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Asset Based Lending · 1 day ago

Mortgage Loan Closer

Cherry Hill, NJ

Full-time

Hybrid

Mid, Senior Level

$60K/yr - $65K/yr

3+ years exp

Asset Based Lending is a leading hard money lender in the U.S., specializing in fast Bridge financing for real estate investors. The Mortgage Loan Closer will manage the final phases of the loan origination process, ensuring documentation accuracy and compliance while coordinating with various stakeholders for seamless loan closings.

LendingReal EstateService Industry

Hiring Manager

Rachel Everett

Responsibilities

Coordinate and schedule loan closings with title companies and/or settlement agents, ensuring timely alignment and document delivery; manage a pipeline of 20-30 loans and meet performance requirements for volume, quality, and timeliness

Review tax certifications and insurance documentation to determine the appropriate amounts and ensure the correct amounts are collected

Prepare, review, balance, and approve initial and final HUD Settlement Statements, to accurately summarize transaction financials, ensuring accurate loan terms and fees

Input and confirm required data, generate, evaluate, validate, approve, and send closing packages and instructions; ensure packages meet requirements and are delivered within established deadlines

Examine and prepare loan documents, such as promissory notes, deeds of trust, security instruments, and supporting paperwork, to verify accuracy, completeness, and adherence to company policies, hard money lending practices, and state/federal regulations

Perform peer reviews and quality control checks on team members' work using checklists to ensure accuracy and completeness

Partner with the funding team to confirm wire amounts and authorize disbursements

Receive, inventory, and review closed loan packages from settlement agent; source, compile, and address any missing documentation or information; handle post-closing tasks, such as resolving audit findings, filing documents, and updating systems

Serve as liaison between Asset Based Lending and closing agents; actively engage and communicate with borrowers, title companies, attorneys, real estate agents, brokers, and other internal/external parties to collect missing documents, resolve issues, email final figures, and provide regular updates on corrections and loan status

Demonstrate behaviors aligned with the organization’s desired culture and values, including a commitment to excellence, teamwork, and process improvement

Qualification

Loan closing experienceHard money lending knowledgeMortgage loan documentationAttention to detailCommunication skillsMultitasking abilitiesCertification as Mortgage CloserNotary public certificationOrganizational skillsProblem-solving skills

Required

At least 3-5 years of experience in loan closing, escrow, title, or a similar role within the mortgage industry; experience in hard money or private lending is highly desirable

In-depth knowledge of hard money lending practices, mortgage loan documentation, and relevant federal/state regulations

Exceptional attention to detail, organizational, and multitasking abilities

Strong communication and interpersonal skills for building relationships with stakeholders

Ability to problem-solve effectively, work under pressure, and meet tight deadlines in a high-volume environment