Title closer vs loan closer

Differences between title closer and loan closer duties and responsibilities

Title closer example responsibilities.

• Manage the ordering of homeowner's association estoppel letters for payoffs; as well as surveys and clear lien searches.
• Work with clients and lenders to clear title defects
• Obtain clearance and approval from lenders.
• Submit requests for additional information regarding each transaction (HOA, payoffs, etc . )
• Order mortgage-payoffs, HOA, surveys, and final utility bills for the purchased properties.
• Establish effective systems for preparing HUD-1 statements, closing statements and typing legal documents, contracts, deeds and affidavits.
Show more

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.
Show more