Beverly A. Bell
Cleveland,OH
Summary
Talented Closer well-versed in loan closing processes and documentation requirements. Maintain full calendar of closings and easily handle more than 100 per month. Keep paperwork organized for smooth closings.
CORE COMPETENCIES
- 20 years in mortgage banking and positions with fiduciary responsibilities
- Manager of escrow and title company for 8 years
- Possess excellent knowledge of Mortgage Loan operations, underwriting
- Guidelines, policies and procedures in multiple departments
- Strong understanding of purchase/review requirements.
- Working knowledge of TRID, RESPA, GFE and Reg Z
- Excellent command over verbal and written communication
- Highly skilled in data analysis, management and daily reporting
- Ability to handle multiple tasks and maintain confidentiality
- Proficient in meeting deadlines and work in a team environment
Overview
21
21
years of professional experience
Work History
Loan Closer
Homepoint
10.2020 - 11.2022
- Manage daily pipeline to ensure goals are timely met for TPO Wholesale & Non-delegated Correspondents using Encompass/Appian Workspace
- Reviewed title commitments, homeowners insurance, surveys and flood zone certifications to meet closing standards for each property.
- Built constructive relationships with customers to understand and capitalize on personalized preferences.
- Scrubbed files for accuracy and uploaded closing details, i.e.-closing conditions and previously disclosed preliminary disclosures (Loan Estimate/Closing Disclosure)
- Prepare draft Closing Disclosure using in file invoices and lender/title company fees then forward to Lender for approval
- After approval, Initial CD is sent
- Once file is cleared to close, review final closing conditions, update as needed, send closing instructions to lender and title to balance CD and prepare closing documents
- Prior to clear to close, files are closely monitored for changes (CIC) that may result in mandatory redisclosure
- Compliance testing is run for fees/charges as well as NMLS for all file contacts
- Once cleared to close, coordinate closing with lender and title, clear any at closing conditions, prepare and send docs.
- Delivered positive customer experiences and successful deal closures through open, constructive communications.
- Maintained checklists of required documentation and open issues affecting closings.
- Provided highest level of service and support to customers, closing agents and realtors
- Delivered positive customer experiences and successful deal closures through open, constructive communications
Mortgage Loan Closer Team Lead
First National Bank of PA
05.2016 - 10.2020
- Managed and prioritized closing calendar daily
- Reviewed title commitment, survey and purchase contract, etc.
- Enter data for preparation of closing docs and confirm closing
- Run State and Federal compliance tests to ensure file receives a PASS, as well as investor/mortgage lending product and program meet guidelines
- Balance Closing Disclosure with title company/attorney, prepared closing packages and released docs
- Promoted to Team Lead
- Trained new closers on LOS, and banks policy and procedures
- Prior to sending closing package, verify all information for doc prep has been reviewed for accuracy and closing confirmed with loan officer
- After receipt of executed closing docs, review and verify all closing docs were executed correctly and order wire
- Pleasantly answered questions from customers, typically returning calls same day
- Communicated closely with inter-company staff members to promote quick and effective loan workflow.
Escrow Officer
ThoroughbredTitle Agency, Inc
05.2013 - 03.2016
- Facilitates lender and cash buyer closings for REO properties held by Fannie Mae,
- PennyMac and other Asset Management Companies
- Reviews sales contracts for purchase price, closing date, tax proration ,credits, holds, etc.
- Receive and interprets title commitments to ensure proper entity has title and is free and clear of liens and review surveys for possible encroachment issues
- Completed tasks and updates on seller website to show how file is progressing and report any delay or issues
- Prepares preliminary settlement statements for seller and lender approval
- Prepare final HUD, balance and disburse checks
- Performed in person closings with buyers and sellers
- Scheduled closing appointments for seller and buyer or arranged for delivery of documents for out of area closings
- Prepared documents for closing and handled complete disbursement and follow up of escrow transactions
- Returned executed loan packages to lender for review and approval in accordance with lender instructions
- Set up escrow transactions, processed deposits and mailed out forms and preliminary title reports for review
LENDER MANAGEMENT/CLOSER
USBANK HOME MORTGAGEE
04.2007 - 05.2013
- Evaluates lender financial statements, MARI and First Line Data Reports & Bauer Ratings to determine that lender meets company guidelines for Bond Program participation
- Reviews loan files from third party lenders to ensure loan documents are in compliance with bank, regulatory and investor guidelines and customer service standards and determine acceptability
- Follow up with lender for any deficient documentation
- Communicates with lenders to resolve any outstanding items prior to purchase
- Prepare file for Senior Management approval or declination.
Team Lead Closer
The Home Savings & Loan Co
09.2001 - 04.2007
- Coordinated closings of residential mortgage loans with title companies and attorneys
- Reviewed loan once cleared to close for any at close closing condition
- Confirm closing date with title company and forward preliminary closing docs
- Balanced final figures with closing agent and forwarded to loan officer for review
- Prepared closing package and forward to closer
- Prepped Disbursement and wire funds
- Promoted to Team Lead and took on additional responsibilities served as Software
- Administrator, installing, testing and training closers
- Developed and maintained closing procedures and manuals
Education
Associate Degree - Computer Science
ITT Technical Institute
High School Diploma -
EAST TECHNIAL HIGH
Cleveland, OH06.1976
Skills
- Microsoft Office – Word – Excel - PP
- SoftPro
- Architect
- Blueprint (10 years)
- Encompass
- Appian
- Closing Disclosures
- Data Collection
- Legal Documentation
- Loan Information Recording
- Mortgage Closing Scheduling
Timeline
Loan Closer
Homepoint
10.2020 - 11.2022
Mortgage Loan Closer Team Lead
First National Bank of PA
05.2016 - 10.2020
Escrow Officer
ThoroughbredTitle Agency, Inc
05.2013 - 03.2016
LENDER MANAGEMENT/CLOSER
USBANK HOME MORTGAGEE
04.2007 - 05.2013
Team Lead Closer
The Home Savings & Loan Co
09.2001 - 04.2007
Associate Degree - Computer Science
ITT Technical Institute
High School Diploma -
EAST TECHNIAL HIGH
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