Thursday, March 9, 2017

Mortgage Closer Resume Template and Job Description

The mortgage market is still huge despite some problems during the late 2000’s crisis and it requires workforce to process the applications. Some of the people who do the routine work of checking documents, entering data, using software to produce reports and collaborate with loan officers, mortgage processors and underwriters are the mortgage closers.

This is an administrative job requiring attention to detail, accuracy and willfulness to learn all the standards and rules, as mortgage is a highly regulated area and compliance is the driving force behind the requirements. Most applicants are asked to demonstrate teamwork abilities, effective time management and excellent computer skills. Educational requirements include a high school diploma and relevant certification courses.

When applying and interviewing for a mortgage closer job demonstrate good organization skills and being able to handle large amounts of repetitive work without making mistakes.

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Tips for Mortgage Closers Resumes

Accuracy and compliance

A mortgage closer’s job revolves around ensuring compliance at a formal level by making sure all documents are submitted before the application is considered and at a deep level, checking the data recorded in the application, comparing the credit scores to the acceptable benchmarks. The candidate needs to have completed training and be proficient in regulatory requirements for different loan programs (HARP, FHLMC, FNMA). Previous experience in a bank or financial institution can help candidates quickly identify potential red flags.

Organized and efficient

Each day’s work implies processing applications in different stages along the pipeline. A good mortgage closer is able to switch between tasks and cases fast, produce a good approximation of the time needed for a file and keep up a constant pace. Put in the resume the average number of files processed daily or monthly to give a measure of your efficiency and professionalism. Give examples of the software you use to keep organized and keep track of the state each file has reached.

Team player

The closer is an important player in the mortgage granting team along with loan officers, underwriters and other financial specialists. They need to communicate clearly and efficiently, ask questions and put in all the necessary efforts to keep the pipeline flowing, looking for solutions each time something is out of the ordinary. Being positive and open helps to find ways and makes the whole team progress and create a good relationship with clients by offering fast and reliable service.

Mortgage Closer’s Resume Samples

The following resume samples and templates for mortgage closer can help you get a better idea of what your resume can look like.

mortgage closer resume template

A mortgage closer should always adjust their resume to the specific job description and make sure they highlight their strong points.

Additional Mortgage Closers Resume Tips

  • Mortgage types – Most mortgage closers tend to specialize in one or a few types of loans. This helps you become more acquainted with the necessary documentation and increase the processing speed. Give examples of the niches you are comfortable working in.
  • Process management – Even if the educational requirements for this job are medium the candidate should display excellent process management skills, knowing how to prioritize work, allocating sufficient time and resources and being oriented to get the best results.

The post Mortgage Closer Resume Template and Job Description appeared first on Online Resume Builders.

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