Post-Closing Auditor Job Description [Updated for 2025]

In the complex world of real estate transactions, the role of Post-Closing Auditors has never been more critical.

The landscape of property transfer continues to evolve, and as it does, the demand for sharp minds who can proficiently review, validate, and secure the integrity of our closing transactions escalates.

But let’s delve deeper: What’s truly expected from a Post-Closing Auditor?

Whether you are:

• A job seeker trying to understand the intricacies of this role,
• A hiring manager crafting the profile of the ideal candidate,
• Or simply fascinated by the inner workings of post-closing auditing,

You’re in the right place.

Today, we introduce a customizable Post-Closing Auditor job description template, designed for easy posting on job boards or career sites.

Let’s get started.

Post-Closing Auditor Duties and Responsibilities

Post-Closing Auditors play a vital role in the mortgage industry by ensuring all loan documents are accurate and comply with regulations after a mortgage loan has closed.

They are critical to the success of the lending process and aid in risk mitigation.

Their duties and responsibilities include:

• Reviewing loan documents and reports to identify errors or discrepancies after the closing of a loan
• Conducting final audits on closed loan files to ensure they are complete and compliant with all necessary regulations
• Verifying that all calculations such as interest rates, title charges, and insurance premiums are accurate
• Ensuring all final loan documents are properly executed and legally binding
• Reporting any findings of non-compliance or irregularities to senior management or compliance department
• Recommend changes to improve the closing process and minimize future errors
• Maintaining knowledge of current industry regulations and guidelines to ensure the company’s compliance
• Assisting in the development and implementation of audit procedures and checklists
• Participating in departmental meetings to discuss audit findings and process improvements

 

Post-Closing Auditor Job Description Template

Job Brief

We are seeking a detail-oriented Post-Closing Auditor to review and audit closed loan files for compliance with regulatory requirements.

The ideal candidate for this role will have a deep understanding of lending processes and regulations, with the ability to identify and report on any discrepancies or areas of concern.

The Post-Closing Auditor is responsible for ensuring that all loan documents are properly executed, and that all loans are in compliance with company policy, regulatory requirements, and investor guidelines.

 

Responsibilities

• Review and audit closed loan files for compliance with regulatory requirements and company policies
• Ensure that all loan documents are properly executed
• Identify and report any discrepancies or areas of concern
• Communicate findings and recommendations to management and relevant departments
• Work closely with post-closing and quality control teams to address and resolve issues
• Maintain up-to-date knowledge of regulatory changes and updates
• Prepare and submit regular reports on audit findings and actions taken

 

Qualifications

• Proven experience as a post-closing auditor or similar role in mortgage lending
• Deep understanding of lending processes and regulations
• Excellent attention to detail
• Strong analytical and problem-solving skills
• Excellent communication and reporting skills
• Proficient in Microsoft Office Suite and loan origination software
• Bachelor’s degree in finance, business or a related field preferred

 

Benefits

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

 

Additional Information

• Job Title: Post-Closing Auditor
• Work Environment: Office setting. Some travel may be required for team meetings.
• Reporting Structure: Reports to the Post-Closing Manager or Audit Supervisor.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $45,000 minimum to $70,000 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 Post-Closing Auditor Do?

Post-Closing Auditors typically work within the mortgage or real estate industry, frequently employed by lending institutions, banks, or mortgage companies.

Their primary job is to review and verify the accuracy and completeness of all documents related to a mortgage loan after its closing.

This includes reviewing the mortgage application, loan disclosure forms, credit reports, title insurance policies, deeds of trust, and other legal paperwork.

Post-Closing Auditors ensure that all documents and agreements comply with federal and state regulations, as well as with the company’s policies and guidelines.

They often work closely with loan officers, underwriters, and legal teams to rectify any discrepancies or issues that may arise.

They are responsible for identifying and reporting any errors or inconsistencies found in the post-closing process.

This may include missing signatures, incorrect dates, or missing documents, which need to be corrected to ensure the proper execution of the loan agreement.

Additionally, they maintain records of audit results, create reports detailing their findings, and suggest recommendations for process improvements to prevent future errors and enhance the efficiency of the post-closing process.

 

Post-Closing Auditor Qualifications and Skills

A proficient Post-Closing Auditor should have the skills and qualifications that align with this job role, such as:

• Knowledge and understanding of mortgage loan documents to review and ensure all the components are executed accurately and completely.
• A strong attention to detail to identify errors or discrepancies in mortgage loan documents and report any irregularities.
• Proficiency in data entry and using loan processing software to manage and maintain mortgage loan records.
• Strong analytical skills to assess complex financial data, make accurate calculations, and determine the accuracy of loan closing documentation.
• Exceptional communication skills to effectively interact with various departments, report discrepancies, and ensure appropriate corrections are made.
• Time management skills to meet deadlines and complete audits in a timely and efficient manner.
• Ability to work independently and maintain a high level of accuracy and accountability.
• Knowledge of regulatory standards and compliance related to mortgage lending to ensure all loan closing documents comply with federal and state laws.

 

Post-Closing Auditor Experience Requirements

Post-Closing Auditors are typically required to have at least 1 to 3 years of experience in a mortgage-related role, often in mortgage underwriting, loan processing, or loan closing.

This hands-on experience helps them understand the mortgage process, lending guidelines, and federal and state regulations related to mortgage lending.

Those with experience in mortgage auditing or compliance have an advantage as they are already familiar with the tasks involved in post-closing audits.

This includes experience in reviewing loan documents, identifying regulatory violations, and providing recommendations for improvement.

Candidates with more than 3 to 5 years of experience are often skilled at reviewing high volumes of loan files, providing clear and concise audit findings, and assisting in the development of corrective action plans.

They may have held roles such as Senior Mortgage Auditor, Quality Control Analyst, or Compliance Officer.

Those with over 5 years of experience may also have leadership experience, having trained and supervised junior auditors, and could be ready for a managerial position within the auditing or compliance department.

Additionally, they may have gained experience in collaborating with external auditors and regulatory agencies.

 

Post-Closing Auditor Education and Training Requirements

Post-Closing Auditors typically have a bachelor’s degree in finance, accounting, business administration, or a related field.

In-depth knowledge of lending and underwriting procedures, as well as federal and state regulations that apply to mortgage and loan transactions, is crucial to this role.

Some positions may prefer candidates with a Certified Internal Auditor (CIA) or Certified Public Accountant (CPA) certification.

Additionally, professional experience in mortgage underwriting, post-closing, or auditing is typically required.

Many employers prefer candidates with specific mortgage-related certifications such as the Certified Mortgage Auditor (CMA) credential.

Some Post-Closing Auditors may also pursue advanced degrees or certifications in risk management or compliance to augment their skills and knowledge.

Strong analytical skills, attention to detail, and familiarity with audit software are also important for this role.

Continuing education may be necessary due to regulatory changes and the introduction of new auditing methods and technologies.

 

Post-Closing Auditor Salary Expectations

A Post-Closing Auditor earns an average salary of $51,826 (USD) per year.

The actual earnings may fluctuate depending on factors such as experience, the complexity of the tasks, and the geographical location.

 

Post-Closing Auditor Job Description FAQs

What are the primary responsibilities of a Post-Closing Auditor?

The Post-Closing Auditor is responsible for reviewing and verifying that all information and documentation related to mortgage loans are correct and compliant with financial regulations.

This includes ensuring that loan applications, appraisals, and title documentation have been appropriately completed and that the loan has been correctly sold and securitized.

 

What skills are necessary for a Post-Closing Auditor?

A Post-Closing Auditor should possess strong analytical skills to assess complex financial documents accurately.

Attention to detail is crucial to spot any errors or inconsistencies.

They should have excellent knowledge of mortgage lending processes and relevant regulatory requirements.

Strong communication and reporting skills are also important.

 

Do Post-Closing Auditors need a specific degree or certification?

While a specific degree isn’t always required, a bachelor’s degree in finance, business, or a related field is often preferred.

Certifications such as Certified Mortgage Auditor (CMA) or Certified Internal Auditor (CIA) can increase credibility and job prospects.

Prior experience in mortgage lending or auditing is typically required.

 

What should you look for in a Post-Closing Auditor resume?

A solid Post-Closing Auditor resume should demonstrate experience in auditing, preferably in the mortgage industry.

It should highlight the candidate’s understanding of mortgage loan processes and federal and state regulatory requirements.

Proficiency in using mortgage software and other relevant computer applications is also a plus.

 

What qualities make a good Post-Closing Auditor?

A good Post-Closing Auditor is meticulous, with a keen eye for detail that allows them to spot any issues in the loan closing process.

They are well-organized, able to handle multiple files simultaneously, and meet deadlines.

They should also be ethical, ensuring all reviews are performed with integrity and impartiality.

Excellent problem-solving skills are essential to rectify any issues that arise.

 

What challenges are associated with hiring a Post-Closing Auditor?

Finding an experienced Post-Closing Auditor who has deep knowledge in mortgage lending and regulatory requirements can be challenging due to the specialized nature of the role.

The demand for experienced auditors often exceeds the supply, making it a competitive market.

Offering competitive compensation, opportunities for career growth, and a positive work environment can help attract qualified candidates.

 

Conclusion

So, we’ve just dug deep into the essentials of being a Post-Closing Auditor.

Surprise!

It’s not only about reviewing documents.

It’s about ensuring the accuracy and completeness of every financial transaction, one audit at a time.

Armed with our comprehensive Post-Closing Auditor job description template and practical examples, you’re ready to move forward.

But why settle at that?

Explore further with our job description generator. It’s your stepping stone to meticulously written job listings or a perfectly polished resume.

Remember:

Every single audit is a piece of a larger financial puzzle.

Let’s shape that future. Together.