What are the responsibilities and job description for the Mortgage Loan Closer/Funder position at New West Lending, Inc?
Mortgage Loan Closer/Funder
Company: New West Lending, Inc.
Location: Phoenix, AZ 85020
Employment Type: Full-Time
Position Summary
New West Lending, Inc. is seeking an experienced and detail-oriented Mortgage Loan Closer/Funder to join our growing team. The ideal candidate will be responsible for preparing, reviewing, coordinating, and funding residential mortgage loan transactions while ensuring compliance with company policies, investor guidelines, and federal and state regulations.
This position requires strong organizational skills, the ability to manage multiple deadlines, and a commitment to providing exceptional service to borrowers, brokers, escrow/title companies, and internal staff.
Essential Duties and ResponsibilitiesLoan Closing Responsibilities
- Review approved loan files for completeness and compliance prior to closing.
- Prepare and issue closing disclosures and closing packages in accordance with regulatory requirements.
- Coordinate loan closings with borrowers, title companies, escrow agents, settlement agents, and internal departments.
- Review closing conditions and ensure all conditions have been satisfied prior to funding.
- Verify accuracy of loan terms, fees, documentation, and investor requirements.
- Ensure compliance with TRID, RESPA, TILA, and applicable state and federal regulations.
Funding Responsibilities
- Review executed closing documents for completeness and accuracy.
- Verify all funding conditions have been met prior to disbursement.
- Coordinate wire transfers and funding requests with warehouse banks and settlement agents.
- Fund loans in accordance with company procedures and investor requirements.
- Maintain accurate records of funding activities and funding authorizations.
- Resolve funding issues promptly to ensure timely loan closings.
General Responsibilities
- Communicate effectively with loan officers, processors, underwriters, borrowers, title companies, and investors.
- Maintain productivity standards while managing multiple loans in various stages of closing and funding.
- Identify and resolve documentation deficiencies.
- Assist with post-closing quality control and audit requests as needed.
- Adhere to company policies, procedures, and compliance requirements.
QualificationsRequired
- Minimum 2 years of mortgage closing and/or funding experience.
- Strong knowledge of residential mortgage lending processes.
- Familiarity with conventional, FHA, VA, and USDA loan programs and Non-QM Loans.
- Knowledge of TRID, RESPA, TILA, and mortgage compliance requirements.
- Experience reviewing closing documents and funding packages.
- Strong attention to detail and organizational skills.
- Excellent verbal and written communication skills.
- Proficiency with mortgage loan origination system Calyx Point and Doc Magic.
Preferred
- Experience working with warehouse lending facilities.
- Experience with Calyx Point or similar loan origination systems.
- Knowledge of investor delivery requirements.
- Previous experience in a mortgage banker environment.
Skills and Competencies
- Exceptional attention to detail
- Strong analytical and problem-solving abilities
- Ability to prioritize and meet deadlines
- Effective communication and customer service skills
- Ability to work independently and collaboratively
- Strong organizational and time-management skills
Benefits
- Competitive salary
- Medical, dental, and vision insurance
- Paid time off and holidays
- Retirement savings plan
- Professional development opportunities
- Supportive team environment
Pay: $51,732.11 - $62,301.04 per year
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Paid time off
- Vision insurance
Work Location: In person
Salary : $51,732 - $62,301