Closing Coordinator

Rate is one of the nation’s top retail mortgage lenders, delivering a seamless, tech-driven experience that helps customers reach their homeownership and financial goals. Founded in 2000 and based in Chicago, Rate is licensed in all 50 states and D.C. and has helped over 2 million homeowners with a wide range of loan products, competitive rates and personalized service. With 5,000 employees across 300 offices and 12 subsidiaries, Rate’s Loan Officers rank among the best in the country. From purchases and refinances to tapping into equity, Rate makes financing faster, simpler and less stressful. Our technology — including Same Day Mortgage, the Rate App, FlashClose℠, MyAccount and the Language Access Program — has earned recognition from HousingWire, Scotsman Guide, NerdWallet, the Chicago Tribune and Crain’s Chicago Business. Learn more at rate.com

Compensation: $15-$19 per hour Per File bonus

Job Description:

We are currently seeking a hard-working, dedicated Closing Coordinator to join our innovative and passionate team.

Required Skills and Traits — We Work with the Best of the Best:

• Clear focus on detail and ability to recognize inconsistencies in data/documents.
• Knowledge of Qualified Mortgage regulations
• Detailed knowledge of Closing and Legal Documents:
• Loan Estimate
• Closing Disclosure
• Title Commitment
• Insurance Documents (Hazard, Flood, Mortgage Insurance)
• Knowledge of MDIA Disclosure timing and APR rules.
• Knowledge of TRID fee tolerance comparisons and change of circumstance.
• Understanding of compliance, origination, closing, or processing roles.

Responsibilities:

• Inputting title company fees with proper finance charge selection
• Understanding fee tolerances, how to handle tolerance violations, when 3 day wait periods apply.
• Review compliance audits specific to TRID messages, fee compliance and APR tolerances to ensure there are no issues.
• Preparation of the Closing Disclosure via Encompass
• Ensure the Closing Disclosure is fully complete, accurate, and compliant. Including but is not limited to:
• POC amounts properly applied
• Fees disclosed in the proper sections
• Fees correctly marked finance or non-finance charge
• Escrows set up per Guaranteed Rate Affinity policy
• Keep TRID form in LOS system up to date:
• Ensure all data entry is 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, Closing, and Post-Closing.
• Monitor pipeline to ensure:
• CDs are going out according to policy
• CDs are being delivered to applicable parties in a timely manner
• Interacting with the Loan Officer (and team)
• Interacting with the Settlement Agent

Guaranteed Rate is an Equal Opportunity Employer that welcomes and encourages all applicants to apply regardless of age, race, sex, religion, color, national origin, disability, veteran status, sexual orientation, gender identity and/or expression, marital or parental status, ancestry, citizenship status, pregnancy or other reason protected by law.

The company offers a comprehensive benefits program to eligible employees, including eligibility to participate in a company-sponsored 401(k); vacation benefits; eligibility for medical, dental, vision, and prescription drug benefits; flexible benefits (e.g., healthcare and/or dependent day care flexible spending accounts); life insurance and death benefits; critical care insurance; personal accidental insurance; commuter benefits; pet insurance; certain time off and leave of absence benefits; well-being benefits (e.g., employee assistance program); and other supplemental benefits (e.g. legal planning assistance; identity theft protection; pet insurance; wellness resources).

Applications are being accepted for the next 30 days.