Loan Operations, Loan Closer

Milo Credit • Miami, FL

265d

About The Position

Milo is reimagining the way global consumers access credit and financial services in a borderless world. We are the first digital home lending solution for global consumers and investors who want to buy or cash out on their US real estate. We lend directly to our consumers through a world-class digital, multi-language platform. Milo is on a mission to build a digital bank providing financial solutions for global and crypto consumers. Founded in 2019, we are a venture-backed fintech startup headquartered in beautiful Miami. The Milo team has an amazing opportunity for an experienced Loan Closer to join our Loan Operations team. The Loan Closer will be responsible for closing loans once cleared from underwriting, finalizing and sending out the loan package while driving efficiencies to reduce the time it takes to close a loan.

Requirements

• Bachelor's Degree
• 5+ years at a bank in their residential mortgage lending department with good knowledge of lending post-closing and quality assurance practices
• Strong written and verbal communication skills
• Ability to adapt well to a fast-paced and constantly changing business environment
• PC proficient at the intermediate level
• Comfortable with new technology systems and paperless environment
• Demonstrated ability to work in a team-oriented environment
• Demonstrated ability to provide good customer service

Nice To Haves

• Experience working in Encompass or another LOS
• Experience underwriting and/or closing foreign national loans at a regional bank
• Having a network of other high-quality processors/underwriters/closers that would be interested in joining the team
• Independent and entrepreneurial mindset

Responsibilities

• Review original closing documents to ensure proper execution
• Follow up in a timely fashion to receive all corrections on closing documents
• Partner with Capital Markets team to answer any investor questions
• Develop and maintain workflows for all states of documents preparation, closing, filed documentation, funding of loans, and delivery of loans to investors
• Send out loan package to title agents through loan origination system once Closing Disclosure is approved
• Review funding items; disburse funds and issue funding number. Prepare wire transfer for disbursement
• Manage a large loan queue in a timely fashion
• Escalate to management all unresolved issues, where appropriate
• Review file for regulatory compliance
• Attend weekly pipeline meetings to assure loans projected to close are on time
• Speak up and suggest improvements wherever you see an opportunity
• Maintain working knowledge of Investor underwriting and funding guidelines to assist in loan delivery to partners

Benefits

• Competitive compensation to the market and tech ecosystem
• Stock options, giving you ownership in a fast-growing company
• Generous vacation policy with 4 weeks PTO per year
• Medical, dental, & vision insurance with up to $1,000 of premiums covered per month
• Option to save for your future and enroll into our 401K program
• Your choice of equipment for you to get your job done
• Fully stocked kitchen & fridge with coffee, seltzers, & snacks
• Monthly social hours including virtual game nights, ping pong tournaments, happy hours, etc.
• Quarterly out of office team-building events
• New office in vibrant Wynwood with a fun, energetic, & hardworking team committed to creating a product making a difference!

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree