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- Understands and ensures all documents specifically related to the product, investor and state are correct. Completes closing package and sends to title company. Acts as primary liaison with title company during entire closing process. Responsible to assist in resolution with any issues that arise during closing
- Initiates closing package preparation by reviewing all documents for accuracy. This includes verifying spelling of borrowers names and property address on hazard binder, title binder, flood cert. appraisal etc.
- Reviews preliminary HUD-1 Settlement Statement received from the title company. Requests all necessary updates for RESPA compliance. Generates final TIL and completes APR review.
- Schedules closings with title company. Coordinates scheduling and maintains communication with processors to assure file will be approved and available in a timely fashion to meet scheduled closing time. Check files in when received.
- Reviews lock confirmation to ensure loan product, terms and interest rate are consistent with underwriting approval. Ensures all underwriting conditions that have not been met are included on closing instructions.
- Reviews signed closing package to determine MCB conditions and investor requirements have been met. Ensures complete closing package is copied and submitted to the post closing department.
- Ensures loan is delivered to the investor by the required deadline. Responsible for verifying all money owed to MCB from closing has been received. Provides customer service by assisting customer or directing customer to appropriate MCB department.
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