How do I become a post closer?
To pursue a career as a post closer, you typically need at least a high school diploma and mortgage loan experience, or an associate degree and professional training. Additional qualifications include attention to detail and excellent communication skills.
How much do mortgage post closers make?
Post Closer Salaries
| Job Title | Salary |
|---|---|
| AimLoan.com Post Closer salaries – 4 salaries reported | $17/hr |
| Freedom Mortgage Post Closer salaries – 3 salaries reported | $44,927/yr |
| Homeside Financial Post Closer salaries – 3 salaries reported | $47,300/yr |
| Advisors Mortgage Group Post Closer salaries – 3 salaries reported | $38,662/yr |
What is a senior post closer?
A Mortgage Post Closer assists with mortgage loan closing process by reviewing loan documents for compliance, completeness and accuracy. Obtains missing information, prepares files, and provides support to internal and external customers.
What does a post closer make?
Post Closers in America make an average salary of $35,162 per year or $17 per hour. The top 10 percent makes over $44,000 per year, while the bottom 10 percent under $27,000 per year.
What is Post close?
“Post Closing” is when the title company dots the i’s and crosses the t’s. This is where all of the documents signed at the closing table are properly filed and/or mailed to the appropriate parties and all necessary payments as itemized on the settlement statement (HUD) are sent out as scheduled.
What do post closers make?
What does a closer do in mortgage?
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.
What comes after post closing?
Eventually, after the recording process is complete, the original Deed and Deed of Trust are returned to post-closing, which in turn forwards the original Deed to the new homeowner and the original Deed of Trust to the lending bank. Depending on the jurisdiction, this could take up to six months.
Why post closing is required?
Post-closing is a step that follows the mortgage closing process. In this stage, the closed loan package is monitored to ensure all trailing documents are gathered and processed and all investor guidelines (tax, insurance, etc.) are met for loan saleability.
What is a loan closer?
What Does a Mortgage Loan Closer Do? Mortgage loan closers work for banks and other lending institutions. After a mortgage loan is approved, the mortgage loan closer reviews all submitted data and paperwork then prepares closing documents, such as the final closing disclosures and estimated settlement statements.
How do I become a loan closer in Florida?
Requirements and Qualifications
- A high school diploma or equivalent.
- An associate degree in finance or business a plus.
- 2+ years of experience in mortgage closing, origination, escrow, or title.
- Familiarity with governmental requirements for mortgage loan processes.
Is a closer the same as an underwriter?
After your loan is approved by the Underwriter, it moves to the Mortgage Closer. At this point the loan is approaching the finish line!
Can I lose my mortgage after closing?
Yes. For certain types of mortgages, after you sign your mortgage closing documents, you may be able to change your mind. You have the right to cancel, also known as the right of rescission, for most non-purchase money mortgages. A non-purchase money mortgage is a mortgage that is not used to buy the home.
Do you pay mortgage right after closing?
Typically, you can estimate it by adding a month to the closing date, then figure your payment will be due on the first day of the following month. For example, if you close on your mortgage on March 12, your first payment would be due on May 1. After that, you’d owe a mortgage payment on the first of each month.
What is post closing process?
How do I become a remote loan closer?
The qualifications to become a remote mortgage loan closer are a high school diploma and several years of experience closing loans. Employers prefer applicants who have experience with a specific type of mortgage, usually residential or commercial, and may accept additional work experience in lieu of education.