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Job Location | Bangalore |
Education | Not Mentioned |
Salary | Not Disclosed |
Industry | IT - Software |
Functional Area | General / Other Software |
EmploymentType | Full-time |
Job Summary: Once borrower application for a mortgage loan has been approved and borrower has received a commitment letter from the lender, the final step before borrower can call the house of his own is the closing process starts, or settlement. Closer first task is to complete closing input and send closing instruction for HUD- I preparation. After HUD is received then proceed with HUD- 1 approval by sending final closing documents for signing.Knowledge: Basic Knowledge of Loan Origination Cycle- Loan Application, Processing, Underwriting, Closing, Knowledge of different types of mortgage and its functioningKnowledge of functions of Title companiesBasic knowledge of Documents involved in ClosingBasic Understanding about HUD - 1 preparationBasic knowledge of Federal lawsShould have the basic understanding of closing documentsShould understand the role of Closing team and the Title company at the time of closingShould be able to explain the importance of critical closing documentsShould be able to explain the necessity of RESPAShould be able to explain the importance of recession date in fundingShould be able to understand various laws in different parts of US related to mortgageSkills & Ability: Good verbal and written communication skills are required to understand and update comments and communicate with various stake holders.Strong Customer Service Skills andShould have good analytical skills and have the ability to make decisions based on the situation.Should be Detail oriented.Should be able to effectively use a computer.Responsibilities: Updating loan information and closing related fees in Client applications Verifying Tax, HOI and Flood information Verifying escrow information on the loan Calculating pay off amount as per funding date Updating the loan required information in different client applications Completing the given target as per the clients requirements with 100% quality Education Qualifications: Bachelors Degree Additional Requirements: Minimum of 3 years of work experience in Mortgage Origination Willingness to work in Night Shifts Willingness to work on weekends based on Client requirement. ,
Keyskills :
basic instructing escrow communication his funding pay analytical tax underwriting step education house ommunicationskills analyticalskills governmentloans loanorigination writtencommunication customerservice