Loan Closing Coordinator Jobs in New York
A Loan Closing Coordinator in the banking industry is a crucial part of the loan process and is responsible for ensuring that all necessary aspects of the loan closing process are met. Their duties include coordinating with loan officers, underwriters, and clients, reviewing loan documents for completeness and accuracy, and ensuring that all conditions of loan approval are met before the closing date. They also work closely with loan servicing and escrow companies to guarantee that all necessary steps are taken for the transfer of property ownership. The Loan Closing Coordinator plays a significant role in maintaining excellent customer service and ensuring all loans are closed in a timely manner.
To become a successful Loan Closing Coordinator, one should have strong organizational and communication skills, detail-oriented nature, and able to work under pressure to meet deadlines. Knowledge of the banking industry, loan processes, and real estate transactions is essential. As for certifications, some companies require a degree in Finance, Business, or a related field, while others might prefer candidates with relevant certification like Certified Loan Processor (CLP), Certified Mortgage Processor (CMP), or Certified Master Loan Processor (CMLP). They are likely to have gained experience in roles such as Loan Processor, Loan Officer, or Underwriter before stepping into the role of a Loan Closing Coordinator.
Critically analyze supporting loan documentation, address any differences if relevant, and ensure loan is booked in accordance with underwriting approval....
Verifies and inputs loan information accurately into loan origination system. Verifies Prior to Document conditions have been signed off....
EDUCATION AND EXPERIENCE PREFERRED: Prior Mortgage experience in Mortgage Closing whether at a Lender, Title Company or Settlement Agent's office. Solid knowledge of Department software....
Liaison for the gathering of information for submission of loans for Closing Disclosure (CD) Issuance. Collaborate with applicable parties to meet target close date through time management of...
Process all loan modifications including complex restructures Process all loan assignments as part of loan syndication or movement within co-lender funds Complete new deal set-up activities including...
Verifies and inputs loan information accurately into loan origination system. Verifies Prior to Document conditions have been signed off....
Reviews signed loan documentation on new construction loans for consistency with loan approval. 2....
Overview This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office located in New York City or Morristown, New Jersey. The VP,...
And provide status updates to the Loan Officers; act as liaison for loan officers, lender, borrowers, closing attorney and underwriter....
Education and Experience Preferred: Prior Mortgage experience in Mortgage Closing whether at a Lender, Title Company or Settlement Agents office. Solid knowledge of Department software....
Loan Trading Settlement / Par Loan Closer Key Responsibilities: Prepare, post & review LSTA/LMA standard documents and other various loan documents including trade confirms, assignment agreements,...
KNOWLEDGE, SKILLS & ABILITIES REQUIRED: One (1) year of mortgage banking experience, preferable in loan processing High school diploma required Excellent communication skills (oral, written and phone...
Prior Mortgage experience in Mortgage Closing, whether at a Lender, Title Company, or Settlement Agent's office. Solid knowledge of the Department software....
CLO Associate/Loan Closer Job Description-1-4 years Manage day to day activity of CLO warehouses. Communicate trade flow between fund managers and TRS provider. Communicate/fix discrepancies....
Demographic Data for New York
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Loan Closing Coordinator Online Courses and Training Opportunities
Salary for Loan Closing Coordinator Jobs in New York
Highest Education Level
Loan Closing Coordinators in New York offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Closing Coordinator position
- Title Insurance
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- BSA
- Federal National Morgage Association
- Federal Housing Administration
- Loan Documentation
- Commercial Banking
- Commercial Lending
- Fannie Mae
- FHLMC
- Freddie Mac
- Loan Processing
- Tila Respa Integrated Disclosures
- VA Loans
- Know Your Customer
- OFAC
- Encompass
- Mortgage Processing
- Wire Transfers
- Financial Services
- USDA
- Loan Servicing
- Mortgage Servicing
- Underwriting
- Anti-Money Laundering
- Appraisal
- Due Diligence
- File Management
- Real Estate
- Problem Resolution
- Finance
- Closing
- Accounting
- High School Diploma
- Auditing
- Written Communication
- Microsoft Outlook
- Documentation
- Filing
- Regulations
- Reporting
- Policy Development
- Sales
- Multitasking
- Microsoft Office
- Problem Solving
- Microsoft Excel
- Microsoft Word
- Time Management
- Staff Supervision
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
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