Mortgage Loan Closer

$60,000 - $75,000/Yr

Tomo Agency - Stamford, CT

Full-time - Mid Level

Stamford, CT

Food Services and Drinking Places

About the position

The Mortgage Loan Closer at Tomo plays a crucial role in facilitating on-time closing and funding of purchase transactions, ensuring a seamless experience for homebuyers. This position requires a detail-oriented individual who can manage the coordination of loan closings and prepare closing packages efficiently, contributing to the company's mission of providing exceptional service and support to homebuyers.

Responsibilities

• 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.

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