[Remote] Loan Processor at Wealthfront

Palo Alto, California, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, LendingIndustries

Skills

Key technologies and capabilities for this role

Mortgage loan processingLoan file reviewClient communicationThird-party vendor communicationNMLSTRIDHMDAMortgage loan productsUnderwriting guidelinesOrganizational skillsDeadline management

Questions & Answers

Common questions about this position

What is the salary range for the Loan Processor position?

The estimated annual salary range is $55,000 - 62,000 USD plus equity.

What benefits are offered for this role?

Benefits include medical, vision, dental, 401K plan, and generous time off.

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 the Loan Processor role?

Requirements include 2+ years of retail mortgage processing experience, a Mortgage Loan Originator License (company will sponsor for the right candidate), knowledge of Conventional Conforming and Jumbo guidelines, understanding of state and federal lending regulations, and extensive knowledge of customer service best practices.

What company values should I demonstrate if applying for this position?

The company values performance, accountability, diversity and inclusion, flexibility, continuous development, collaboration, creativity, and fun, and expects candidates to adopt these in work behaviors and interactions.

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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