Loan Closer Resume Sample

7 votes
Norma Muller
63967 Lenora Burg,  Houston, TX
+1 (555) 420 0121

Work Experience

Senior Loan Closer
02/2016 - PRESENT
Los Angeles, CA
  • Interfaces with Branch Officers, HMC’s, Escrow Officers, Title Officers, and Insurance Agents
  • Supporting MS’ in sales follow-ups as needed including discussing terms and negotiating rates as appropriate
  • Work experience in mortgage loan processing or equivalent work experience within the mortgage industry (e.g. title, escrow, insurance)
  • Protect Company’s reputation and image by maintaining Borrower confidence; deliver a high level of customer service and by keeping mortgage loan information confidential
  • Stand10-15% of workday
  • Sit 85-90% of workday
  • Use computer keyboard, typewriter, 10-key, and other office equipment
  • Ensure accuracy of documents received and data entry of key factors in to Loan processing system
  • Review Home Owners Insurance Documents for coverages and deductible
Loan Closer
05/2013 - 01/2016
Philadelphia, PA
  • Prepares the appropriate loan documents as directed that are needed to satisfy internal, external and regulatory requirements in accordance with loan program
  • Assists in coordinating and communicating commitment periods, loan terms, conditions, funding and recording dates to escrow
  • Reviews payoffs on existing loans, title commitments, surveys, and insurance information
  • Enters tickler and status data for all files to assist in monitoring and tracking appropriate document requirements
  • Responsibility includes but is not limited to: answer questions, review files, audit files, taking over files in a closer’s absence, training, preparing procedures/processes, and assist with post-closing
  • Preferably 2-4 years of understanding the intricacies of the loan syndicated market and documentation driven transactions
  • Interpret legal documentation and translate in simplest terms
  • Support the settlement process of loan syndications, secondary loan trades, CLO’s, restructures, privates, infrastructure debt, renewable power, direct lending and trade claims including funding and documentation matters
Wholesale Junior Loan Closer
10/2007 - 01/2013
Detroit, MI
  • Maintain thorough knowledge of HomeStreet Capital’s policies and procedures for loan closing and of Fannie Mae’s and other investors’ guides and requirements for closing and delivery. Maintain thorough and up-to-date knowledge of commercial real estate documents and real estate law
  • Demonstrated understanding of strategic and risk management issues in closing and administration of loans with ability to balance risk and customer service
  • Demonstrated ability to negotiate and make decisions on non-standard loan structures and documentation and title policy issues and liens within guidelines and policies and procedures
  • Competent at Word and Excel. Able to quickly compose clear and concise letters and memoranda
  • Issue JLL’s loan commitments and confirmations
  • Create an accurate and high-quality loan closing package through data input in SGM’s LOS system and any other document preparation system used
  • Review of documents, including but not limited to: Closing Protection Letter, Title Commitment, Homeowner’s Insurance Declaration Page and invoices for various services (credit report, appraisal, etc.)
  • Oversee the day to day management of operations and identify opportunities to optimize


Washington State University Vancouver
2001 - 2006
Bachelor's Degree in Finance

Professional Skills

  • Demonstrate strong communication and decisions making skills and able to ‘think outside the box&#8217
  • Strong computer skills, including Microsoft applications with a concentration in Excel and a working knowledge of IBS (Metavante) and ACBS
  • Strong written and verbal communications skills, no issue with speaking to business partners on the phone
  • Negotiating skills (borrowers can be combative at times, cannot get easily frustrated)
  • Experience in mortgage environment, including 1 year experience in mortgage loan closing/funding
  • In closing and funding experience 2 years customer service experience
  • Solid computer skills including MS Office Suite programs

How to write Loan Closer Resume

Loan Closer role is responsible for computer, software, customer, microsoft, communications, accounting, mainframe, retail, finance, credit.
To write great resume for loan closer job, your resume must include:

  • Your contact information
  • Work experience
  • Education
  • Skill listing

Contact Information For Loan Closer Resume

The section contact information is important in your loan closer resume. The recruiter has to be able to contact you ASAP if they like to offer you the job. This is why you need to provide your:

  • First and last name
  • Email
  • Telephone number

Work Experience in Your Loan Closer Resume

The section work experience is an essential part of your loan closer resume. It’s the one thing the recruiter really cares about and pays the most attention to.
This section, however, is not just a list of your previous loan closer responsibilities. It's meant to present you as a wholesome candidate by showcasing your relevant accomplishments and should be tailored specifically to the particular loan closer position you're applying to. The work experience section should be the detailed summary of your latest 3 or 4 positions. Representative Loan Closer resume experience can include:

  • Excellent written and verbal communication skills.
  • Effectively present information in one-on-one and small group situations to employees and members of the Credit Union
  • Deliver complete and accurate closing documents to the necessary closing offices at least 48 hours prior to closing
  • Review and approve the final CD from the closing agent prior to authorizing the closing agent to fund the loan and release keys to the borrower
  • Loan processing experience in a commercial lending, real estate and/or leasing environment required
  • Closing and/or closing and processing Conventional/FHA/VA experience

Education on a Loan Closer Resume

Make sure to make education a priority on your loan closer resume. If you’ve been working for a few years and have a few solid positions to show, put your education after your loan closer experience. For example, if you have a Ph.D in Neuroscience and a Master's in the same sphere, just list your Ph.D. Besides the doctorate, Master’s degrees go next, followed by Bachelor’s and finally, Associate’s degree.

Additional details to include:

  • School you graduated from
  • Major/ minor
  • Year of graduation
  • Location of school
These are the four additional pieces of information you should mention when listing your education on your resume.

Professional Skills in Loan Closer Resume

When listing skills on your loan closer resume, remember always to be honest about your level of ability. Include the Skills section after experience. Present the most important skills in your resume, there's a list of typical loan closer skills:

  • One to three years related experience, preferably in a banking environment with proven SBA loan closing and customer service skills
  • Demonstrated ability to interact effectively with Title Agents, branch and corporate personnel
  • Good organizational, interpersonal communications and customer relations skills are required
  • Strong organizational skills to handle multiple transactions simultaneously with accuracy
  • Strong computer background with 3 - 5 years experience in mortgage software
  • Loan closing experience in a commercial lending, real estate and/or leasing environment required

List of Typical Experience For a Loan Closer Resume


Experience For Senior Loan Closer Resume

  • Write routine reports and correspondence, including email, using correct spelling and grammar
  • Attention to detail for accurately performing tasks and tolerating frequent interruptions
  • Properly documents any policy, credit and/or loan exceptions throughout the loan closing/funding process
  • Obtains documents necessary for funding and ensures they comply with the Loan Funding Policy
  • Timely submission of approved files to closing Retail and Private Banking associates
  • Confirms completion of the Loan Closing Summary and worksheets

Experience For Secondary Settlements Loan Closer Resume

  • Verifies the Closing Disclosure is in Compliance with the Loan Estimate
  • Generates the Closing Package and sends to appropriate parties
  • Creation of loan closing documents to be used by branch personnel to close home equity product loans with external customers
  • Familiarity with PC and mainframe lending software applications
  • Manage the Deal Set Up in Backshop for transition of the deal to Asset Management. This involves reviewing accuracy of data entry by third party contractors
  • Orders and compiles loan documents via LaserPro in preparation for closing
  • Prepares loan documents for closing
  • Funds all real estate loans, acquiring appropriate signatures on disbursements

Experience For Senior Trade / Loan Closer Resume

  • Prepare closing instruction letters
  • Subject matter expert of the onboarding tool as it relates to the core loan systems
  • Prepares files for shipping
  • Wire necessary funds to the closing agent within the required time frame
  • Become familiar with investors and State’s closing requirements, forms and procedures and comply
  • Monitor fees being charged, collected, and waived to ensure proper collection of fees and revenue
  • Follow up and obtain documents and/or corrections noted by Post Closing Department or investors
  • Assist Closing Supervisor as needed
  • Ensure all fees are properly & fully collected at closing

Experience For Wholesale Loan Closer Resume

  • Monitor timing of receipt of information / compliance certificates from portfolio companies
  • Disburse the loan proceeds in accordance with the SBA Loan Authorization
  • Work closely with third party monitoring company that is chosen by the bank to assist in the post-closing disbursements and inspections of the construction projects
  • Responsible for the accuracy of the loan file(s), including all packaging documents, satisfaction of credit conditions, and compliance with SBA Lending requirements as stated in the SBA SOP 50 10
  • Order third party reports as necessary, including appraisal report, environmental report, business valuation, UCC searches and corporate entity searches
  • Create SBA Loan Authorization according to the approved Credit Authorization and SBA guidelines
  • Responsible for reviewing various documents, such as the real estate purchase contract, business acquisition contract, letter of intent, lease (real estate and business personal property), subordination agreement, title commitment and lien searches as they pertain to a specific loan closing
  • Responsible for preparing post-closing disbursements
  • Work with loan operations to ensure that the SBA guaranty fee is paid in a timely manner

Experience For Transaction Loan Closer Resume

  • Create and maintain the Deal Contact List
  • Participate in all pertinent conference calls related to the loan transaction
  • Order third party reports and follow up for delivery of reports and invoices
  • Review Borrower Organization Chart for completeness; prepare, distribute and collect all KYC Credit Forms and order OFAC/background searches and credit reports in accordance with Company policy
  • Order and review the insurance consultant’s report and insurance certificates; follow up for the consultant’s review and mark-up of the insurance provision in the Loan Agreement
  • Prepare and distribute Investor Capital Call Notices and Funding Instructions to Investors, ACORE Operations and Accounting
  • Track loan expenses against the application deposit; coordinate for collection of required additional borrower funds with the Banking Team

Experience For European Middle Market Loan Closer Resume

  • Establish Clearing and Cash Management Accounts
  • Calculate loan escrows and reserves
  • Prepare the Loan Settlement Statement; coordinate with Title/Escrow to ensure their settlement statement accounts for all note amounts and charges
  • Review key loan documents for accuracy of loan terms, note splits, loan escrows and reserves
  • Review Interest Rate Cap Bid package for compliance to Company policy, accuracy of notional amount or advance schedule, strike rate and term
  • Verify Escrow’s receipt of funds necessary to close
  • Follow up on Loan Documents delivery from Outside Closing Counsel to the Custodian, with copies to Asset Management, Loan Servicing, and the Investor. Upload due diligence and applicable internal documents to documentation war rooms used to transition documents to Investors and Loan Servicer

Experience For Cres Loan Closer Team Lead Resume

  • Review the Greenlight Memo and Investment Committee Memo for comprehension of the deal and structure
  • Strong oral and written communication skills to act as liaison between escrow, closing counsels, borrower, banking teams, investors, and accounting to coordinate closing and funding
  • Adapt to changes in policy and procedure, have an entrepreneurial spirit and work independently with limited supervision
  • Ensures loan documents are prepared in compliance with Credit Approval, Credit Policy, Procedures and Regulatory requirements
  • Ensures all due diligence information is properly documented and imaged into the appropriate image file folders
  • Reviews file documentation for completeness and accuracy to ensure compliance with
  • Coordinates loan closings with appropriate parties to confirm that all conditions of the

Experience For Mort Loan Closer Resume

  • Prepares files for shipping, properly collated and in order with all documentation secured; prepares files for shipping within forty-eight hours of release of funds
  • Speak clearly, tactfully, and effectively to members, volunteers, and employees at all levels of organization. Ability to add, subtract, multiply, and divide in all units of measure,
  • Using whole numbers, common fractions, and decimals. Ability to compute rates, ratios, and percentages
  • Recognize and respect the complexity of SBA loans and the related processes
  • Comprehend and accommodate a diverse group of borrowers in which each requires a unique level of service and attention
  • Exercise due diligence to collect all required documents and ensure that SBA requirements are met

Experience For Cres Loan Closer Senior Resume

  • Prepare the loan files and related documents in accordance with SBA requirements and regulations
  • Contact borrowers as needed throughout the process
  • Order and review flood, and other required searches for accuracy
  • Collect and store documents
  • Prepare loan documents in LaserPro and SBA workflow
  • Coordinate new deal closings (e.g., construction loans, letters of credit, and bonds)
  • Reviews file documentation for completeness and accuracy to ensure compliance with CFCU policies, procedures, and product guidelines
  • Ensures proper method of delivery of disbursements to members, title companies, and wire transfers

Experience For Alcentra, Senior Loan Closer Resume

  • Funds all real estate loans and acquires appropriate signatures on disbursements
  • Keep database up-to-date
  • Confirm Loan Approvals
  • Balance A/R and A/P
  • And document appraisal payments
  • Review for accuracy all information in Loan Origination System required to close a loan
  • Coordinate closings with escrow coordinators, Branch Managers and Loan Officers

List of Typical Skills For a Loan Closer Resume


Skills For Senior Loan Closer Resume

  • Previous loan processing and/or servicing experience
  • 1 year of accounting or mortgage loaning experience
  • 1+ yrs of experience in a processing/loan closing production environment
  • Review CARM and create loan closing checklist for RM review. Checklist to be completed prior to loan funding
  • Retail lending closing experience
  • At least 6 months experience in mortgage closing or processing related functions, preferably in a Retail Mortgage environment

Skills For Secondary Settlements Loan Closer Resume

  • Recent real estate processing experience
  • Retail closing experience for a mortgage lender
  • Preferably 2-4 years’ experience in asset management/fund industry including the loan syndicated market
  • Experience in commercial and commercial real estate loan closing requirements and processes with emphasis on attorney prepared loan documents.
  • Able to operate 10-key adding machine and other business machines
  • Consumer and small business loan processing experience
  • Experienced with commercial loan documentation, including attorney prepared and LaserPro documentation

Skills For Senior Trade / Loan Closer Resume

  • Experience or 1 yr in a mortgage environment
  • Organised and able to prioritise work in a high pressure environment with the ability to manage a diverse workload to tight deadlines
  • Experience with escrow and notary coordination
  • Strong knowledge of TRID, RESPA and other federal compliance requirements and regulations
  • Strong knowledge and understanding of TRID, consumer and small business loan documentation required for closing
  • Thoroughly review loan files to verify completeness of data prior to preparing closing documents
  • Reviews loan documentation prior to funding to ensure that proper approvals are obtained and proper documents are enclosed
  • Balances funding worksheet prior to release of funds
  • Check all loan documents for correctness and accuracy prior to funding

Skills For Wholesale Loan Closer Resume

  • 10 Key experiences
  • Understanding and knowledge of lending documentation, internal loan processes and governmental regulations and requirements
  • Working knowledge of complex commercial real estate financing terminology, concepts, and structure
  • Ensuring all required data is reflected on the onboarding tool in a timely and accurate manner
  • Working knowledge of real estate documentation, underwriting policies, compliance, and procedures
  • Interpreting the note or credit agreement for new, renewed and modified loans
  • Knowledge of processing, underwriting and/or closing procedures/federal lending regulations governing real estate lending (i.e. Dodd Frank)
  • Ensure all processing and closing documents are prepared and executed according to SBA guidelines
  • Supports the Commercial lines of business and is part of the centralized Loan Operations Closing Team, reporting to the Closing Analyst Team Lead

Skills For Transaction Loan Closer Resume

  • Anticipate loan-closing requirements and maintain the proper timeline to manage funding volume in order to meet funding goals
  • Knowledge of residential real estate loan products and related processing and underwriting procedures and requirements
  • Proficient knowledge of loan closing processes and procedures, lending compliance and regulations, loan systems and loan documentation
  • Perform the necessary processing and closing requirements for all SBA 7(a) and SBA 504 loans
  • Manage and monitor a complex portfolio of flood regulatory issues representing a significant amount of risk
  • Ensure adequate work flow and meet various cut-off times during the day, as delegated

Skills For European Middle Market Loan Closer Resume

  • Manage and monitor a complex loan portfolio representing a significant amount of risk
  • Current recent working knowledge of RESPA 2010, HMDA and Appraisal Independence Requirements (AIR)
  • 0-3 Years - Loan Servicing
  • Current knowledge of closing and title requirements
  • Additional operational knowledge of fixed income bonds, derivatives, FX, TBA’s and Futures

Skills For Cres Loan Closer Team Lead Resume

  • Self-movitvated and highly organized
  • Knowledge of mortgage industry guidelines and regulation
  • Adept knowledge of Office programs
  • Identify and recommend process improvement efforts related to area(s) of expertise
  • Mitigate the Company’s documentation and operational risks, including serving as a screening process for issues impacting post-closing administration. Negotiate legal, policy and procedural components of loan documents, managing risks
  • Compare to Facility Letter/Credit Agreement to CARM bring discrepancies to the RM/TL/SVP’s attention (level of escalation to be governed by the Functional Approval Authority Matrix (FAAM)
  • Review Conditions Precedent items and compare to the CARM Application; bring discrepancies to the RM/TL/SVP’s attention (level of escalation to be governed by the FAAM
  • Assist RM in discussions with the external lawyer/Borrower/Borrower’s lawyer relative to questions on the Facility Letter/Credit Agreement and/or loan security

Skills For Mort Loan Closer Resume

  • Demonstrate product and functional knowledge of the bank loan market in order to communicate with the business and trading counterparties
  • Experience with FHA and VA loans
  • Related experience required
  • Prepare pre-funding due diligence Funding Request Due Diligence (FRDDC) for RM and TL’s approval
  • Ensure all required Know Your Customer (KYC) approvals are in place and signers on legal documents have been approved as applicable
  • Complete initial review of loan documentation (Non-Negotiable) and bring any discrepancies to attention of the RM/TL/SVP (per FAAM). Once reviewed forward to CRE Credit Services for further review
  • Reviewing of Credit Agreements to assess transferability requirements and restrictions

Skills For Cres Loan Closer Senior Resume

  • The closer is responsible for ensuring timely delivery and communication between both the Vendor and the client to avoid any delays or issues with the closing
  • Approves or denies loan proceeds disbursement within authorized limits. Maintains control of proper disbursement via wires, ACH or DDA accounts. Provides complete and quality data for accurate loan booking and servicing. 20%
  • Upholds data input quality in all Company systems to affect timely contract structuring and documentation, contract processing and funding, and to minimize negative impact on the applicants/borrowers or the Company. Responsible to rectify any inaccuracies or exceptions. 10%
  • Upholds data input quality in all Company systems to affect timely contract structuring and documentation, contract processing and funding, and to minimize negative impact on the applicants/borrowers or the Company. 10%
  • Support the settlement process of loan syndications, secondary loan trades, CLO’s, restructures, privates, and trade claims including funding and documentation matters
  • Knowledge of bank loan systems including, but not limited to, Wall Street Office and Clear Par, in order to ensure accuracy of LSTA/LMA documentation and calculation of trade proceeds
  • Prepare draft settlement statements and work directly with Title Company to complete final closing statements prior to disbursement of loan proceeds
  • Liaise with Administrative Agents with regards to KYC documentation, including administrative details, tax and fund formation documents

Skills For Alcentra, Senior Loan Closer Resume

  • Working knowledge of the maintenance and distribution of loan documentation inclusive of private and public amendments/ restructures and voting requirements with settled and trade date positions
  • Interface with internal and external parties, including underwriter, analyst, closing attorney, Title Company, servicing and asset management personnel
  • Responsible for performing pre and post closing functions including managing closing checklists to ensure that closing counsel has received all required documents to review and process the loan
  • Create and maintain working spreadsheet of status of loans closing for Fannie Mae and Freddie Mac loans
  • Assist Closers in the collection of loan closing materials from borrower team in preparation of closing packages
  • Review of required insurance accord forms and policies needed for closing

List of Typical Responsibilities For a Loan Closer Resume


Responsibilities For Senior Loan Closer Resume

  • Deliver excellent data integrity and accuracy while maintaining service level
  • Collect and document loan funding detail and prepare for disbursement
  • Provide HMDA reporting
  • Interface with processors and borrowers as needed to collect conditions of approval
  • Work under stress and meet deadlines expeditiously and accurately
  • High sense of professionalism

Responsibilities For Secondary Settlements Loan Closer Resume

  • Detail-oriented, ability to multi-tasked and organized
  • Draft investment checklist, ensure CP’s satisfied and internal sign-off in place
  • Liaise with Administrative Agents and/or internal legal and compliance team with regards to KYC documentation
  • The drafting and reviewing of LMA Par/Distressed trade documents; Trade Confirmations, Transfer Certificates, Sub-participation agreements, Multi-lateral netting agreements and Pricing Letters
  • Management of trade documentation deal sites, and ensuring public/private Chinese wall is effectively controlled
  • Liaising with the Operations trade settlements team to instruct the settlement of trades. Monitor the traders positions to ensure the trade and settled positions are reconciled at all times
  • Keep senior members of the closing team and trade desk apprised of potential issues with documentation and trade settlements

Responsibilities For Senior Trade / Loan Closer Resume

  • 0-3 Years - Data Entry
  • Read email & respond to attorneys, title company, appraiser, 3rd party vendo, property and environmental inspectors, bankers etc
  • Follow up with attorney and negotiate loan documents
  • Knowledge of commercial loan covenants required
  • Complete all due diligence associated with the satisfaction of approval and collateral lien perfection conditions prior to the preparation of loan closing documents including requesting, reviewing and critical interpretation of all third-party documents needed to issue the clear to close for both real estate and non real estate secured loans
  • Third-party documents consist of, but are not limited to, the following: real estate appraisals, valuation services, environmental reports, flood determinations, UCC searches, title searches or commitments, insurance documents, surveys and other documents as required

Responsibilities For Wholesale Loan Closer Resume

  • Effectively communicate with all parties, including field personnel and/or customers to expedite requests for loan documentation, while meeting underwriting, bank policy, compliance and regulatory requirements
  • Perform detailed analysis of tax and insurance requirements for escrow purposes
  • This role is based in our Pleasanton headquarters
  • Partner and collaborate with HL associates to ensure open communication, timely
  • Track loan processes

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