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 AgentSubmit 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 optionswe 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
