Job Description:

Job Summary

Once borrower application for a mortgage loan has been approved and borrower has received a commitment letter from the lender, the final step before borrower can call the house of his own is the closing process starts, or settlement Closer first task is to complete closing input and send closing instruction for HUD- I preparation After HUD is received then proceed with HUD- 1 approval by sending final closing documents for signing

Knowledge

Basic Knowledge of Loan Origination Cycle- Loan Application, Processing, Underwriting, Closing, Knowledge of different types of mortgage and its functioning

Knowledge of functions of Title companies

Basic knowledge of Documents involved in Closing

Basic Understanding about HUD - 1 preparation

Basic knowledge of Federal laws

Should have the basic understanding of closing documents

Should understand the role of Closing team and the Title company at the time of closing

Should be able to explain the importance of critical closing documents

Should be able to explain the necessity of RESPA

Should be able to explain the importance of recession date in funding

Should be able to understand various laws in different parts of US related to mortgage

Skills & Ability

Good verbal and written communication skills are required to understand and update comments and communicate with various stake holders

Strong Customer Service Skills and

Should have good analytical skills and have the ability to make decisions based on the situation

Should be Detail oriented

Should be able to effectively use a computer

Responsibilities

Updating loan information and closing related fees in Client applications

Verifying Tax, HOI and Flood information

Verifying escrow information on the loan

Calculating pay off amount as per funding date

Updating the loan required information in different client applications

Completing the given target as per the clients requirements with 100% quality

Education Qualifications

Bachelors Degree

Additional Requirements

Minimum of 3 years of work experience in Mortgage Origination

Willingness to work in Night Shifts

Willingness to work on weekends based on Client requirement
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Profile Summary:

Employment Type : Full Time
Industry : IT - Software
Salary : Not Disclosed
Deadline : 18th Mar 2020

Key Skills:

Company Profile:

ISG NovaSoft Technologies Limited
ISG NovaSoft Technologies Limited

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