A closer is responsible for a number of tasks related to closing loans. This includes overseeing and managing loan processing within the company's policies. They must maintain excellent communication with customers, staff, and any other relevant parties to ensure a proper and timely settlement. They also send written requests and make phone calls to parties involved in the loan to obtain additional information as needed. Additionally, a closer is responsible for obtaining and preparing information needed to close a loan. Closers typically work in an office setting during regular business hours, although overtime may be required depending on the needs of the company. Businesses that offer loans, such as banks, are typical employers for closers.
Answer questions regarding closing requirements.
Maintain communication with brokers partners and closing/settlement agents with loan status.
Authorize funding upon verification of all documentation.
Order credit reports, appraisals, title insurance, and all other certifications as necessary.