Mortgage Loan Closer

Mortgage Loan Closer

Location: New York, NY

Reports To: Closing Manager

Type: Full-Time; Hybrid (in office Mon-Wed, remote Thurs-Friday)

What You'll Do:

• Thoroughly review all pre-closing documents to ensure accuracy of information, including fees, rates, property details, and vesting, before document preparation.
• 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, and to verify that Borrower and property are correct
• Conduct compliance reviews of Loan Estimates, TILA, and fraud tools, ensuring the loan complies with federal and state rules.
• 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
• Assist in resolving any post-closing issues as needed

What Makes You a Great Fit:

• 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

Preferred Qualifications:

• A Bachelor's degree

Compensation: The expected base salary range for this position will be $60,000 - 65,000 USD, with additional uncapped monthly bonus opportunities targeting approximately 15% of the base salary, with total On-Target Earnings for this role being ~$75,000-80,000

Employee Benefits

• Equity Ownership: All teammates receive stock options—we win together
• 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
• In order to support teammates who become parents, Tomo Mortgage provides paid parental leave
• 401(k) retirement plan