Closer

Responsible for for managing all activities required to prepare, coordinate, and complete the closing of an approved mortgage assumption. The closer acts as the primary liaison between internal departments, title companies, attorneys, investors, borrowers, and sellers to ensure all closing requirements are satisfied and the assumption transaction is completed accurately, compliantly, and within established service levels.

Primary Responsibilities:

Closing Preparation

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• Review approved assumption files for closing readiness.
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• Verify all underwriting conditions have been cleared.
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• Confirm investor requirements have been satisfied.
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• Ensure all required fees have been collected.
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• Review closing package documentation for completeness and accuracy.
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• Verify borrower, seller, title, and attorney information.
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Title and Attorney Coordination

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• Coordinate directly with title companies and closing attorneys.
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• Provide closing instructions and required assumption documentation.
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• Resolve closing-related questions and issues.
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• Monitor title requirements and outstanding closing conditions.
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• Confirm closing dates and scheduling.
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Document Preparation and Review

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• Work with third party vendor who will prepare or coordinate preparation of documents:
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  • Assumption Agreements
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  • Release of Liability documents
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  • Closing Instructions
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  • Investor-required documents
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  • Disclosure packages
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• Review executed documents for accuracy and completeness.
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• Ensure all required signatures and notarizations are obtained.
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Closing Management

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• Coordinate and monitor scheduled closings.
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• Serve as the primary point of contact for closing-related matters.
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• Address last-minute issues that could delay closing.
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• Ensure all parties are prepared to close as scheduled.
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• Communicate status updates to management and stakeholders.

Post-Closing Responsibilities

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• Review returned closing packages.
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• Verify receipt of all executed documents.
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• Identify and resolve document deficiencies.
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• Coordinate correction of missing or incomplete documents.
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• Submit completed packages for boarding, servicing updates, or investor review as required.
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• Ensure release of liability requirements are fulfilled when applicable.

Organizational Skills

Ability to manage multiple files, deadlines, and closing schedules simultaneously.

Attention to Detail

Ability to identify documentation deficiencies and ensure all closing requirements are satisfied.

Communication Skills

Ability to communicate professionally with borrowers, attorneys, title companies, investors, and internal stakeholders.

Problem-Solving Skills

Ability to resolve title issues, documentation concerns, and closing delays efficiently.

Time Management

Ability to prioritize files approaching closing and meet established turnaround expectations.

High school diploma or GED required. Associate's degree in Business Administration, Finance, Real Estate, or a related field preferred. Minimum of 2 years of mortgage closing title, escrow, or related mortgage industry experience required.