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Branch Closer

Careers with The Wood Group of Fairway

The Branch Closer position reviews final loan fees and orders/prepares loan documents required for closing per investor or program guidelines. Prepares and reviews closing and settlement statements, orders wires, and authorizes funding for all loans submitted. Communicates with branch and corporate employees and settlement agents in a timely, efficient, and courteous manner.

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Essential Job Functions

  • Gathers CPL, wire instructions, title fees, complete verbal employment verifications, request payoffs

  • Reviews title commitment and all documents in loan file that are needed for closing to ensure accuracy

  • Orders, prepares, and delivers closing documents in timely manner to meet compliance with regulation timelines and to help ensure on-time closings

  • Reviews file for optional table funding

  • Reconciles invoices, inputs and reviews final closing and settlement fees

  • Submits preliminary and final closing documents to settlement agents and loan originators

  • Prepares wire/funding requests and submits to warehouse funding and/or investor

  • Reviews completed closing documents for accuracy

  • Authorizes the disbursement of the loan proceeds to settlement agent or works with the funder to ensure authorization is issued

  • Understands and strives to meet or exceed all operational metrics

  • Assists with post-closing issues to ensure sale of loan

Non-essential Job Functions

  • Participates in team efforts to achieve departmental and company goals

  • Adopts Fairway values in personal work behaviors, decision making, contributions and interpersonal interactions

  • Contributes to a positive work environment by demonstrating cultural expectations and influencing others to reward performance and value "can do" people, accountability, diversity and inclusion, flexibility, continuous improvement, collaboration, creativity and fun

  • Performs other duties as assigned

Required Knowledge and Experience

  • Solid knowledge and understanding of Document Prep Vendor

  • Solid knowledge and understanding of Encompass

  • Extensive knowledge and understanding of a variety of loan programs: Conventional, FHA, USDA, and VA

  • Extensive knowledge and understanding of TLTA and ALTA commitments

  • Extensive knowledge and understanding of high cost, FMNA 5%, HOEPA, and HPML

  • Extensive knowledge and understanding of TRID closing regulations

  • Extensive knowledge and understanding of customer service and intrapersonal best practices

  • Extensive knowledge and understanding of mortgage loan programs and documents

Required Education and Experience

  • High School diploma or equivalency degree

  • 3+ years of mortgage banking experience in closing and/or document preparation preferred

  • 2+ years of general mortgage banking preferred

  • Demonstrated experience discussing complex business and technology issues with business users and customers

  • Demonstrated experience researching information, problem solving, and making solid business decisions

  • Demonstrated experience in analyzing, interpreting data, and critical thinking

  • Demonstrated experience utilizing multiple technology platforms simultaneously

  • Demonstrated experience effectively managing relationships with internal and external partners

  • Demonstrated experience working in a fast paced and changing environment

  • Demonstrated experience with attention to detail, written and oral communication, time management, multi-tasking, and working in a team atmosphere adhering to tight deadlines

  • Demonstrated experience with MS Office software products including 10 key

Physical Environment

  • This position is primarily a work remote position

  • This position involves extended periods of time sitting at a computer in a desk

Travel Expectations

  • Local travel may be required for company or career-related meetings, programs, or events

Reasonable Accommodations

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.