What does a post closer do?
Post closers require an associate degree or certification in addition to 1-3 years of related experience. Skills in customer support, document review, loan processing, quality assurance processing, and loan software are also necessary for this career. Port closers assist with the mortgage loan closing process by reviewing loan documents for compliance, completeness, and accuracy. They also find missing information, prepare files and provide internal and external customer support.
Post closer responsibilities
Here are examples of responsibilities from real post closer resumes:
- Manage individual pipeline using the LPS system.
- Review all types of loans (i.e., conventional, FHA, VA) for program accuracy and compliance.
- Prepare HUD-1 settlement statements, review balance sheet, doc prep closing package, disburse checks and balance ledgers.
- Partner with secondary investors to resolve loan irregularities to ensure files meet HUD, HMDA, and RESPA guidelines.
- Review Hud-1 or settlement statements for accuracy.
- Prepare conveyance package for clients.
- Track and report HMDA information for compliance auditing.
- Review each loan to make sure they meet HMDA guidelines.
- Review and maintenance of loans, working with inbound service calls regarding foreclosure settlements.
- Convey properties to HUD by completing and uploading a conveyance package to the mortgage company clients.
- Document execute, foreclosure referral, time transmittal, audit responses, invoice management and mortgagor and neighbor complaints.
- Prepare RESPA documents and forward information to customers.
- Verify legitimacy of documents as a notary public.
- Document is reviewed for signatures and notary stamp/signature.
- Post editing of wedding photography using Photoshop and Lightroom
Post closer skills and personality traits
We calculated that 17% of Post Closers are proficient in Loan Packages, Post-Closer, and FHA. They’re also known for soft skills such as Detail oriented, Initiative, and Communication skills.
We break down the percentage of Post Closers that have these skills listed on their resume here:
- Loan Packages, 17%
Audited loan packages after closing to ensure completeness and accuracy.
- Post-Closer, 16%
Supervised the Post Closing Department and trained all new employees for the post-closer position.
- FHA, 8%
Track missing FHA loan documents/collateral files and resolve collateral exceptions reported by investors.
- Va, 8%
Check all closing packages for accuracy and ensure closing conditions are met for conventional conforming and non-conforming loans and FHA/VA loans.
- Escrow, 6%
Designed instructional materials that enabled escrow personnel to properly identify HUD coding requirements, and disbursement processes.
- Mers, 5%
Registered and transferred servicing rights of closed loans via MERS (Mortgage Electronic Registration System) to investors.
Most post closers use their skills in "loan packages," "post-closer," and "fha" to do their jobs. You can find more detail on essential post closer responsibilities here:
Communication skills. post closers are also known for communication skills, which are critical to their duties. You can see how this skill relates to post closer responsibilities, because "financial clerks should be able to explain policies and procedures to colleagues and customers." A post closer resume example shows how communication skills is used in the workplace: "direct and indirect communication with hud and va field offices. "
Math skills. A big part of what post closers do relies on "math skills." You can see how essential it is to post closer responsibilities because "the job duties of financial clerks includes calculating charges and updating financial records." Here's an example of how this skill is used from a resume that represents typical post closer tasks: "run excel reports to assist management with daily statistics maintain attendance logs contact notaries and verify status of loan closings"
Organizational skills. Another crucial skill for a post closer to carry out their responsibilities is "organizational skills." A big part of what post closers relies on this skill, since "financial clerks must be able to arrange files so they can find them quickly and efficiently." How this skill relates to post closer duties can be seen in an example from a post closer resume snippet: "received praise for excellent organizational skills and promptness with special files and requirements. "
The three companies that hire the most post closers are:
- The Orchard12 post closers jobs
- CMG Financial2 post closers jobs
- CARE1 post closers jobs
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Compare different post closers
Post closer vs. Loan documentation specialist
A loan documentation specialist is primarily in charge of assisting clients in preparing and processing their loan applications, ensuring convenience and client satisfaction. Their responsibilities typically revolve around liaising with clients to identify their needs, explaining the extent of procedures, gathering and verifying requirements, and maintaining records of all transactions. They must also help staff in analyzing documentation and participate in training new workers. Furthermore, as a loan documentation specialist, it is essential to devise strategies to optimize documentation services, all while adhering to the company's policies and regulations.
While similarities exist, there are also some differences between post closers and loan documentation specialist. For instance, post closer responsibilities require skills such as "post-closer," "va," "escrow," and "mers." Whereas a loan documentation specialist is skilled in "customer service," "real estate loans," "underwriting guidelines," and "loan products." This is part of what separates the two careers.
Loan documentation specialists earn the highest salaries when working in the finance industry, with an average yearly salary of $38,666. On the other hand, post closers are paid more in the insurance industry with an average salary of $40,625.On average, loan documentation specialists reach similar levels of education than post closers. Loan documentation specialists are 2.3% more likely to earn a Master's Degree and 0.4% less likely to graduate with a Doctoral Degree.Post closer vs. Mortgage service specialist
A Mortgage Service Specialist is an expert in mortgage administrative aspects. They review and verify loan application information, file borrower information, and process paperwork with the lending bank. They also authorize and recommend personal and commercial loans for approval. Math skills are necessary for this job for accuracy in calculating both the principal and interest amounts. They should also develop skills in handling transactions, foreclosing loans, communication, attention to detail, and customer service.
Each career also uses different skills, according to real post closer resumes. While post closer responsibilities can utilize skills like "loan packages," "post-closer," "escrow," and "mers," mortgage service specialists use skills like "mortgage loans," "customer service," "escrow analysis," and "inbound calls."
Mortgage service specialists may earn a lower salary than post closers, but mortgage service specialists earn the most pay in the finance industry with an average salary of $37,778. On the other hand, post closers receive higher pay in the insurance industry, where they earn an average salary of $40,625.Average education levels between the two professions vary. Mortgage service specialists tend to reach similar levels of education than post closers. In fact, they're 1.4% more likely to graduate with a Master's Degree and 0.4% less likely to earn a Doctoral Degree.Post closer vs. Loan servicing specialist
A loan servicing specialist is an individual who reviews, authorizes, and recommends commercial and personal loans for approval. It is the loan officer who meets with their applicants to identify their creditworthiness. Typically, they work at credit unions, commercial banks, mortgage companies, and financial institutions. They ensure operational risk controls, regulatory policies and standards, and compliance. Among the skills necessary for the job include customer service and relations, leadership, analytical skills, and communication skills.
Some important key differences between the two careers include a few of the skills necessary to fulfill the responsibilities of each. Some examples from post closer resumes include skills like "post-closer," "va," "escrow," and "mers," whereas a loan servicing specialist is more likely to list skills in "loan modifications," "customer service," "foreclosure process," and "real estate. "
Loan servicing specialists earn the best pay in the finance industry, where they command an average salary of $59,466. Post closers earn the highest pay from the insurance industry, with an average salary of $40,625.loan servicing specialists typically earn similar educational levels compared to post closers. Specifically, they're 1.4% more likely to graduate with a Master's Degree, and 0.3% more likely to earn a Doctoral Degree.Post closer vs. Mortgage loan specialist
Also called a loan officer, a mortgage loan specialist assists clients in finding the appropriate financial aid for homes and other properties. Mortgage loan specialists look for new applicants, secure the right loans, assist with the documentation, and supervise the financing process. They collect and review the financial information of their clients for loan grant eligibility. It is important that they develop skills in financial processes, customer service, time management, and communication.
Types of post closer
Updated January 8, 2025
