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How to Become a Mortgage Closer: Education and Career Roadmap

Learn how to become a mortgage closer. Research the career requirements, training information and experience required for starting a career in mortgage processing.

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Do I Want to Be a Mortgage Closer?

The closing is the final step in mortgage processing. A closer receives mortgage applications and verifies employment, assets, liabilities and other important information needed for obtaining a mortgage. They confirm that the required documents for the closing have been submitted, and then they review each individual document for accuracy and required signatures. He or she also prepares all closing instructions for each closing they process. Because of the important financial and legal documents they must review, it is crucial for mortgage closers to be detail-oriented. Mortgage processing is a fast-paced industry that requires strict attention to deadlines and the ability to work under pressure.

Job Requirements

Most employers want applicants with a high school diploma or its equivalent and some experience in loans, mortgages or banking. Because guidelines in the loan and banking industry change often, closers need to be very adaptable. Optional certifications are available. The table below shows the basic requirements for becoming a mortgage closer:

Common Requirements
Degree Level No degree required*
Certification Voluntary certification is available through the National Association of Mortgage Processors (NAMP)**
Experience 1 year experience minimum*
Key Skills Good communication, interpersonal, prioritizing, time management, multitasking, customer service and math skills; flexibility; strong time management abilities; good attention to detail*
Computer Skills Microsoft Office Suite; loan closing software*
Technical Skills Basic knowledge of office equipment, such as a photocopy and facsimile machine*
Other Requirements Must be able to work with confidential material*

Sources: *Job postings (December 2012), **National Association of Mortgage Processors.

Step 1: Find Entry-level Work in Mortgage Processing

There are no set requirements for mortgage closers. Most employers require a high school diploma or its equivalent and at least one year of experience in the mortgage industry or loan processing. Potential employers can be a bank or other type of financial institution. Many clerk positions in these industries are entry-level and can provide the experience needed to become a mortgage closer.

Success Tip:

  • Join an industry-related association. The National Association of Mortgage Processors (NAMP) offers membership that provides access to professional listings, job leads, networking, training opportunities and industry-related events.

Step 2: Get Certified

The NAMP offers several types of certification for mortgage processors. The Certified Purple Processor (NAMP-CPP) is the initial certification for anyone who wants to begin work as a loan processor. Successful completion of this certification includes a criminal background check, 12 hours of training, an examination and an active association membership.

Success Tips:

  • Consider earning additional certification from the NAMP for FHA and VA loan processing. Although they are not affiliated with any government agencies, these NAMP certifications can provide additional knowledge and training to get an edge in the mortgage processing job market.
  • Get advanced certification. The NAMP Master Loan Processor (NAMP-MLP) certification is for those looking to advance in loan processing and has the same requirements as the NAMP-CPP, plus 12 more hours of training.
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