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Splash Financial

Connects borrowers with lenders for refinancings

HELOC Closing & Delivery Manager

Full-TimePosted on 9/24/2026
$69k - $85k/yr+ Equity
Junior
Bachelor's, Associate's
Cleveland, OH, USA
HybridRequires 1–4 days per month in the downtown Cleveland office.
Finance & BankingRetail & Commercial Banking

About the job

Requirements
  • An associate’s or bachelor’s degree, or equivalent work experience.
  • At least 2 years of experience in mortgage or home equity line of credit closing, post-closing, or loan delivery operations.
  • Working knowledge of the home equity line of credit or home equity lending lifecycle, including lien position, subordination, rescission, and investor delivery requirements.
  • Experience reviewing loan files and closing documents for accuracy and resolving discrepancies using established guidelines.
  • Experience with a loan origination system.
  • Ability to independently manage multiple files, prioritize deadlines, and know when to escalate an exception.
  • Ability to maintain confidentiality when handling sensitive borrower and financial information.
  • Familiarity with applicable federal and state home equity lending requirements.
Responsibilities
  • Help develop and document home equity line of credit closing and investor-delivery checklists, loan origination system workflows, remote online notarization and electronic closing procedures, and quality-control standards in partnership with the Director of Home Equity Line of Credit Operations.
  • Identify recurring issues in the closing-to-sale process and recommend improvements as the program grows.
  • Review home equity line of credit files following credit approval to confirm prior-to-closing conditions, disclosures, and closing documents are complete and consistent with program and investor guidelines.
  • Review title commitments or property and lien reports, lien searches, payoff statements, and subordination agreements to confirm lien position and identify title exceptions that need to be resolved before closing.
  • Confirm collateral and insurance requirements are met, including property valuation, flood zone determination, required flood notice or insurance, and hazard insurance with the correct mortgagee clause.
  • Enter and validate loan data in the loan origination system and integrated document platforms to generate accurate closing documents, including the home equity line of credit agreement, security instrument, and Notice of Right to Cancel.
  • Escalate unusual file conditions or requirements that fall outside established guidelines.
  • Coordinate with settlement agents, borrowers, and investors to schedule and complete in-person, hybrid, and remote online notarization electronic closings.
  • Serve as the borrower’s primary point of contact from clear-to-close through funding, explain what to expect at signing and during any applicable rescission period, respond to process questions, and refer questions about loan terms or pricing to licensed staff.
  • Work with underwriting, processing, servicing, and external partners to resolve routine issues and keep files moving toward closing and boarding.
  • Review executed closing packages for completeness and accuracy, including signatures, dates, notarization, and Notice of Right to Cancel dates, and coordinate corrections before funding.
  • Confirm prior-to-funding conditions are satisfied and any applicable rescission period has expired before authorizing disbursement of initial draws under established procedures.
  • Follow funding controls, including independent callback verification of settlement-agent wire instructions, reconciliation of funding amounts to closing figures, confirmation of disbursement, and escalation of discrepancies before funds are released.
  • Coordinate the transition of closed home equity line of credit loans into the investor sale and delivery pipeline.
  • Track recording of security instruments and other trailing documents, and coordinate collateral file delivery to the document custodian, including electronic note registration and electronic vault steps where applicable.
  • Prepare and submit investor delivery packages and loan data in accordance with investor and program requirements and purchase deadlines.
  • Serve as the day-to-day contact for investor counterparts, resolve routine discrepancies, and escalate complex issues to support timely purchase.
  • Manage an assigned pipeline of home equity line of credit files from post-approval through investor sale while meeting closing and delivery deadlines, quality standards, and turn-time targets.
  • Maintain organized, accurate files in accordance with company policy, information security standards, and recordkeeping requirements.
  • Provide files and information for quality control, internal audit, investor due diligence, and regulatory examination requests related to closed and sold loans.
  • Help develop training materials for future closing staff and share process knowledge as the team grows.
Desired Qualifications
  • Vesta experience.
  • Experience with DocMagic.
  • Experience helping document or improve closing processes in a new product line or growing lending operation.
  • Experience at a home equity line of credit-focused or home equity lender.
  • Familiarity with electronic notes, electronic vaults, and investor loan sale or delivery processes.
  • Experience training or mentoring closing or processing staff, or interest in growing into a people-management role as the team scales.
  • Familiarity with electronic closing, electronic-signature, and remote online notarization platforms.

About the company

Splash Financial connects U.S. borrowers with lenders to refinance student loans and personal loans, helping them find options that fit their finances. The platform matches borrowers with lenders offering competitive rates that can vary, and it does not guarantee loan approval or the lowest rate. A notable niche is medical resident refinance loans, available only to those in residency or fellowship programs. The service earns revenue by fees for arranging refinancings and aims to reduce borrowers’ interest costs and debt by matching them with suitable refinancing options.

Company Size

51-200

Company Stage

Series C

Total Funding

$139.6M

Headquarters

Cleveland, Ohio

Founded

2013

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Simplify's Take

What believers are saying

  • September 17, 2025 Series C raised over $70 million for expansion.
  • Splash has processed over $6 billion in loans, proving distribution scale.
  • HELOC availability across many states and $500,000 limits broaden revenue opportunities.

What critics are saying

  • Student-loan refinancing demand remains structurally pressured, limiting core volume after pandemic repayment resumption.
  • Splash cut staff in 2022; employee reviews described mass layoffs and survival worries.
  • HELOCs expose Splash to housing-cycle losses and investor pullback if delinquencies rise.

What makes Splash Financial unique

  • Splash’s marketplace links borrowers to credit unions and banks with automated underwriting.
  • Its 2025 HELOC launch expands beyond student loans into home equity.
  • Splash’s AI-enabled lending platform differentiates through comparison shopping and lender network distribution.

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Benefits

Remote Work Options

Unlimited Paid Time Off

Paid Holidays

Company Equity

Health Insurance

Parental Leave

401(k) Retirement Plan

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

3%

2 year growth

0%
PR Newswire
Sep 17th, 2025
Splash Financial Raises $70M in Series C

Splash Financial announced it has raised over $70 million in a Series C funding round led by Grand Oaks Capital, with participation from First Tech Federal Credit Union, Curql Collective, The O.H.I.O. Fund, and existing investors. This brings Splash's total equity funding to over $135 million. The funds will support growth and the launch of a new home equity line of credit product. Splash has processed over $6 billion in loans since its founding.

Boone Newspapers Inc.
Sep 17th, 2025
Splash Financial Raises More Than $70 Million in Series C Round

CLEVELAND, Sept. 17, 2025 /PRNewswire/ - Splash Financial ("Splash"), a leading AI-enabled lending marketplace, today announced it has secured more than $70 million in a Series C funding round and launched a new home equity line of credit (HELOC) product.

Venture Capital
Sep 17th, 2025
Splash Financial Secures $70 Million in Series C Funding Round and Introduces HELOC Product

Splash Financial has raised over $70 million in a Series C funding round and launched a new home equity line of credit (HELOC) product, driving growth and reinforcing its position as a top choice for consumers seeking competitive rates.

Business Wire
Sep 4th, 2025
Thread Bancorp, Inc. Welcomes Dan Chang as New General Counsel and Chief Compliance Officer, Supporting Expansion of Embedded Banking Services

Chang joins Thread from Splash Financial, Inc. where he served as General Counsel and Chief Compliance Officer.

Intelligence360 News
Mar 4th, 2024
Splash Financial Has Filed A Notice Of An Exempt Offering Of Securities To Raise $7,002,249.00 In New Equity Investment.

Splash Financial has filed a notice of an exempt offering of securities to raise $7,002,249.00 in New Equity Investment.Frisco, Texas — According to state and local development sources, Thomson Reuters plans to invest $835,000.00 to build out 46,000 square feet of new space in Frisco. The company plans to occupy the new space at 6160 Warren Pkwy in Frisco, on or about July 1, 2024. According to the company website Thomson Reuters is the worlds leading provider of news and information-based tools to professionals. Our worldwide network of journalists and specialist editors keep customers up to speed on global developments, with a particular focus on legal, regulatory and tax changes. Our customers operate in complex arenas that move society forward tax, law, compliance, government, media. In a disruptive digital age, we help professionals reinvent themselves

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