| Job Title |
Closer |
| Job Description |
Coordinates Closing Transactions In Real Estate Company:
Receives And Deposits Escrow Monies In Established Accounts And
Disburses Funds From Each Account. Reviews Closing Documents To
Determine Accuracy Of Information And Need For Additional
Documents. Contacts Courthouse Personnel, Buyer And Seller, And
Other Real Estate Personnel To Obtain Additional Information.
Confers With Legal Counsel Regarding Legal Aspects Of Closing
Transactions. Calculates Pro-rated Balances On Mortgages, Taxes,
And Fire Insurance Premiums, As Of Closing Date, And Records
Balances On Closing Statement Form To Provide Both Parties With
Accurate And Complete Financial And Legal Information Regarding
Property Ownership Transfer Transaction. Reviews Contract
Between Buyer And Seller To Ensure Seller Can Convey Acceptable
Property Title To Prospective Buyer. Prepares Closing Statement
For Purchase Of Property, Using Figures Gathered In Previous
Transactions And Listing Financial Settlement Between Buyer And
Seller. Compiles Figures To Determine Closing Cost Of Final
Transaction, Including Loan, Title, Appraisal, And Other Fees
Included In Sale Of Property. Schedules Appointment To Complete
Closing Process And To Answer Any Questions Regarding
Procedures. Presides Over Closing Meeting, Reviews And Explains
Contract Documents And Terms Of Transaction To Buyer And Seller,
And Obtains And Notarizes Signatures That Ensure Acceptance Of
Agreement. Collects Down Payment From Buyer For Deposit In Trust
Fund Account. Disburses Funds, Based On Final Statement, To Pay
Seller's Debts Against Property, Such As Liens, Taxes, And
Assessments. Reviews Documents To Determine That They Have Been
Executed According To Regulations And Are Ready To Be Recorded.
Disburses Completed Documents To Concerned Parties To Effect
Transfer Of Property Ownership. May Prepare And Type Legal
Documents, Contracts, Warranty Deeds, And Deeds Of Trust. May
Notify Contract Inspection Or Pest Control Businesses To Perform
Needed Service. May Prepare Work Assignments And Complete
Closing Work Schedules To Maintain Efficient Work Flow. May
Compile Statistical Reports And Keep Daily Log On Closing
Activities.
|
|
