Mortgage Closing Coordinator Job Description [Updated for 2025]

In the dynamic real estate industry, the role of a Mortgage Closing Coordinator is more critical than ever.

As the market evolves, the demand for proficient individuals who can seamlessly navigate, streamline, and secure the mortgage closing process grows stronger.

So, what does a Mortgage Closing Coordinator really do?

Whether you are:

• A job seeker trying to understand the core responsibilities of this role,
• A hiring manager outlining the perfect candidate,
• Or simply curious about the intricacies of mortgage closing coordination,

You’ve come to the right place.

Today, we present a customizable Mortgage Closing Coordinator job description template, designed for easy posting on job boards or career sites.

Let’s dive right in.

Mortgage Closing Coordinator Duties and Responsibilities

Mortgage Closing Coordinators play a crucial role in ensuring a seamless transaction during the final stages of the mortgage loan process.

They coordinate with all parties involved, such as loan officers, escrow companies, lenders, and borrowers, to ensure all paperwork is properly executed and all conditions are met before closing.

Their primary duties and responsibilities include:

• Coordinating with all parties involved in the mortgage process, including but not limited to borrowers, lenders, and underwriters
• Reviewing loan applications and documents for completeness and accuracy
• Organizing and scheduling loan closings
• Ensuring all conditions of the loan approval have been met
• Preparing and reviewing closing documents and settlement statements
• Overseeing the transfer of funds and ensuring they are correctly disbursed
• Resolving any issues that may delay the closing process
• Maintaining communication with borrowers, lenders, and other involved parties to provide updates and gather any necessary information
• Complying with all legal procedures and regulations related to mortgage closing
• Keeping detailed records of all mortgage closing transactions

 

Mortgage Closing Coordinator Job Description Template

Job Brief

We are looking for an organized and detail-oriented Mortgage Closing Coordinator to join our team.

In this role, you will be responsible for coordinating all aspects of the loan closing process, including communicating with loan officers, underwriters, and clients to ensure a smooth transaction.

Our ideal candidate has previous experience in the mortgage industry, strong communication skills, and the ability to handle multiple tasks simultaneously.

The Mortgage Closing Coordinator will ensure all closing documentation and packages are accurate and complete to prevent delays.

 

Responsibilities

• Coordinate all aspects of the loan closing process
• Communicate with loan officers, underwriters, and clients to facilitate smooth transactions
• Review all closing documentation for accuracy and completeness
• Coordinate the preparation of loan closing packages
• Ensure all loans are compliant with state and federal regulations
• Track and update loan closing status in the company’s database
• Handle any issues or discrepancies that arise during the closing process
• Work closely with the title company to ensure all closing conditions are met
• Assist with post-closing tasks as needed

 

Qualifications

• Previous experience in a mortgage closing role
• Knowledge of mortgage loan process and closing procedures
• Strong attention to detail and excellent organizational skills
• Ability to handle multiple tasks and meet tight deadlines
• Excellent communication and customer service skills
• Proficiency in mortgage software systems and Microsoft Office Suite
• High school diploma or equivalent required; bachelor’s degree preferred

 

Benefits

• 401(k)
• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Professional development opportunities

 

Additional Information

• Job Title: Mortgage Closing Coordinator
• Work Environment: Office setting with occasional remote work. Some travel may be required for training or meetings.
• Reporting Structure: Reports to the Closing Manager.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $40,000 minimum to $60,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does a Mortgage Closing Coordinator Do?

Mortgage Closing Coordinators are professionals who work in the financial sector, specifically handling home loan transactions.

They are usually employed by mortgage companies, banks, or real estate agencies.

The primary role of a Mortgage Closing Coordinator is to manage and oversee the final steps of a mortgage loan process, which includes loan closing.

They ensure all necessary documents are in order, such as the loan application, title insurance, and closing disclosure.

They work closely with loan officers, underwriters, and escrow officers, coordinating and scheduling the closing date of the mortgage.

They also communicate directly with clients, ensuring they understand the process and any associated fees.

Mortgage Closing Coordinators are also responsible for verifying that all parties have fulfilled their obligations, as stipulated in the loan agreement, before funds are transferred.

In addition, they review all closing documents for accuracy and completeness, ensuring legal compliance and mitigating the risk of potential financial losses for their employer.

Post-closing, they may also be involved in managing records, handling any post-closing issues, and preparing final closing statements.

Their overall goal is to ensure a smooth, efficient, and compliant closing process for all mortgage loans they handle.

 

Mortgage Closing Coordinator Qualifications and Skills

A proficient Mortgage Closing Coordinator should possess a diverse range of skills and qualifications, including:

• Strong knowledge of mortgage loan closing procedures, documents, and legislation to effectively manage and oversee the process.
• Excellent attention to detail and organizational skills to ensure accuracy and compliance in all documentation and transactions.
• Effective communication skills to liaise between various parties including lenders, borrowers, and attorneys, and to address any issues or queries that may arise.
• Exceptional customer service skills to provide professional assistance to clients throughout the mortgage closing process.
• Time management skills to coordinate and manage multiple closings simultaneously, while meeting strict deadlines.
• Problem-solving skills to quickly identify and address any issues or discrepancies that may arise during the closing process.
• Ability to work well within a team, collaborating with loan processors, underwriters, and other mortgage professionals.
• Knowledge and experience with mortgage software programs and proficiency in using various office software such as Microsoft Office Suite for efficient operations.

 

Mortgage Closing Coordinator Experience Requirements

Entry-level Mortgage Closing Coordinators usually have 1 to 2 years of experience in a real estate or financial services setting.

This experience can be gained through internships, part-time roles, or administrative positions within a mortgage lending organization.

Intermediate level candidates may have 2 to 5 years of experience, often having worked in roles such as Loan Processor, Escrow Assistant, or Mortgage Underwriter.

These roles help develop necessary skills such as customer service, attention to detail, and knowledge of mortgage lending principles and regulations.

Candidates with more than 5 years of experience often have a deep understanding of the mortgage closing process and have likely handled complex transactions.

They may also have had supervisory or team lead roles, demonstrating the ability to manage deadlines and coordinate between multiple parties including lenders, real estate agents, and clients.

In addition, some positions may require specific certifications such as Certified Mortgage Closing Coordinator (CMCC) or other relevant credentials, which provide a formal recognition of the candidate’s expertise and experience in the field.

 

Mortgage Closing Coordinator Education and Training Requirements

A Mortgage Closing Coordinator typically requires a high school diploma or its equivalent as a base level of education.

Some employers may prefer candidates with an associate or bachelor’s degree in business, finance or a related field.

They must have a thorough understanding of mortgage procedures, regulations, and documentation to effectively coordinate the process.

This knowledge is often gained through on-the-job training, but can also be acquired through mortgage banking courses or certifications.

Many employers require prior experience in mortgage banking or a similar role that involves financial management.

Most states require Mortgage Closing Coordinators to have a state license to operate.

Licensing requirements usually involve completing specific coursework and passing a comprehensive exam.

While it’s not a strict requirement, a certification in mortgage banking or related finance field can enhance job prospects and demonstrate a commitment to the profession.

Continued education in the form of workshops, seminars, and courses is also encouraged to stay updated with changing laws and regulations pertaining to the mortgage industry.

 

Mortgage Closing Coordinator Salary Expectations

A Mortgage Closing Coordinator earns an average salary of $45,000 (USD) per year.

However, this figure can fluctuate based on experience, industry knowledge, geographical location, and the financial strength of the employing company.

 

Mortgage Closing Coordinator Job Description FAQs

What skills does a Mortgage Closing Coordinator need?

A Mortgage Closing Coordinator requires a variety of skills such as strong organizational and communication skills.

They must be detail-oriented and able to handle multiple tasks simultaneously.

A good understanding of real estate law, mortgage loan processes, and closing procedures is also essential.

They also need to have good problem-solving skills to navigate any issues that may arise during the mortgage closing process.

 

Do Mortgage Closing Coordinators need a degree?

While a degree is not always required, many employers prefer candidates with a degree in finance, business, or a related field.

Experience in mortgage processing, real estate, loan closing, or title work can be beneficial.

However, all Mortgage Closing Coordinators must have a thorough understanding of real estate transactions, mortgage loan documentation, and the federal and state regulations related to mortgage lending.

 

What should you look for in a Mortgage Closing Coordinator resume?

A Mortgage Closing Coordinator resume should highlight the applicant’s experience in the mortgage or real estate industry.

Look for experience in closing mortgage loans, coordinating loan processes, and knowledge of federal and state mortgage regulations.

Strong computer skills, particularly in loan origination software, are also important.

Additionally, any certifications related to mortgage lending or real estate can be a plus.

 

What qualities make a good Mortgage Closing Coordinator?

A good Mortgage Closing Coordinator is detail-oriented and has excellent organizational skills to manage numerous tasks and meet tight deadlines.

They should have strong communication and interpersonal skills to interact with various stakeholders including loan officers, underwriters, and borrowers.

A keen understanding of mortgage procedures and regulations is crucial, as is a high level of integrity and confidentiality.

 

Is it difficult to hire Mortgage Closing Coordinators?

Hiring a Mortgage Closing Coordinator can be challenging due to the specific skillset and industry knowledge required for the role.

Employers may face challenges finding candidates with the right combination of experience, knowledge of mortgage procedures, and strong organizational skills.

Therefore, a competitive compensation package, opportunities for professional growth, and a healthy work environment may attract suitable candidates.

 

Conclusion

And so, we’ve unraveled the intricate world of a mortgage closing coordinator.

Surprised?

It’s not just about signing on the dotted line.

It’s about facilitating homeownership dreams, one closed deal at a time.

With our essential mortgage closing coordinator job description template and real-world examples, you’re fully equipped to take the next step.

But why end here?

Dig deeper with our job description generator. It’s your stepping stone to precision-crafted job listings or refining your resume to perfection.

Remember:

Every closed deal is a part of a larger journey.

Let’s navigate that path. Together.

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