Escrow closer vs loan closer

Differences between escrow closer and loan closer duties and responsibilities

Escrow closer example responsibilities.

• Manage escrow department for title insurance company.
• Coordinate REO property closings with agents, lenders and buyers.
• Officiate and serve as notary public for residential real estate transactions.
• Process purchase transactions for buyers and sellers by ordering payoffs, HOA, bills, utilities etc.
• Verify pricing, points, credits, and all escrow information for FHA, VA and MHDC purchase statements.
• Order HOA resale documents, home warranties, payoffs, clear funding conditions, disburse funds and administer all post-closing procedures.
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Loan closer example responsibilities.

• Time management and organization skills to effectively prioritize multiple objectives and achieve volume goals.
• Update files by obtaining annual and interim financial statements, renew insurance policies and UCC amendments, continuations and terminations.
• Maintain a working knowledge of government underwriting policies pertaining to multiple programs such as VA, USDA, and FHA financing.
• Gain knowledge of requirements establish by the FHA/VA, FNMA, FHLMC and private investors.
• Prepare the delivery of mortgage loan documents to facilitate the processing of mortgage loan closings including TRID.
• Prepare loan documents for retail mortgages (conventional, VA, FHA), all states in a paperless environment.
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