[Remote] Loan Originator at Wealthfront

New York, New York, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, MortgageIndustries

Requirements

2+ years of mortgage origination experience
Mortgage Loan Originator License
Strong knowledge of Conventional Conforming and Jumbo guidelines
Solid understanding of state and federal lending regulations
Extensive knowledge and understanding of customer service and intrapersonal best practices
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
Deep understanding of mortgage loan products and underwriting guidelines
Prior experience in wholesale and/or correspondent channels

Responsibilities

Build rapport with clients to ensure we are identifying the solution that meets their needs
Build rapport with buyer and seller agents to increase company market presence and ensure we are meeting local market demands and nuances
Use technology to guide clients in obtaining mortgages by answering their questions, collecting necessary documents and verifying information
Provide exceptional client service while advising on the purchase or refinance process
Respond to potential inquiries from company-generated prospects
Achieve or exceed sales goals and objectives
Work closely with operations, compliance and technology teams to optimize the loan application and workflow
Ensure that all loans originate in full compliance with federal and state regulations
Adopts Company values in work behaviors, decision making, contributions and interpersonal interactions
Contributes 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

Skills

Key technologies and capabilities for this role

Mortgage LendingLoan OriginationNMLSTRIDHMDAClient ServiceSalesComplianceFederal RegulationsState Regulations

Questions & Answers

Common questions about this position

What is the salary range for the Loan Originator position?

The estimated annual salary range is $81,000 - $90,000 plus equity and a discretionary component.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What skills and experience are required for this role?

Candidates need 2+ years of mortgage origination experience, a Mortgage Loan Originator License, strong knowledge of Conventional Conforming and Jumbo guidelines, and solid understanding of state and federal lending regulations.

What is the company culture like at Wealthfront?

The culture emphasizes adopting company values in work behaviors, contributing to a positive environment through performance, accountability, diversity and inclusion, flexibility, continuous development, collaboration, creativity, and fun.

What makes a strong candidate for this Loan Originator role?

A strong candidate has a customer-focused, business-centric, and team-oriented mindset, prior experience in wholesale and/or correspondent channels, excellent communication skills, and a passion for using technology to enhance processes.

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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