Wealthfront

Director of Home Lending

Palo Alto, California, United States

Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial ServicesIndustries

Position Overview

  • Location Type:
  • Job Type: Full-time
  • Salary: $130,000 - $145,000 USD annually (plus equity and a discretionary bonus)

Wealthfront is seeking a Director of Home Lending to join our team as we build and scale our mortgage lending operations. As a key player on the team, you will leverage your expertise to play a pivotal role in compliance, origination, and operational functions of the home lending unit. This position offers an exciting opportunity to be a part of a cutting-edge team in a rapidly growing environment.

Responsibilities

  • Lead configuration and optimization of the Loan Origination System (LOS) to meet business needs, ensuring efficient and compliant loan origination.
  • Collaborate with product and engineering teams to design scalable system workflows and ensure seamless integration with other technology platforms.
  • Oversee system testing, implementation, and ongoing enhancements to maintain operational efficiency and an excellent client experience.
  • Ensure all home lending processes and systems are compliant with federal and state regulations.
  • Provide pipeline support to origination and operations team members managing queues, workload, and providing back-up support.
  • Manage and support a team of origination and operations personnel.
  • Maintain strong working relationships with compliance and legal teams to ensure timely updates to operations in response to regulatory changes.
  • Assist with audits and licensing in alignment with industry standards.
  • Design and deliver comprehensive training programs for the home lending unit.
  • Implement training, reference material, policy, and procedure to support the launch of new states and product offerings.
  • Identify opportunities for process improvements and implement technology-driven solutions to enhance efficiency.
  • Participate in and lead proactive team efforts to achieve departmental and company goals.
  • Adopt Company values in work behaviors, decision making, contributions, and interpersonal interactions.
  • Contribute to a positive work environment by demonstrating cultural expectations and influencing others to reward performance, accountability, diversity and inclusion, flexibility, continuous development, collaboration, creativity, and fun.

Expertise

  • Customer-focused, business-centric, and team-oriented mindset; relentlessly passionate about finding and completing valuable work.
  • Strong working knowledge of state-specific licensing and registration requirements and use of the NMLS.
  • Strong working knowledge of Federal and state regulations including TRID and HMDA.
  • Involvement in regulatory and loan file audits.
  • Deep understanding of mortgage loan products, underwriting guidelines, and state requirements.
  • Self-driven with the ability to work independently and collaboratively.
  • Excellent organizational skills, able to set and meet deadlines in a high-paced environment.
  • Demonstrated ability to communicate effectively and influence positive outcomes at all levels of an organization.
  • Intellectually curious and interested in applying technology to enhance business processes.
  • Strong analytical and problem-solving skills with the ability to identify opportunities for operational improvement.
  • Proficiency in project management and familiarity with technology platforms commonly used in home lending operations.
  • Excellent communication skills focusing on both internal and external communications.
  • Openness to adapting to industry changes.

Requirements

  • Minimum 7 years of retail mortgage lending experience.
  • Minimum 4 years of experience in leadership roles.
  • Strong knowledge of Conventional Conforming and Jumbo guidelines.
  • Solid understanding of state and federal lending regulations.
  • Familiarity with digital lending platforms and automation tools.
  • Proven expertise in system configuration, particularly with Loan Origination Systems (LOS) and related platforms.

Benefits

  • Medical, vision, and dental insurance.
  • 401K plan.
  • Generous time off.
  • Parental leave.
  • Wellness reimbursement.

Skills

Loan Origination System (LOS)
Regulatory Compliance
System Configuration
Workflow Design
System Testing
Operational Efficiency
Team Management
Training Program Development
Process Improvement
Technology Integration

Wealthfront

Automated investment and wealth management services

About Wealthfront

Wealthfront provides financial services aimed at helping individuals grow their wealth through a digital platform. Its main offering is an automated investment platform that utilizes robo-advisors—algorithms that manage and invest client funds for long-term growth. This service is complemented by a high-yield cash account that offers a competitive 5.00% APY for short-term savings, provided through partner banks. Additionally, Wealthfront offers a diversified bond portfolio, allowing clients to earn dividends with tax advantages, and a platform for discovering and purchasing stocks to facilitate quick and strategic investment decisions. Unlike many traditional wealth management firms, Wealthfront focuses on automation and ease of use, making financial services accessible to a broader audience. The company's goal is to simplify wealth management and help clients maximize their financial potential.

Palo Alto, CaliforniaHeadquarters
2011Year Founded
$198.9MTotal Funding
SERIES_ECompany Stage
Fintech, Financial ServicesIndustries
201-500Employees

Benefits

Free lunches, snacks, coffee
Receive 1:1 mentorship
Caltrain pass, an additional transportation stipend, and relocation bonuses
Monthly wellness reimbursement
Discretionary time off policy and offer 16 weeks of paid parental leave
Comprehensive medical, dental and vision coverage

Risks

Increased competition from robo-advisors and traditional institutions may erode market share.
Free wire transfers could increase operational costs without boosting revenue.
Expansion into stock trading faces competition from established platforms like Robinhood.

Differentiation

Wealthfront offers a high-yield cash account with industry-leading 5.00% APY.
The company provides a diversified bond portfolio with tax advantages and no maturity dates.
Wealthfront's automated investment platform uses award-winning algorithms for long-term wealth growth.

Upsides

Wealthfront's cash account now offers up to $8 million in FDIC insurance.
The company has reached $50 billion in client assets, indicating strong growth.
Increased demand for AI-driven financial advice aligns with Wealthfront's robo-advisor services.

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