The HM Post Closing Specialist manages warehouse unpurchased loan pipelines and ensures loans are fully prepared for delivery to investors or insurance agencies.
This role involves obtaining and reviewing necessary documentation, performing compliance and ad hoc audits, and providing suspense and error trend analysis to Operations Centers.
The specialist will also address any issues that arise after loan closing.
Key Responsibilities:
Manage post-closing activities, including clearing investor or agency suspense conditions.
Work with EMB lenders, title companies, counties, and borrowers to resolve outstanding final documents and loan deficiencies.
Support insuring or guaranty processes for government loans.
Oversee the escrow holdback process.
Perform compliance audits and ensure adherence to applicable FAMC, state, and federal regulations.
Review and audit required closing documents from closing agents, ensuring all funding conditions are satisfied.
Review and audit original and final Closing Disclosures (CD) for any changes.
Coordinate with closing agents and brokers to obtain missing items at closing.
Conduct final document follow-up.
Release funding numbers to closing agents once all reviews and audits are complete.
Order and manage disaster inspections for properties located in affected areas.