Michelle N C.

About Michelle N C.

Experienced Closing Manager with 23 years of mortgage experience, with majority in the funding/closing and compliance aspect. I have done everything from set up to post closing, as well as correspondent lending. I know that all of this will help contribute to a company, making the team a success.

Experience

1. Senior Loan Administrator Senior Loan Closer

   Conventus

   Jul 2021 — Present · San Francisco, CA, US

   Ensure the loan terms, collateral and borrower data input into LOS are accurate and reflect the loan being documented and funded. Including construction reserve holdback language is correct on closing documents and payment amounts correct based on dutch or non dutch.• Generate and obtain documentation related to the collateral and file all appropriate liens/holds, etc. to secure collateral.• Review title reports to ensure correct endorsements are being ordered to protect and perfect lien position of Note Holder(s).• Review entity documents and generate appropriate resolutions and signature blocks to ensure we have the correct parties binding the loan documents.• Ensure complete and accurate imaged files are maintained in LOS Document Manager portal.• Create structured timelines with sales, loan processing, and capital markets teams to ensure an approved loan is fully executed in a timely fashion according to firm and regulatory guidelines before funds are distributed.• Prepare loan closing documents. Review for completeness, accuracy, and compliance and raise potential risks and concerns, including deficiencies in funding.• Obtain and review preliminary title policies and insurance policies to ensure they meet guideline standards• Work with Post-Closing to clear any items for salability• Effectively communicate with clients/third parties to obtain applicable documents as needed for loan approval and CTC• Prepare funding requests for wire disbursement and balance with closing agent• Prepare loan closing documents and verify accuracy and consistency of specific documents such as title commitments, CPL, insurance policies and mortgage documents• Open title/escrow, analyze loan approvals, request conditions, prepare file for funding and additional duties as assigned• Keep pipeline up to date which requires multiple updates throughout the workday• Maintain our average close time of 24 hours once file is CTC