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Mortgage Loan Closer in New Haven, CT at KeyBank

Date Posted: 10/17/2020

Job Snapshot

  • Employee Type:
  • Location:
    195 Church Street
    New Haven, CT
  • Date Posted:

Job Description


The Mortgage Loan Closer is responsible for viewing loan approval conditions, insurance policies, title commitments, surveys, sales contracts, and all other related documentation to ensure that the loan will be closed in accordance with all legal requirements and investor guidelines. Authorizing closing of loan, recording of mortgage and disbursement of loan funds. Communicate with Loan Officers, Regional Sales Managers, clients and title companies to coordinate a smooth closing. Possess the ability to close an array of mortgage loan types while providing excellent internal and external customer service. Must have a complete knowledge of all loan types and documents including but not limited to Conventional, FHA, VA, USDA, and New Construction. Must demonstrate solid knowledge of the industry in terms of laws and regulations.

Verify that Title is free of extraneous liens, Ensure proper vesting and legal description, Adequate Homeowners Insurance is provided, Verify CPL, Verify Flood Certs, Verify Taxes
Monitor and maintain a pipeline to anticipate estimated closing date.
Competently review loan files to insure all conditions are cleared and file is ready to close
Entry of loan data into the origination system to produce closing documents.
Review and ensure the loan closing package is accurate, complete and documents meet all applicable agency and investor requirements.
Responsible for efficiently and effectively communicating with all parties involved in the transaction
Ensure receipt and review of Subordination Agreements as required in the Loan Approval.
Track and support information, ensuring the highest quality in loan document preparation and timely submission of loan packaging to the settlement agents.
Coordinate with Settlement Agent to obtain HUD-1/Closing Disclosure. Review HUD/Closing Disclosure for compliance with closing instructions and balance the HUD-1/Closing Disclosure.
Verification that all requirements of the loan process have been met prior to wire of funds
Keeps information accessible by sorting, organizing, and filing documents
Perform other job duties and assist with other office assignments when needed within the mortgage department


High school diploma or equivalent work experience required
Minimum of 2+ years residential mortgage loan closing experience strongly preferred
Working knowledge of FHA, VA and conventional guidelines for mortgage loan origination strongly preferred
Working knowledge of various regulatory guidelines (e.g., Truth-in-Lending, HMDA, RESPA, etc.) preferred
Ability to work in paperless system environment
Excellent written and verbal communication skills
Strong attention to detail with effective time management/organizational skills.
Ability to prioritize and meet deadlines
Ability to handle multiple tasks under tight time constraints with high volume
Must demonstrate the ability to work in a fast-pace, high volume, market driven work environment, while remaining motivated and focused completing repetitive, yet business critical tasks
Ability to handle confidential material in a professional, highly ethical manner.


KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.


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