What does a mortgage closer do?

After your loan is approved by the Underwriter, it moves to the Mortgage Closer. At this point the loan is approaching the finish line!

In this final step, the Mortgage Closer looks over all the paperwork to ensure the collected data is accurate, organized properly, meets state and federal regulations, and is on track for the loan to be funded.

The Mortgage Closer coordinates the closing schedule with the title company and provides a settlement document for review and approval. Once they have given the okay, the Mortgage Closer provides the complete closing package which the buyer will sign at the closing. This package includes the final loan application, loan estimate and closing disclosure, title insurance documents, deed of trust, bill of sale, affidavit of title, and tax documents, among others.

Another responsibility of the Mortgage Closer is preparing the final loan estimate and closing disclosure to the borrowers and real estate agents so everyone can review them prior to closing.

The role of Mortgage Closer is important in making sure the mortgage closing process goes as smoothly as possible.


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