Mortgage Loan Closer

$60,000 - $75,000/Yr

Tomo Mortgage - Stamford, CT

Full-time - Mid Level

Stamford, CT

About the position

The Mortgage Loan Closer at Tomo Mortgage plays a crucial role in facilitating timely closings and funding for home purchase transactions. This position is designed for individuals who thrive in a fast-paced environment and are dedicated to providing excellent customer service. The role involves reviewing pre-closing documents, ensuring compliance with regulations, and coordinating with various stakeholders to ensure a smooth closing process for homebuyers.

Responsibilities

• Thoroughly review all pre-closing documents for accuracy, including 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, verifying that Borrower and property are correct.
• Conduct compliance reviews of Loan Estimates, TILA, and fraud tools to ensure compliance with federal and state rules.
• Prepare and issue the Initial Closing Disclosure.
• Coordinate loan closing with the 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.

Requirements

• 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-haves

• A Bachelor's degree.