Description
The Non-QM Loan Closer is responsible for preparing, reviewing, and finalizing loan closing documents for Non-QM (Non-Qualified Mortgage) loans at Champions Funding. This role ensures accuracy, compliance, and efficiency throughout the closing process while collaborating with internal teams, title companies, and external partners. The Loan Closer plays a critical role in ensuring a smooth loan closing experience and maintaining regulatory compliance, contributing to the overall success of the loan funding process.
Requirements
Responsibilities:
- Prepare and review loan closing documents for Non-QM mortgage loans, ensuring accuracy and adherence to company and investor guidelines.
- Verify loan terms, fees, and conditions, ensuring compliance with all applicable state and federal regulations.
- Coordinate with loan officers, underwriters, title companies, and other stakeholders to facilitate timely and efficient closings.
- Balance and disburse loan funds in accordance with company policies and wire transfer procedures.
- Identify and resolve any outstanding conditions, discrepancies, or issues before loan funding.
- Ensure proper documentation is executed, recorded, and stored in compliance with regulatory and company requirements.
- Communicate closing timelines and expectations to all involved parties, ensuring a seamless borrower experience.
- Stay updated on industry trends, regulatory changes, and best practices in Non-QM loan closing.
- Assist in process improvements to enhance efficiency and accuracy within the closing department.
- Provide support and guidance to team members as needed, contributing to a collaborative and high-performing work environment.
- 3+ years of experience in mortgage closing, preferably in the Non-QM space.
- Strong knowledge of Non-QM loan products, mortgage closing procedures, and regulatory requirements.
- Experience with loan origination systems (LOS) and mortgage document preparation software.
- Detail-oriented with strong analytical and problem-solving skills.
- Excellent communication and organizational skills, with the ability to multitask in a fast-paced environment.
- Ability to work independently and collaboratively to meet deadlines and maintain efficiency.
- Familiarity with TRID, RESPA, and other mortgage compliance regulations.
