Tomo
Mortgage Loan Closer
New York City, Remote. Posted 5 months ago
The role
The Mortgage Loan Closer reviews pre-closing documents and inputs data into the loan origination system. This role coordinates loan closings with title companies and manages the funding process.
What you will do
- Review all pre-closing documents for accuracy of fees, rates, property details, and vesting
- Input required closing data in the loan origination system
- Review Compliance Ease reports and remediate any fails or alerts
- Check title report for correct endorsements and approved items
- Conduct compliance reviews of Loan Estimates, TILA, and fraud tools
- Prepare and issue the Initial Closing Disclosure
- Coordinate loan closing with title company
- Draw and release closing documents to the Settlement Agent
- Submit request to warehouse bank and release funds
- Authorize funding of loan and assist in resolving post-closing issues
Required qualifications
- 3+ years of recent mortgage closing/funding experience
- Attention to detail and organizational skills
- Staying current on federal, state, investor and internal policies and procedures
- Maintaining transparency between all teammates involved in a customer’s journey
Nice to have
- A Bachelor’s degree
Benefits
- Equity Ownership: All teammates receive stock options
- Comprehensive Medical, Dental, and Vision plans for you and your dependents with some plans 100% covered
- Work-life balance and a generous paid time off policy
- Paid parental leave
- 401(k) retirement plan
About the company
Tomo is a digital mortgage company on a mission to eliminate the greed and complexity in lending. It is a fintech startup backed by investors including Ribbit, Citi Ventures, NFX and Progressive Insurance.