Job Description

National Mortgage Fulfillment

The Closing Officer is responsible for coordinating and preparing the documentation required to facilitate the closing of 1-4 family residential mortgage loans. They ensure all required documents, terms, and conditions satisfy Popular Bank, Investor, State, and Federal requirements.

This role is an instrumental part of the mortgage loan process since the Closing Officer is responsible for facilitating communications with all transaction stakeholders, document collection, and service orders required to meet closing deadlines, client expectations, and the established service level standards of Popular Bank. Additionally, the Closing Officer will perform post-closing and post-funding functions required to deliver the loan to the end investor, or in the case of loans held in our portfolio, ensure the safe delivery of our complete collateral documentation to our custodial bank.

 

In this position, you will:

 

• Monitor and track estimated closing dates on all active loans to assure closing dates are met
  
   
• Review approved loans to determine conditions that must be met prior to closing
  
   
• Review loan files for proper compliance with Popular Bank, investor, state, and federal requirements
  
   
• Reviews and ensures the accuracy of documentation such as the title policy, insurance policy, and legal documentation
  
   
• Reviews and validates the loan closing costs associated with the mortgage loan for accuracy
  
   
• Prepares and delivers the loan closing figures and required documents for closing, including but not limited to the Closing Disclosure and loan closing package
  
   
• Coordinate loan closing with applicant, loan processor, underwriters, loan originators, title company, and legal counsel
  
   
• Maintain applicant communication and addresses the applicant's questions
  
   
• Ensures all necessary loan documentation is completed and delivered in a timely manner
  
   
• Identifies and resolves any errors and omissions with documentation
  
   
• Facilitates post-closing and post-funding tasks
  
   

To be considered, you will need:

 

• High School Diploma or equivalent
  
   
• 5+ years’ experience as a mortgage loan closer
  
   
• Prior use of Encompass Loan Origination System within the last 3 years
  
   
• Knowledge of mortgage lending programs including Non-Conforming, Fannie Mae, and Freddie Mac guidelines, as well as the use automated underwriting systems
  
   
• Knowledge of federal regulations including but not limited to: TRID, RESPA, HMDA, ECOA, FCRA, FDPA, and Reg Z
  
   

Base Salary & Benefits

  Our base salary for this position located in New York City generally ranges between $60,000.00 and $75,000.00 annually, depending on business need and on your qualifications and experience. Base salary does not include incentive compensation, commission, or any other type of remuneration or benefits.

In addition to salary, Popular's well-rounded benefits package for regular full-time and part-time employees includes a comprehensive health plan, flexible time off options, and savings and investment plans. Seasonal/temporary employees are not eligible for these benefits.

Important: The candidate must provide evidence of academic preparation or courses related to the job posting, if necessary.

 

ABOUT US

Popular is Puerto Rico’s leading financial institution and have been evolving since it was founded over a century ago. From a small bank it has developed into a large corporation that offer a wide variety of services and financial solutions to our customers, with presence in the United States, the Caribbean and Latin America.

As employees, we are dedicated to making our customers dreams come true by offering financial solutions in each stage of their life. Our extensive trajectory demonstrates the resiliency and determination of our employees to innovate, reach for the right solutions and strongly support the communities we serve; therefore, we value their diverse skills, experiences and backgrounds.

We reaffirm our commitment to always offer essential financial services and solutions for our customers and communities, including during emergency situations and/or natural disasters. Popular’s employees are considered essential workers, whose role is critical in the continuity of these important services even under such circumstances. By applying to this position, you acknowledge that Popular may require your services during and immediately after any such events.

If you have a disability or need more information about requesting an accommodation, please contact us at asesorialaboral@popular.com . This email inbox is monitored for such types of requests only . All information you provide will be kept confidential and will be used only to the extent required to provide needed exemptions or reasonable accommodations. Any other correspondence will not receive a response.

 

Are you ready for a rewarding career?

 

Popular is an Equal Opportunity Employer
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Job Tags

Full time, Temporary work, Part time, Seasonal work, Immediate start, Flexible hours,

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