• Mortgage closers are the final link between the client and her home.house in a hand image by dinostock from Fotolia.com
  
  Mortgage closers are the last set of eyes and hands in finalizing a mortgage loan. Many work directly for banks and others work for private mortgage companies. Known as a fast-paced and often stressful job, mortgage closing is also rewarding. Closers assist clients with the final steps of the mortgage process, whether it is for a dream home for an established family or a small starter house for a young person.
  
  

Review Loan Package

• As with all business deals, mortgages are packed with paperwork, facts and figures. One of the primary duties of a mortgage closer is to go through the documents in a loan package, checking for accuracy and completeness, according to the career counseling website, Career Planner. If a document is missing, it is the mortgage closer's job to obtain it and have it processed correctly. Sometimes, a great deal of time passes from the beginning of the loan process to completion. If a document such as a bank statement has become outdated in that time, the mortgage closer must obtain a new copy for the file and reassess the overall package to ensure everything is still within the parameters of the original agreement.
  
  

Calculate Total Payment

• Mortgage closers calculate all factors in the loan package to determine the client's monthly payment, according to the Dictionary of Occupational Titles website. Before the loan closes, the client must be informed of the exact dollar amount his monthly payments will be. He must also be shown the total amount that will be repaid, including interest, if he pays off the mortgage in full according to the terms. A breakdown is provided of how the payment is calculated including interest rate and other factors, such as insurance, if the client chooses to include it with the monthly payments. The client reviews the terms and approves or denies them. These terms are often reviewed again with the client at the closing of the loan.
  
  

Schedule Closing

• The last step to finalize the mortgage is the meeting between the client and the mortgage representative to sign all the documents. This is the point where the client officially accepts the bank's terms and the mortgage begins. The mortgage closer makes all arrangements for the closing. He calls the borrower, loan broker, title company and any other necessary parties to arrange the date and location for closing. In some areas, closing must take place at an attorney's office, but in other states, it can also occur at the office of the title company or bank.
  
  

Disburse Funds

• In some areas, the mortgage closer is responsible for disbursing funds for the purchase of the home. This is the transfer of funds, or payment, from the new client's mortgage holder to the seller. It creates the debt that the new client will repay. The correct amount must be disbursed for the loan to be binding and final.