Description
Finalize and fund loans by preparing and reviewing closing packages, balancing fees and disclosures, and coordinating with borrowers, title or escrow, realtors, and lenders. Ensure compliance, clear final conditions, schedule and conduct closings, disburse funds, and manage post-closing delivery and recordings.
- • Verify accuracy and completeness of closing documents, disclosures, and data.
- • Communicate with borrowers to confirm closing details and collect outstanding items.
- • Assemble and prepare complete closing packages, including title, insurance, and tax documents.
- • Answer questions from borrowers, sellers, realtors, and settlement agents about closing and funding.
- • Schedule closing appointments with borrowers and settlement agents.
- • Track closing conditions, funding approvals, and disbursements in the loan system.
- • Prepare Closing Disclosures, settlement statements, legal instruments, checks, and wire instructions.
- • Present final loan terms, payment schedules, and cash to close to borrowers.
- • Calculate and balance fees, per diem interest, escrows, and cash to close; resolve discrepancies.
- • Verify appraisal, title commitment, and collateral documentation meet closing requirements.
- • Clear outstanding underwriting and closing conditions with processors, underwriters, and third parties.
- • Maintain accurate closing and post-closing files and audit trails.
- • Conduct loan closings and obtain required signatures and acknowledgments.
- • Collect funds due at closing and verify receipt of incoming and outgoing wires.
- • Submit closed loan packages for funding approval and investor delivery.
- • Verify hazard, flood, and mortgage insurance coverage and endorsements prior to closing.
- • Perform post-closing reviews to ensure documents are recorded and trailing items are cleared.
- • Coordinate payoffs, taxes, and disbursements per closing instructions and balance with title or escrow.
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O*NET occupational data (work activities, skills, knowledge).
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Last reviewed: Jan 2026
