Mortgage Loan Closer/Funder at New West Lending Inc

Job Title: Mortgage Loan Closer / Funder

Position Summary

The Mortgage Loan Closer / Funder is responsible for preparing, reviewing, and finalizing residential mortgage loan closing packages and ensuring loans are properly funded in accordance with company policies, investor guidelines, and regulatory requirements. This role serves as a critical control point to ensure accuracy, compliance, and timely disbursement of funds.

Key Responsibilities

Closing Responsibilities

• Prepare and review closing packages, including Closing Disclosures (CDs), notes, deeds of trust/mortgages, and settlement statements
• Ensure loan terms, fees, and conditions align with approved underwriting and investor requirements
• Coordinate closings with title companies, escrow agents, and settlement attorneys
• Balance loan files to ensure all fees, prorations, and cash-to-close figures are accurate
• Ensure compliance with applicable regulations, including TRID, RESPA, and TILA
• Deliver Closing Disclosures within required regulatory timeframes
• Clear all prior-to-close conditions and verify file completeness

Funding Responsibilities

• Review executed closing packages for completeness and accuracy prior to funding
• Verify all closing conditions and stipulations have been satisfied
• Confirm wire instructions and funding amounts with settlement agents
• Authorize and initiate funding (wire disbursements) in accordance with internal controls
• Ensure proper approval and segregation of duties in the funding process
• Balance and reconcile funding figures, including final HUD/CD
• Confirm post-closing delivery requirements are met for investors or warehouse lenders

Compliance & Risk Management

• Ensure adherence to federal and state regulations and investor guidelines
• Identify and resolve discrepancies or potential compliance issues prior to funding
• Maintain audit-ready loan files with complete documentation
• Follow internal controls related to wire fraud prevention and funding authorization

Qualifications

• High school diploma or equivalent required; bachelor's degree preferred
• 3+ years of mortgage closing and/or funding experience
• Strong knowledge of closing documentation and mortgage loan lifecycle
• Working knowledge of TRID and regulatory compliance requirements
• Experience with loan origination systems (e.g., Calyx and DocMagic
• Familiarity with warehouse lending and investor delivery requirements preferred

Core Competencies

• Exceptional attention to detail and accuracy
• Strong analytical and balancing/reconciliation skills
• Ability to manage multiple loans under tight deadlines
• Strong communication and coordination skills
• High level of integrity and adherence to internal controls

Work Environment

• Office-based
• Fast-paced, deadline-driven environment
• Frequent interaction with internal departments and external partners (title/escrow, investors, warehouse banks)

Preferred Qualifications (Optional)

• Notary Public (where applicable)
• Experience with wire platforms and fraud prevention tools
• Prior experience in delegated or non-delegated lending environments
• Multi-state experience