Mortgage Loan Closer at Tomo Mortgage (New York, NY)
Tomo Mortgage· New York, NY· $60k–$75k·
Role details
Equity Ownership (Stock Options) · Comprehensive Medical, Dental, And Vision Plans · Paid Time Off · Paid Parental Leave · 401(K) Retirement Plan · Uncapped Monthly Bonus Opportunities
Summary
Tomo is seeking a Mortgage Loan Closer to review pre-closing documents, ensure compliance with federal and state regulations, and coordinate loan closings with title companies and settlement agents. The role requires attention to detail and experience in mortgage closing and funding processes.
Job description
Who We Are
Tomo is a digital mortgage company on a mission to eliminate the greed and complexity in lending, helping homebuyers save thousands of dollars. Our AI-driven customer experience makes the lending process faster, less frustrating, and more affordable. By passing these savings directly to homebuyers, we eliminate excessive fees and inflated rates that cost Americans billions each year. Backed by top-tier venture investors, including Ribbit, Citi Ventures, NFX and Progressive Insurance, Tomo is poised to become one of the most valuable fintech startups of our generation. 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
#LI-Hybrid #ZR Employee Benefits We strive to anticipate your needs in order for you to be a healthy, motivated, and happy team member. We provide a variety of competitive benefits including (but not limited to):
- 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
Why work at Tomo Mortgage
- Culture & Values: Emphasizes a culture of "performance, candor, and accountability" with core values including "GOAT" (excellence), "Shake it Up" (innovation), "Omotenashi" (anticipating customer needs), and "Start with Zero" (urgency and fresh perspective).
- Work Environment: Hybrid workplace — employees work on-site Monday-Wednesday and work from home on Thursday and Friday. Offices in Stamford (HQ), NYC, Seattle, and Birmingham, MI.
- Competitive Benefits:
- Competitive compensation packages including equity for all employees
- Comprehensive Medical, Dental, and Vision plans (some 100% covered)
- Generous paid time off policy
- Paid parental leave
- 401(k) retirement plan
- Impact: Described as a startup with "experienced leadership" and "record-setting funding" — an opportunity to have an outsized impact on transforming a massive industry while working alongside veteran leaders.