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[edit] Job Description
- Schedules loan closing and prepares closing documents.
- Reviews loan to determine conditions that must be met prior to closing, such as purchase of private mortgage insurance.
- Calls borrower, real estate broker, and title company to request specified documents, such as receipt for payment of outstanding tax bill.
- Verifies accuracy and consistency of specifications on documents, such as title abstract and insurance forms.
- Calls borrower, broker, and other specified individuals to arrange time and date for closing.
- Answers questions regarding closing requirements.
- Enters numbers and calculates loan interest and principal payment, and closing costs, using computer or factor table and calculator.
- Types closing documents.
- Assembles documents for delivery to title company, real estate broker, or lending officer for closing.
- Records loan information in log and on government reporting forms, using computer.
- May compile closed loan forms for delivery to marketing department for sale to investors.
