Article

What does a Mortgage Closer do?

Learn all about Mortgage Closer duties, skills and much more. Get expert advice on how to become a Mortgage Closer.

Photo of Brenna Goyette
Brenna Goyette
Certified Professional Resume Writer, Career Expert

Published 4 min read

A mortgage closer is responsible for ensuring that all documents related to a mortgage loan are complete and accurate. This includes reviewing loan documents for completeness, accuracy, and compliance with regulations; preparing loan documents for closing; and coordinating with other parties involved in the loan process to ensure that the loan closes on time.

Mortgage Closer job duties include:

  • Review loan documents for accuracy and completeness
  • Obtain missing or corrected loan documents as needed
  • Prepare loan closing documents
  • Schedule loan closing with borrower, lender, and other parties
  • Conduct loan closing meeting
  • Verify that all loan conditions have been met
  • Collect and disburse loan funds
  • Record the loan in the lender's system
  • Notify parties of loan funding

Mortgage Closer Job Requirements

Most mortgage closers have at least a high school diploma, although some jobs may require postsecondary education, and most employers provide on-the-job training. Some jobs may require certification from the Mortgage Bankers Association or other professional organizations. Mortgage closers typically have several years of experience in the mortgage industry.

Mortgage Closer Skills

  • Ability to work in a fast-paced environment
  • Strong attention to detail
  • Excellent written and verbal communication skills
  • Strong organizational skills
  • Ability to meet deadlines
  • Ability to multitask
  • Knowledge of mortgage closing documents
  • Ability to work independently
  • Proficient in Microsoft Office Suite
  • Notary public certification (preferred)
  • Title insurance experience (preferred)
  • Real estate experience (preferred)

Related: Top Mortgage Closer Skills: Definition and Examples

How to become a Mortgage Closer

A mortgage closer is responsible for ensuring all documents are in order and coordinating the closing of a mortgage loan. The closer works with the borrower, lender, real estate agent, and title company to make sure everyone is on the same page and that the loan closes in a timely manner.

The first step to becoming a mortgage closer is to get a degree in business or finance. This will give you the basic knowledge you need to understand the financial documents involved in a mortgage loan. You should also consider getting certified as a Mortgage Loan Originator (MLO). An MLO certification will give you an edge when applying for jobs and show potential employers that you are serious about your career.

Once you have your degree and/or certification, you can start applying for jobs at banks, credit unions, or mortgage companies. Many times, entry-level positions will be titled “mortgage loan processor” or something similar. As you gain experience, you can move up into a closer role.

As a mortgage closer, your day-to-day tasks will involve reviewing loan documents for accuracy, ordering title insurance, coordinating with the settlement agent, and scheduling the closing date. You will need to be detail oriented and organized, as well as have excellent communication skills. It is also important to be able to work under pressure and meet deadlines.

If you are interested in a career as a mortgage closer, start by getting your degree or certification in business or finance. Then look for entry-level jobs at banks or mortgage companies. With hard work and dedication, you can move up into this rewarding career!

Related: Mortgage Closer Resume Example

Related: Mortgage Closer Interview Questions (With Example Answers)