Loan Closer - Funder

Cornerstone Home Lending, a division of Cornerstone Capital Bank, is a unique national home lender with a reputation of amazing service, customer satisfaction, on-time closings, employee retention, and happiness. We employ people who are passionately committed to Cornerstone’s Mission, Vision & Core Convictions. Our brand is known for on-time closings - a key core conviction of Cornerstone. We have successfully navigated our company through many industry cycles and changes in regulations. 

We honor God by using our talents to make a positive difference in the lives of our Team Members, Clients, Shareholders, Communities, and the People who provide services to us.

Who we are looking for:
We are seeking an experienced Mortgage Closer with strong time management, organization, good work ethic, and flexibility to support our Customers and our Loan Officers deliver outstanding service. 

 What you’ll do:

• Prepare Closing packages 
• Provide funding authorization to Title/Escrow Agents 
• Review signed closing packages for accuracy 
• Understanding fee tolerances, how to handle tolerance violations, when 3 day wait periods apply 
• Ensure the closing package is fully complete and accurate and compliant, which includes but is not limited to: 
• Lender and seller credits are itemized 
• POC credits are itemized 
• Fees are listed in the correct sections 
• Fee entries are correct 
• Escrows set up properly 
• Ensure all date entries are completed to ensure accurate reporting and to ensure Loan Officer (and team) have visibility to the steps that have been completed 
•  Update status notes within the TRID form regarding communication with Loan Officer, borrower or settlement agent 

What you’ll need to be successful: 

Success in this job relies on your time management skills, organization, and positive attitude.  In addition, you’ll need the following qualifications:

• 5 years of closer/funder experience preferred
• Experience and extensive knowledge of new RESPA/GFE laws 
• Clear focus on detail and ability to recognize inconsistencies in data/documents 
• Detailed knowledge of Closing and Legal Documents (HUD-1, Note, Deed of Trust, Assignment, Title Binder) and Disclosure Documents (TIL, GFE, Right of Rescission, State-specific) 
• Ability to work in a “High Volume" environment 
• Great work ethic 
• Working with LoanSoft software a plus 
• Detailed knowledge of: 
  •  FHA/VA/USDA Loan Documents 
  • Credit Documents (DU/LP Findings, 1003, 1008, Credit Report, VVOE, Appraisal) 
  • Insurance Documents (Hazard, Flood, MI) 
  • MDIA Disclosure timing and APR rules 
  • TILA/RESPA LE/CD fee tolerance comparisons and change of circumstance 
  •  Understanding of compliance, underwriting, origination, or processing roles 

What we offer: Because we recognize and reward hard work, we offer a competitive salary, full benefits package, and a performance-based bonus. 

What to do next: If Cornerstone sounds like the place for you (and if you have the qualifications, drive, and passion to match), we invite you to become a member of our winning team! And remember, once you're part of our Cornerstone family, we'll continue to invest in you as a valuable asset in our company. As many of our team members can tell you, there's something special about working at Cornerstone.