Loan Processor
Multiply LabsFull Time
Junior (1 to 2 years)
The Application Specialist should possess 1-3 years of experience in a relevant role, such as loan processing, finance operations, compliance, servicing, or paralegal work, with a preference for experience in application review. Candidates are expected to demonstrate experience where success is measured by accuracy, completeness, and efficiency, and possess strong written and communication skills. An Associate’s or Bachelor’s degree is preferred, along with familiarity with computer and CRM systems, particularly Salesforce.
As an Application Specialist, the individual will own a pipeline of homeowner applications for processing, obtain necessary supplemental information from homeowners via a task/to-do service, place orders with third-party vendors for underwriting assessment components, verify all documentation for thoroughness, compile and complete an initial review of the full package to determine eligibility, communicate with the Sales team, and coordinate cross-functionally with the Signing and Funding team to orchestrate the closing and funding of investments.
Provides cash for home equity access
Hometap provides homeowners with a way to access their home equity without selling their property or incurring additional debt. The company offers a lump sum of cash in exchange for a share of the future value of the home, allowing homeowners to unlock up to $600,000 of their equity without monthly payments or interest. Hometap earns revenue by sharing in the appreciation of the home's value when it is sold or when the homeowner repurchases Hometap's share. This approach sets Hometap apart from traditional home equity loans, as it offers a flexible and debt-free solution. The company's goal is to simplify the financial process for homeowners, helping them achieve their financial objectives, such as paying off debt or funding education, while maintaining a high level of customer service.