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Yes, we call him "The Prophet, Seer, and Revelator."

No, he doesn't claim to do it alone in a locked room. He does it in concert with his first and second counselors. It is called prayer. Sometimes he does it in public, in front of cameras connecting him with all the members of the church. We call those "General Conferences." The next one is in April.

http://www.lds.org/ should tell you everything you want to know about us, and what we believe. Our complete scriptures are posted on the site, as well as explanations and our history.

I suppose I should mention that he prays for our whole church; receiving answers to those prayers is what we call revelation. Each of us can do the same for ourselves and our families. So can you. If you are a Christian, and you've ever prayed to know if you should take a job, or go on a trip, or date a particular guy or girl, or get baptized, and gotten an answer, you have experienced revelation. The answer to one such prayer is why I joined the church in the first place, and to others is why I stay.

The scripture we base this on is James 1:5. "If any of you lack wisdom, let him ask of God, that giveth to all men liberally, and upbraideth not, and it shall be given him."