Sr. Loan Closer

JMAC Lending has thrived in the industry for over 25 years, providing exceptional service, innovative products, and unwavering support to our clients. At the heart of our culture and business philosophy is the commitment to surpassing the current market options, ensuring that we remain the top choice lender for our clients. Our dedicated associates possess distinguished credentials and actively engage in continuous education, balancing knowledge with valuable experience.

Our unwavering commitment to the highest ethical standards is the cornerstone of our company. With meticulous care, we efficiently execute the delivery of product pricing for wholesale and correspondent lending for our esteemed clients.

As we continue to grow, JMAC Lending is seeking a skilled Loan Closer to join our Closing department. In this role, you will carefully review and understand loan documents, facilitating open communication about loan files with JMAC's valued customers. If you are searching for a company that values exceptional results and unwavering integrity, this is the perfect place for you to thrive.

This is a Full-Time/Fully Remote opportunity with working hours from 7:00am-4:00pm or 8:00am-5:00pm Pacific time Monday-Friday offering competitive pay ranging from $29.61-$34.61 hourly plus bonus.

Key Responsibilities:

Review and Prepare Loan Documents

• Collaborate with all necessary parties to confirm the consummation date and finalize figures for a seamless closing experience.
• Thoroughly review loan documents and data entries to guarantee accuracy and readiness for signing.
• Conduct a precise review to ensure full compliance with investor guidelines, company policies, and procedures, maintaining the highest standards.

Provide and Sign-Off Outstanding Funding Conditions

• Manage funding processes to guarantee prompt and precise disbursement of funds.
• Thoroughly review signed loan documents to ensure all details are complete and accurate.
• Verify that all outstanding conditions are satisfied before releasing any funds.
• Perform detailed audits to uphold compliance with company policies and industry regulations.

Post-Closing

• Complete the Closing Disclosure accurately for seamless investor delivery.
• Verify and validate all outstanding principal reductions required.
• Guarantee that files reach investors promptly and free from any closing purchase deficiencies.
• Proactively resolve closing purchase suspense issues before the lock expiration date to ensure smooth processing.

Teamwork & Collaboration

• Consistently meet closing SLAs and turnaround times with precision and efficiency.
• Foster clear and proactive communication with both internal teams and external partners.
• Swiftly identify and resolve any issues or discrepancies that arise during the closing process to ensure seamless operations.
• Collaborate and share valuable insights and best practices to elevate our collective expertise and drive continuous improvement.

Compliance Training

• Consistently revisit and update your knowledge of our company’s closing policies and procedures to stay sharp.
• Stay ahead by regularly refreshing your understanding of the latest industry regulations and compliance standards.
• Align your practices with investor guidelines to ensure seamless and consistent operations throughout.
• Don’t hesitate to ask questions or seek guidance whenever something isn’t clear—collaboration leads to success.

Other related duties as assigned

Requirements

• At least five years of experience in mortgage-related roles, showcasing your industry knowledge and expertise.
• Familiarity with TILA-RESPA Integrated Disclosures (TRID) guidelines to ensure compliance and accuracy.
• A solid understanding of various loan programs, including Conventional (Conforming), Government, Jumbo, and Non-QM loans. Loan Closers will initially concentrate on Conforming loan transactions to build a strong foundation in the closing process, with opportunities to expand into Government, Jumbo, and Non-QM products as skills and business needs evolve.
• High School Diploma or equivalent qualification as a minimum educational requirement.
• Proficiency in mortgage loan operating software and systems, enabling you to work efficiently and effectively.
• Strong computer skills, especially with Microsoft Office applications, to support day-to-day tasks.
• Excellent written and verbal communication skills to foster positive interactions with both internal teams and external partners.
• A keen eye for detail, ensuring accuracy and quality in all aspects of your work.
• Ability to juggle multiple tasks and prioritize your workload to consistently meet deadlines.
• A collaborative mindset, thriving in team settings and cross-departmental partnerships.
• Flexibility and adaptability to navigate changes in policies and procedures with ease.

Benefits

Perks with JMAC Lending:

• Competitive Base Salary with an attractive Bonus Plan
• Comprehensive Health Care Plan, offering Medical, Dental & Vision coverage
• Life Insurance coverage, including Basic, Voluntary & AD&D options
• Generous Paid Time Off, including Vacation & Holidays
• Retirement Plan with a 401k contribution
• Short Term & Long-Term Disability coverage
• Family Leave options for a healthy work-life balance
• Access to Wellness Resources to promote your wellbeing

About JMAC Lending

JMAC Lending, Inc. is an Equal Employment Employer. We are committed to workforce diversity. Qualified applicants will receive consideration without regards to age, race, religion, sex, sexual orientation, gender identity or national origin.

DISCLAIMER: JMAC Lending is an evolving company. As such this job description is not necessarily an exhaustive list of all responsibilities, duties, skills, efforts, requirements or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed as assigned.