Loan Closer Job Description Template

The Loan Closer job description template outlines the responsibilities, qualifications, and essential skills required for someone to work as a Loan Closer. A Loan Closer is responsible for verifying and finalizing loan documentation, ensuring that loan complies with regulations, and coordinating with various parties involved in the loan closing process. The template provides a valuable guide for recruiters, hiring managers or candidates to understand the scope and expectations of the role.

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Job Summary:

A Loan Closer is responsible for ensuring all necessary documentation is completed accurately and on time for the final approval and funding of a loan. They work closely with loan officers, underwriters, and processors to ensure a seamless and efficient loan closing process.

Job Duties:

  • Prepare closing documents for final approval and funding of loans.
  • Ensure accuracy and completeness of all documentation.
  • Review and reconcile loan fees and costs.
  • Coordinate and schedule loan signings with borrowers and closing agents.
  • Communicate with internal team members to resolve any issues or discrepancies.
  • Ensure compliance with all applicable laws, regulations, and company policies.


  • High school diploma or equivalent required; bachelor's degree preferred.
  • Minimum of 2 years of experience in loan closing or related field.
  • Strong attention to detail and organization skills.
  • Excellent written and verbal communication skills.
  • Ability to work well under pressure and meet deadlines.
  • Proficient in Microsoft Office and loan origination systems.

Our company is an equal opportunity employer and welcomes all qualified applicants to apply. We offer competitive salary and benefits packages, including medical, dental, and vision insurance, 401(k) matching, and paid time off.

What is a Loan Closer?

A Loan Closer is a professional who works in the financial industry, specifically in the loan processing department. Loan Closers work for banks, credit unions, mortgage companies, and other financial institutions to ensure that loans are processed efficiently and accurately.

What are the Responsibilities of a Loan Closer?

The responsibilities of a Loan Closer vary based on the company they work for, but generally include:

  • Reviewing loan documents to ensure they are complete and accurate
  • Preparing closing documents and sending them to borrowers and/or title companies
  • Coordinating and scheduling loan closings with borrowers, title companies, and other parties involved in the process
  • Performing quality checks to ensure that all documents are in compliance with state, federal, and company regulations
  • Communicating with loan officers, underwriters, and other members of the loan processing team to obtain missing or incomplete information
  • How to Create a Job Posting for a Loan Closer

    When creating a job posting for a Loan Closer, it is important to clearly outline the expectations and qualifications for the position. Use the following tips to help create an effective job posting:

    1. Job Description

    The job description should be detailed and specific. List the job duties and responsibilities, as well as any required skills and qualifications. Be sure to highlight any pertinent education or experience requirements, such as a degree in finance, accounting, or business administration.

    2. Company Culture

    Include information about the company culture, values, and mission. This will help attract candidates who align with your organization’s goals and values.

    3. Job Requirements

  • List any technical skills, software knowledge, or other certifications required to perform the job.
  • 4. Experience

  • Specify the minimum years of relevant experience required to apply for the position.
  • 5. Salary/Benefits

  • Include information about the salary range and benefits, such as healthcare, retirement benefits, or paid time off.
  • 6. Contact Information

  • Provide clear instructions on how to apply for the position, including an email address or link to an online application.
  • Conclusion

    Creating a job posting for a Loan Closer requires a clear understanding of the job duties and responsibilities, as well as the qualifications and experience required. By providing detailed information, companies can attract highly qualified candidates who will thrive in the position and help the organization succeed.

    What is a Loan Closer?

    A Loan Closer is a professional who is responsible for finalizing and completing the loan process by ensuring that all the necessary documentation and legal requirements have been met prior to the disbursement of loan funds.

    What skills are required for a Loan Closer?

  • Excellent attention to detail
  • Strong analytical skills
  • Ability to work under pressure and meet tight deadlines
  • Good communication and interpersonal skills
  • High level of organizational skills
  • What are the job responsibilities of a Loan Closer?

    Loan Closer's duties include:

  • Gathering and verifying all necessary loan documentation
  • Reviewing credit reports and financial statements of borrowers
  • Calculating and ensuring the accuracy of loan fees and payments
  • Working closely with underwriters to ensure compliance with company underwriting standards
  • Preparing loan packages for final review and disbursement
  • What is the average salary for a Loan Closer?

    The median annual salary for a Loan Closer in the U.S. is around $45,000 - $50,000.

    What qualifications are necessary to become a Loan Closer?

  • A high school diploma or equivalent is required
  • Previous experience in a mortgage or financial services field is preferred
  • Familiarity with regulatory compliance requirements and legal documentation is necessary
  • Certification in loan processing is desirable
  • What are some common interview questions for a Loan Closer?

  • What experience do you have working in the mortgage industry?
  • How do you ensure that all necessary loan documentation is complete and accurate?
  • What do you believe is the most important characteristic of a successful Loan Closer?
  • How do you handle working under pressure and meeting tight deadlines?
  • What experience do you have working with regulatory compliance requirements?
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