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Capital One · 2 days ago

Agency Closing Officer, Director

McLean, VA

Full-time

Onsite

Mid, Senior Level

$185K/yr - $211K/yr

5+ years exp

Capital One is a financial services company seeking a Director of Loan Closing to oversee and manage the operational aspects of multifamily mortgage loan closings. This role involves maintaining communication with various stakeholders, ensuring compliance with guidelines, and supervising support staff to meet productivity standards.

BankingCredit CardsFinanceFinancial Services

Comp. & Benefits

No H1B

Responsibilities

Maintain close communication with customers, originators, third party vendors and underwriters to ensure proper and timely settlement

Send written requests or make phone calls to customers, attorneys and other third parties to obtain additional information as required

Review and apply new information received regarding investor and underwriting guidelines, company policies, processing procedures

Verify underwriting and funding conditions are signed off prior to settlement

Ability to perform real estate tax and insurance escrow analysis for closing

Review title requirements for state specific mortgage attachments and /or state mortgage tax requirements

Work with insurance analyst to ensure borrower obtains required insurance coverage (casualty, liability, flood, wind)

Gather and prepare information for completion of closing documents including 3rd party fees, payoffs and subordinations

Confirm loan information in all banks and GSE delivery systems/portals are accurate

Review and work with closing counsel in the preparation and delivery of closing documents

Review final settlement statements for accuracy and compliance, including the verification of seller and lender credits, funds on deposit, and payoff of debt

Supervise and guide support staff (closing coordinator, closing analyst), by being familiar with their assigned duties and ensuring their output is accurate and delivered on time

Follow up with a closing and escrow agent to verify settlement of loan, disbursement of funds and advise of any problems or concerns

Meet established productivity levels and turnaround times as set by the deal team and closing guideline standards