[Remote] Mortgage Underwriter at Tomo

Remote

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Mortgage, LendingIndustries

Requirements

7+ years of experience underwriting Fannie Mae and/or Freddie Mac
Knowledge of Desktop Underwriter (DU) & Loan Prospector/Loan Product Advisor (LP/LPA)
Understanding of the mortgage lending process
Ability to carry out loan calculations (DTI, LTV, etc.)
Ability to handle multiple files simultaneously
Strong written and verbal communication
Perform well in team environments
The drive to build something new
Leadership experience a plus
VA LAPP/SAR/DE Certifications (preferred)
Experience working with Fannie Mae and/or Freddie Mac (preferred)

Responsibilities

Underwrite and decision residential agency conforming mortgage loans
Verify and analyze all necessary financial information and documentation; ensure that loan files contain all necessary credit and legal documents
Review appraisal reports to identify and resolve any discrepancies discovered within
Perform thorough analysis of applicant's income and expense data, asset documentation, credit reports, and property valuations in order to affirm borrower qualifies for loan
Calculate qualifying ratios, determine creditworthiness; provide risk opinions
Maintain proactive review of pipeline

Skills

Key technologies and capabilities for this role

Mortgage UnderwritingLoan DecisioningFinancial AnalysisCredit AnalysisIncome AnalysisAppraisal ReviewDocumentation VerificationResidential LoansAgency Conforming Loans

Questions & Answers

Common questions about this position

What is the salary range for the Mortgage Underwriter position?

The expected annual compensation is between $85,000 - $100,000 USD.

Is this Mortgage Underwriter role remote?

Yes, the position is full-time and remote within the US.

What skills and experience are required for the Mortgage Underwriter role?

Candidates need 7+ years underwriting Fannie Mae and/or Freddie Mac loans, knowledge of Desktop Underwriter (DU) & Loan Prospector/Loan Product Advisor (LP/LPA), understanding of the mortgage lending process, ability to perform loan calculations like DTI and LTV, handle multiple files, and strong communication skills.

What is the company culture like at Tomo?

Tomo emphasizes collaboration within the growing mortgage operations team, building a memorable customer experience through technology and excellent service, and hiring resourceful underwriters who perform well in team environments with the drive to build something new.

What makes a strong candidate for the Mortgage Underwriter position?

A great fit has 7+ years of Fannie Mae/Freddie Mac underwriting experience, knowledge of DU/LP/LPA, strong analytical skills for loan calculations, ability to multitask, excellent communication, teamwork skills, and a drive to innovate; VA certifications and leadership experience are preferred.

Tomo

Token-based social platform for creators

About Tomo

Tomo Inc. operates a platform called Astro that enhances social interactions between creators and their supporters in the Web3 space. Astro provides features like direct messaging, private rooms, and personalized feeds, all secured by blockchain technology. The platform uses tokens to create unique engagement opportunities, allowing supporters to access exclusive content and privileges based on their token holdings. Tomo targets the rapidly growing creator economy, which includes individuals and small businesses generating income through content creation. The company employs a freemium business model, offering basic features for free while charging for advanced features and premium content, often paid for with tokens. Tomo's goal is to reshape how creators and their audiences connect and engage.

None, CaliforniaHeadquarters

2020Year Founded

$3.4MTotal Funding

SEEDCompany Stage

Consumer Software, Crypto & Web3Industries

11-50Employees

Risks

Blockchain technology evolution may outpace Tomo's current platform capabilities.

Intensifying regulatory scrutiny on token-based transactions poses compliance challenges.

Volatility in cryptocurrency markets affects Tomo's token-based revenue model.

Differentiation

Tomo integrates AI and blockchain for a seamless home-buying experience.

Astro platform offers token-based social interactions for creators and supporters.

Tomo's multi-chain wallet enhances digital asset management within Telegram.

Upsides

Tomo raised $3.5 million in seed funding led by Polychain Capital.

Growing creator economy boosts demand for platforms like Astro.

Increasing interest in SocialFi platforms enhances Tomo's market potential.

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