Demo
Salary Resume Critique Job Openings

Junior Mortgage Loan Closer

Tomo
Hamtramck, MI Full Time
POSTED ON 3/3/2025
AVAILABLE BEFORE 6/2/2025

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, DST, and NFX, Tomo is poised to become one of the most valuable fintech startups of our generation.

Are you passionate about helping homebuyers achieve their dreams? Do you thrive in a fast-paced, team-oriented environment? If you're eager to start your career in the mortgage industry or closing department, this is your chance to learn from the ground up!

As a Junior Closer, you'll gain hands-on experience in the mortgage process from start to finish. You'll assist in coordinating loan closings, preparing closing packages, and ensuring seamless transactions so homebuyers get their keys on time. With a strong desire to grow, you'll develop the skills needed to become a seasoned closer / funder while delivering top-tier customer service..

This role is a hybrid role, based in office Monday through Wednesday and is remote optional Thursday & Friday.

The things you'll do...

  • Redisclose all fee changes due to changes in loan terms throughout the process (e.g. third party fees, changes in appraised values, etc.) to ensure Tomo is in compliance.
  • Request and monitor all lender wires through the warehouse bank to fund loans on behalf of the entire closing team.
  • Track all signed physical loan documents to ensure timely delivery to warehouse banks and subsequent shipment to designated investors.

Your role will evolve to...

  • 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 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
  • Prepare and issue the Initial Closing Disclosure.
  • Draw and release closing documents to the Settlement Agent
  • Authorize funding of loan
  • Assist in resolving any post-closing issues as needed

    • The things you're exceptional at...

  • 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

    • You may also have the extras...

  • A bachelor's degree
  • 1 years of professional experience (bonus if that is recent mortgage closing / funding experience)

    • What's in It for You?

  • Career growth : Multiple paths within Tomo, including elite operational roles
  • Competitive compensation and benefits
  • Equity ownership : All teammates receive stock options
  • Coaching and mentorship : Build a foundation for a mortgage career

    • The expected annual compensation for this position will be between

    55,000-$65,000 USD

    Salary : $55,000 - $65,000

    If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution. Compensation Planning
    Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right. Surveys & Data Sets

    What is the career path for a Junior Mortgage Loan Closer?

    Sign up to receive alerts about other jobs on the Junior Mortgage Loan Closer career path by checking the boxes next to the positions that interest you.
    Income Estimation: 
    $47,337 - $60,875
    Income Estimation: 
    $74,047 - $99,426
    Income Estimation: 
    $53,395 - $68,871
    Income Estimation: 
    $47,337 - $60,875
    Income Estimation: 
    $74,047 - $99,426
    Income Estimation: 
    $53,395 - $68,871
    Income Estimation: 
    $53,395 - $68,871
    Income Estimation: 
    $74,047 - $99,426
    Income Estimation: 
    $86,090 - $104,578
    Employees: Get a Salary Increase
    View Core, Job Family, and Industry Job Skills and Competency Data for more than 15,000 Job Titles Skills Library

    Job openings at Tomo

    Contract Recruiting Coordinator
    Tomo
    Hired Organization Address New York, NY Full Time
    Who we are Tomo is a digital mortgage company on a mission to eliminate the greed and complexity in lending, helping hom...
    Director, Capital Markets
    Tomo
    Hired Organization Address New York, NY Full Time
    Who we are Tomo is a digital mortgage company on a mission to eliminate the greed and complexity in lending, helping hom...
    Junior Mortgage Loan Closer
    Tomo
    Hired Organization Address Detroit, MI Full Time
    Who we are Tomo is a digital mortgage company on a mission to eliminate the greed and complexity in lending, helping hom...
    Mortgage Loan Officer
    Tomo
    Hired Organization Address Hamtramck, MI Full Time
    Who we are Tomo is a digital mortgage company on a mission to eliminate the greed and complexity in lending, helping hom...
    View More Jobs at Tomo

    Not the job you're looking for? Here are some other Junior Mortgage Loan Closer jobs in the Hamtramck, MI area that may be a better fit.

    Junior Mortgage Loan Closer

    Tomo Mortgage, Detroit, MI

    Junior Mortgage Loan Closer

    Tomo, Detroit, MI

    View More Jobs

    AI Assistant is available now!

    Feel free to start your new journey!