Mortgage Loan Closer Jobs

Loan Closer Job Description

 

Mortgage Loan Closers are the communication center point between all parties involved in the transaction in the mortgage process. While working with the real estate investors (borrowers) on the finishing touches on their mortgage loan process they answer questions, make sure the timeline stays on schedule, and keep everything moving forward according to plan.

The Mortgage Loan Closer is responsibility for coordinating the closing schedule with the title company and provides them with a settlement document for review and approval.

The role of Mortgage Loan Closer is important in ensuring the mortgage process goes as smooth and swift as possible.

 

Once they have received approval, the Mortgage Loan Closer provides them with the complete closing package which the buyer will sign at the closing.

Loan Closer Jobs at Stratton Equities

If you're looking for a career in the mortgage or real estate industry, Stratton Equities is always looking for talented individuals to join our team as a Loan Closer at our Pine Brook, NJ flagship office. At this time, we do not offer remote loan closer jobs.

Loan Closer Position Summary:

At Stratton Equities, our in-house Loan Closers are responsible for coordinating all the steps of the loan closing and funding process. They will oversee the management of the pipeline of more complex loans and a larger volume of loans. The Loan Closer will be responsible for ensuring the performance of all duties in accordance with the company’s policies and procedures.

Interested in joining the Stratton Equities' Team? Email Your Resume Today!

Loan Closer Responsibilities:

  • Responsible for managing a pipeline of complex loans and a large volume of loans. The Loan Closer will prioritize loans in a timely and efficient manner - preparing HUD by following established Stratton Equities' procedures.

  • Ensures loans are handled efficiently, independently and with minimal error. 

  • Provide support to Closers and other team members by providing mentorship, assisting with problem solving and helping with escalated issues. 

  • Collaborates with title/escrow companies to balance fees and corrects issues on the HUD.

  • Follows established procedures, ensuring collaboration with title and quality/accuracy of all documents - Closer will escalates issues as necessary. Communicates changes effectively and regularly with teammates and management. 

  • Promptly replies to emails, Closer will stay updated on all Stratton Equities' process/system changes, and ensures HUDs or document packages have been sent daily, adheres to fluctuating HUD processing minimums as set by management. 

  • Ensures files and documents meet Stratton Equities, investor, and compliance requirements. Closer confirms that documents are drawn within posted turn times and consistently meet deadlines. 

  • Performs other duties and projects as assigned. 

 

Mortgage Loan Closer Interview Questions

How to become a Loan Closer at Stratton Equities? 

 

Requirements for Loan Closer Position:

  • Do you need a College Degree? Yes, a Bachelor's Degree Preferred

  • Do you need previous experience as a Mortgage Loan Closer? Yes, a Minimum of four (4) years experience as a Mortgage Closer is Required

  • What are the preferred skills are required for the Mortgage Loan Closer Job? ​

    • Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position. 

    • Demonstrates a commitment to the Company Culture. 

    • Exercises initiative in organizing and completing assigned tasks according to established guidelines, safety standards and procedures, deadlines and department parameters. 

    • Solves problems by using judgment based upon knowledge of existing management policies and departmental practices and procedures. 

    • Meets established productivity and task management standards or seeks assistance. 

    • Effective communication with internal departments and clients. 

  • What programs or application experience does one need for the Mortgage Loan Closer Position? Advanced skills in computer terminal and personal computer operation. Required software experience includes; Microsoft Office - Word, Excel, PowerPoint and Outlook. CRM experience a plus but not necessary - will train in office during Loan Closer Training.

  • Are there Stratton Equities' Mortgage Loan Closer Jobs Near Me? All of our positions are in person only at our flagship Pine Brook, NJ location. We do not offer any remote loan closer jobs.

Benefits of Working as a Loan Closer with Stratton Equities: 

  • Loan Closer Salary - Competitive Compensation Package

  • Loan Closer Training

  • Benefits package including multiple health, dental & vision options

  • 401K

  • Community based team with open door policy 

 

We are an equal opportunity employer and value diversity in our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

Looking for Loan Officer Jobs? Apply Today to join our growing team. Learn more about our new Corporate Headquarters for Loan Officers.