Mortgage Underwriter

Who we areTomo 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, NFX and Progressive, Tomo is poised to become one of the most valuable fintech startups of our generation.Location: Remote, USReports to: Head of UnderwritingEmployment type: Full-Time, RemoteAs a Mortgage Loan Underwriter, you will have the opportunity to join Tomo's growing mortgage operations team! Leveraging established underwriting guidelines, you will evaluate borrower financial and credit information along with property valuations to inform lending decisions. Our underwriters will collaborate closely with all members of the operations team throughout the process to bring loans to closing, without having to speak directly to the borrower. We are looking for resourceful Underwriters who can make guidelines fit the borrower, not the borrowers fit the guidelines.Beyond producing high quality loans, our goal is to build a memorable experience that will ensure our customers enjoy the home buying process. With offices in Detroit, Seattle and New York City, we are quickly expanding in order to deliver a once-in-a-lifetime experience through a combination of technology and excellent service.What You'll Do:Underwrite and make decisions on residential agency conforming mortgage loansVerify and analyze all necessary financial information and documentation; ensure that loan files contain all necessary credit and legal documentsReview appraisal reports to identify and resolve any discrepancies discovered withinPerform thorough analysis of applicant's income and expense data, asset documentation, credit reports, and property valuations to affirm borrower qualifies for loanCalculate qualifying ratios, determine creditworthiness; provide risk opinionsMaintain a proactive review of pipelineWhat Makes You a Great Fit7+ years of experience underwriting FannieMae and/or FreddieMacKnowledge of DesktopUnderwriter (DU) & LoanProspector/Loan Product Advisor (LP/LPA)Understanding of the mortgage lending processAbility to carry out loan calculations (DTI, LTV, etc.)Ability to handle multiple files simultaneouslyStrong written and verbal communicationPerform well in team environmentsThe drive to build something newLeadership experience a plusPreferred QualificationsVA LAPP/SAR/DE CertificationsExperience working with FannieMae and/or FreddieMacThe expected annual compensation for this position will be between $85,000 USD – $100,000 USD.Seniority levelMid-Senior levelEmployment typeFull-timeJob functionFinance and SalesIndustriesTechnology, Information and InternetJ-18808-Ljbffr