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We are looking for a detail-oriented Mortgage Closing Coordinator to join our team in Cambridge, MA for a 3-4 month project (Fully Onsite - No Hybrid/remote work option). In this contract role, you will oversee the loan closing process, ensuring compliance with legal and regulatory standards while maintaining the highest level of accuracy and efficiency. This position plays a critical role in facilitating seamless mortgage closings and supporting the broader loan processing team.
Job Responsibility:
Conduct thorough reviews of loan files to verify accuracy, completeness, and compliance with legal and regulatory requirements
Coordinate and schedule loan closings by collaborating with attorneys, lenders, and other stakeholders
Prepare and finalize legal documents required for mortgage and consumer loan closings
Calculate and disburse funds accurately, ensuring all financial transactions are properly handled
Monitor management reports to identify and resolve document deficiencies promptly
Ensure all closing processes align with federal, state, and bank policies to meet audit standards
Address compliance issues and deficiencies in loan documentation to ensure smooth audits
Assist the loan processing team with additional tasks as needed to maintain workflow efficiency
Liaise with internal and external parties to facilitate timely and accurate mortgage closings
Requirements:
Proven experience in mortgage processing, including consumer loans, FHA loans, and conventional loans
Proficiency in using tools such as Desktop Underwriter (DU) and Loan Prospector (LP)
Strong understanding of closing documents, contracts, and procedures
Knowledge of regulatory and compliance requirements in the banking industry
Excellent attention to detail and organizational skills
Ability to coordinate and communicate effectively with attorneys, lenders, and other stakeholders
Familiarity with audit preparation and addressing compliance deficiencies
Strong analytical skills to calculate and disburse funds accurately
What we offer:
medical, vision, dental, and life and disability insurance