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.