. 
  • Clear investor and Warehouse Bank requirements promptly to minimize interest on the line. 
  • Compliance and Reconciliation: 
  • Complete all MERS items and compliance checks. 
  • Obtain and clear PTF and Post Closing Investor conditions. 
  • Follow up with Investors to ensure conditions have been cleared for the loan purchase and has been fulfilled from the Warehouse line within 24 hours. 
  • Update all relevant dates and milestones in LOS, and add necessary, notes and documents. 
  • Complete Check Reconciliation in LOS for final commission breakdown for payroll purposes and provide to Controller for final review. 
  • Quality Control and Compliance: 
  • Perform QC audits to ensure completeness and accuracy, settling any errors. 
  • Review all signed closing documents for compliance with investor guidelines. Complete Post-Closing checklist and add to LOS. 

 

Skills Required 

  • Knowledge of Conv, FHA, VA, Non-QM, Reverse, HELOC and DPA assistance loan guidelines. 
  • Compliance knowledge of Fair Lending, Right of Rescission, TRID guidelines, RegZ, HMDA and ECOA 
  • Preferred Computer knowledge: LendingPad, Doc Magic, Adobe, Internet Explorer, Microsoft Outlook and Teams. 
  • Strong communication skills, knowledge of mortgage documents, be willing to pick up the phone. 

Join the Amerifund Team

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