---
title: 'Mortgage Loan Closer at Tomo Mortgage'
canonical: 'https://feeny.ai/job/mortgage-loan-closer-tomo-mortgage-new-york-5ney7g4g2nwc'
type: 'job'
last_seen: '2026-09-12'
---

# Mortgage Loan Closer at Tomo Mortgage

- **Company:** Tomo Mortgage
- **Location:** New York, NY
- **Compensation:** $60k–$75k
- **Employment:** full-time
- **Work type:** hybrid
- **Posted:** 2026-06-16
- **Last confirmed live:** 2026-09-12
- **Apply:** https://jobs.ashbyhq.com/tomo/110cbe44-1ba7-4cba-ab7b-cc599213db64/application

**Skills:** Mortgage closing, Funding, Loan origination systems, Compliance Ease, TILA, Loan Estimates, Title reports, Federal and state mortgage regulations

> 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

## About Tomo Mortgage

## Company Overview
- **One-liner**: Tomo Mortgage is a fintech mortgage lender that uses AI and automation to make home buying faster, easier, and less expensive by eliminating hidden fees and inflated rates.
- **Entity Type**: Private (Startup)
- **Headquarters**: Stamford, Connecticut, USA (with additional offices in New York, NY; Seattle, WA; and Birmingham, MI)
- **Founded**: 2020
- **Founders**: Greg Schwartz (CEO) and Audrey Troutt (CTO)

## Core Business
- **Primary industry/industries**: Mortgage lending, Fintech, Real Estate Technology (PropTech)
- **Target customers**: B2C — primarily homebuyers, including first-time homebuyers, those upgrading from a starter home, and experienced buyers/investors
- **Mission or purpose statement**: "The joy and promise of a new home should never be overshadowed by the hassle of buying one." — Tomo aims to revolutionize home buying by digitizing and automating the mortgage process.

## Products & Services
- **Tomo Mortgage (Core Product)**: A digital-first, direct mortgage lending service (nonbank lender). Uses AI and automation to streamline the mortgage process, offering lower interest rates (approx. 0.5% less than industry average) and transparent pricing with no "greedy fees" like processing or origination charges. Customers are quoted rates and closing costs upfront without needing to provide personal information or speak to a salesperson.

## Market Standing
- **Valuation/Market Cap**: Not disclosed
- **Key Metric**: Total Funding — Tomo secured a record-setting **$70 million seed round** (among the largest seed rounds in fintech history). Backed by prominent investors including Progressive Insurance®, Metaprop, Ribbit Capital, DST Global, and NFX.
- **Other Metrics**:
    - Active in **30 U.S. states** and Washington, D.C., with plans to continue expanding throughout 2025.
    - Company size: **85 employees** (with ~23 in Product + Tech roles)
    - Named **"Best Online Lender: 2025"** by Bankrate (4.9 score)
    - 98% on-time closing rate (compared to ~40% industry average)
    - Average customer saves approximately **$4,000 at closing**
- **Notable Investors/Partners**: Progressive Insurance®, Metaprop, Ribbit Capital, DST Global, NFX (also includes backing from Zillow’s former CEO)
- **Growth Signals**: Rapid expansion from startup to 30-state lender within 5 years; recognition as best online lender; strong customer satisfaction (5.0 rating, 70+ reviews)

## Competitive Advantages
- **AI-Powered Efficiency**: Uses AI and automation to digitize the mortgage process, reducing costs and closing times significantly.
- **Radical Transparency**: Publishes upfront rates without requiring personal data. No hidden fees or bait-and-switch pricing — a stark contrast to traditional lenders and big banks.
- **Experienced Leadership**: Founded by ex-Zillow executives who witnessed firsthand how the real estate system benefits institutions over consumers.
- **Strong Funding Backing**: The record $70M seed round provides significant runway for growth, technology investment, and market expansion.

## Strategic Focus
- **Market Expansion**: Actively expanding into new states (currently 30 + DC) with plans for continued growth through 2025.
- **Product Innovation**: Continues to invest in AI and automation to further simplify and de-risk the home buying experience.
- **Customer Experience**: Focused on maintaining high customer satisfaction (5-star reviews) and on-time closing rates while scaling.

## Why Work Here
- **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.

## Sources
1. [tomo.com](https://tomo.com/) — Company homepage
2. [tomo.com](https://tomo.com/mortgage/about-us) — About Us page
3. [tomo.com](https://tomo.com/blog/wp-content/uploads/2025/03/Press-Kit.pdf) — Official Press Kit (PDF)
4. [builtin.com](https://builtin.com/company/tomo) — Built In company profile (careers, culture, perks)
5. [tomo.com](https://tomo.com/mortgage/careers) — Careers page

## Other roles at Tomo Mortgage

- [Senior Accountant](https://feeny.ai/job/senior-accountant-tomo-mortgage-new-york-7vmnm8xhq6kh) — New York, NY
- [Head of Data](https://feeny.ai/job/head-of-data-tomo-mortgage-new-york-4cdbs37k71aw) — New York, NY
- [Sales Manager, Loan Officers](https://feeny.ai/job/sales-manager-loan-officers-tomo-mortgage-detroit-7q0x7rv0g3ca) — Detroit, MI
- [Mortgage Loan Processor](https://feeny.ai/job/mortgage-loan-processor-tomo-mortgage-new-york-42w9d9694pez) — New York, NY
- [Mortgage Loan Officer (Detroit, MI)](https://feeny.ai/job/mortgage-loan-officer-detroit-mi-tomo-mortgage-detroit-ydx0k5mvg4d8) — Detroit, MI
- [Post Closing Coordinator](https://feeny.ai/job/post-closing-coordinator-tomo-mortgage-new-york-82m7y5j6zxf2) — New York, NY
- [Mortgage Loan Processor (Detroit)](https://feeny.ai/job/mortgage-loan-processor-detroit-tomo-mortgage-detroit-9jwfnwavjfqc) — Detroit, MI
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- [Loan Advisor (Honolulu)](https://feeny.ai/job/loan-advisor-honolulu-tomo-mortgage-honolulu-w7ba4yxp05w5) — Honolulu, HI
- [Loan Advisor (St. Louis)](https://feeny.ai/job/loan-advisor-st-louis-tomo-mortgage-st-louis-7c99fhz37v2g) — St. Louis, MO