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Milo

Direct lender offering crypto-backed mortgages

Loan Operations - Loan Closer

Retail & Commercial BankingConfirmed live in the last 24 hours
Full-timeMiami, FL, USA

About the Job

Requirements

  • A bachelor's degree.
  • At least five years of experience at a bank in its residential mortgage lending department, with good knowledge of lending post-closing and quality assurance practices.
  • Strong written and verbal communication skills.
  • Ability to adapt to a fast-paced and constantly changing business environment.
  • Intermediate-level PC proficiency.
  • Comfort with new technology systems and a paperless environment.
  • Demonstrated ability to work in a team-oriented environment and provide good customer service.

Responsibilities

  • Review original closing documents to ensure proper execution.
  • Follow up in a timely manner to receive all corrections on closing documents.
  • Partner with the Capital Markets team to answer investor questions.
  • Develop and maintain workflows for document preparation, closing, filed documentation, loan funding, and delivery of loans to investors.
  • Send the loan package to title agents through the loan origination system once the Closing Disclosure is approved.
  • Review funding items, disburse funds, issue a funding number, and prepare wire transfers for disbursement.
  • Manage a large loan queue in a timely manner.
  • Escalate unresolved issues to management where appropriate.
  • Review files for regulatory compliance.
  • Attend weekly pipeline meetings to ensure loans projected to close are on time.
  • Suggest improvements when opportunities arise.
  • Use working knowledge of investor underwriting and funding guidelines to assist with loan delivery to partners.

Desired Qualifications

  • Experience working in Encompass or another loan origination system.
  • Experience underwriting and/or closing foreign national loans at a regional bank.
  • A network of high-quality processors, underwriters, or closers who may be interested in joining the team.
  • An independent and entrepreneurial mindset.

About the Company

Milo

Direct lender offering crypto-backed mortgages

Milo Credit, LLC provides mortgage and personal loan services as a licensed direct lender. It stands out by offering Crypto Mortgages, which let clients use their cryptocurrency holdings to qualify for and secure home loans. How the product works: customers apply online, get pre-qualified in minutes, and can close a mortgage in about three weeks; Milo also offers refinancing to lock in lower rates. The company earns money by charging interest on the loans it funds. Milo serves a mix of clients, including foreign nationals and crypto investors, focusing on people who have assets beyond traditional cash. What sets Milo apart from competitors is its focus on crypto and other alternative assets, combined with clear compliance, transparent processes, and a personal touch through ongoing support. The company aims to build long-term relationships with clients by providing flexible, tailored financial solutions and secure, compliant service.

Company size
51-200
Company stage
Series A
Total funding
$31.1M
Headquarters
Miami, FL
Founded
2019

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