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Cornerstone Capital Bank · 3 weeks ago

Loan Closer - Funder

Houston, TX

Full-time

Onsite

Mid Level

Cornerstone Capital Bank is a unique national home lender known for its exceptional service and employee satisfaction. They are seeking an experienced Mortgage Closer to prepare closing packages, provide funding authorization, and ensure compliance and accuracy in closing documents.

Financial Services

Responsibilities

Prepare Closing packages

Provide funding authorization to Title/Escrow Agents

Review signed closing packages for accuracy

Understanding fee tolerances, how to handle tolerance violations, when 3 day wait periods apply

Ensure the closing package is fully complete and accurate and compliant, which includes but is not limited to:

Lender and seller credits are itemized

POC credits are itemized

Fees are listed in the correct sections

Fee entries are correct

Escrows set up properly

Ensure all date entries are completed to ensure accurate reporting and to ensure Loan Officer (and team) have visibility to the steps that have been completed

Update status notes within the TRID form regarding communication with Loan Officer, borrower or settlement agent

Qualification

RESPA/GFE lawsClosingLegal DocumentsFHA/VA/USDA Loan DocumentsLoanSoft softwareOrganizationTime managementPositive attitudeGreat work ethic

Required

Experience and extensive knowledge of new RESPA/GFE laws

Clear focus on detail and ability to recognize inconsistencies in data/documents

Detailed knowledge of Closing and Legal Documents (HUD-1, Note, Deed of Trust, Assignment, Title Binder) and Disclosure Documents (TIL, GFE, Right of Rescission, State-specific)

Ability to work in a 'High Volume' environment

Great work ethic

Working with LoanSoft software a plus

Detailed knowledge of FHA/VA/USDA Loan Documents

Detailed knowledge of Credit Documents (DU/LP Findings, 1003, 1008, Credit Report, VVOE, Appraisal)

Detailed knowledge of Insurance Documents (Hazard, Flood, MI)

Detailed knowledge of MDIA Disclosure timing and APR rules

Detailed knowledge of TILA/RESPA LE/CD fee tolerance comparisons and change of circumstance

Understanding of compliance, underwriting, origination, or processing roles