Mortgage Underwriter

3+ months agoPlano, TX
About Opendoor:  
Founded in 2014, Opendoor’s mission is to empower everyone with the freedom to move. We believe the traditional real estate process is broken and our goal is simple: build a digital, end-to-end customer experience that makes buying and selling a home simple, certain and fast. We have assembled a dedicated team with diverse backgrounds to support more than 100,000 homes bought and sold with us and the customers who have selected Opendoor as a trusted partner in handling one of their largest financial transactions. But the work is far from over as we continue to grow in new markets. Transforming the real estate industry takes tenacity and dedication. It takes problem solvers and builders. It takes a tight knit community of teammates doing the best work of their lives, pushing one another to transform a complicated process into a simple one.  So where do you fit in? Whether you’re passionate about real estate, people, numbers, words, code, or strategy -- we have a place for you. Real estate is broken. Come help us fix it.

About the Role:
The Mortgage Underwriter is responsible for the evaluation of the borrower(s) overall creditworthiness. These operations include, but are not limited to, evaluating the mortgage loan application and documents provided by the customer in a timely manner, ensure loans adhere to investor and agency guidelines, managing personal pipeline and ensuring all applications are within SLA, responding and providing status information to all other internal interested parties. The Senior Mortgage Underwriter is responsible for rendering loan approvals or declines based on investor and agency guidelines and overlays. 

As a Mortgage Underwriter, you will:

  • Maintain daily pipeline management and team SLAs
  • Meet all quality metrics as communicated by management
  • Sustain proficiency in all investor and company guidelines 
  • Ensure adherence to policies, guidelines and procedures as well as compliance regulations (HMDA, TILA, RESPA, HOEPA, FCRA and ECOA) and credit guidelines 
  • Assist with renegotiation of loans base on credit guidelines 
  • Analyze and review financial statements, credit reports and all other applicable documentation in order to render a firm underwriting decision 
  • Ensure achievement and maintenance of performance standards to keep loans flowing into appropriate loan operations queues
  • Coordinate with other Mortgage Loan Operations contacts to ensure work distribution and pipeline managers provide optimal service level agreements
  • Provide training and advisement and help aid in performance improvement and development of fellow underwriters
  • Assist with QA/QC reviews and rebuttals
  • Communicate, demonstrate and inspires others to incorporate Opendoor’s vision and core values in daily activities

We're looking for teammates who have:

  • Senior Mortgage Underwriter: Five(5) years of Mortgage Underwriting experience
  • Mid Level Mortgage Underwriter: Three(3) years of Mortgage Underwriting experience
  • Thorough understanding of Government (FHA, VA) and Conventional (Fannie Mae, Freddie Mac) 
  • Strong analytical skills and decision-making ability to make lending decisions and translate guidelines
  • The ability to work independently and as a team; ability to garner support and collaborate with others
  • The ability to motivate and encourage team and peers
  • Strong written and verbal communication skills
  • Strong organizational skills to manage multiple priorities and meet deadlines in a fast-paced work environment

More About Us:
Want to learn more about us and how we are revolutionizing the home buying and selling process? Learn more about us on our website, check out our profile on The Muse to learn more about our culture from our team members, or read our blog posts to hear about the work we are doing.

We Offer the Following Benefits and Perks:
- Full medical, dental, and vision with optional 85% coverage for dependents
- Flexible vacation policy
- Generous parental leave
- Paid time off to volunteer
Please note that these benefits and perks are available only to Full Time team members and do not apply to contract roles.

Opendoor Values Openness:
Our team celebrates our diverse backgrounds. We believe that being open about who we are and what we do allows us to be better. Individuals seeking employment at Opendoor are considered without regards to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, sexual orientation, gender identity or other protected status under all applicable laws, regulations, and ordinances. For California residents: for more information about the categories of personal information that we collect for recruiting purposes, please see our personnel Privacy Policy.

Job ID: c3935666-6efd-4e00-8347-c73b909d1ed5