As a Mortgage Processor at RenoFi, you’ll work closely with your team members in operations, the sales team, and homeowners to efficiently bring together all the required pieces to help families finance their dream renovations faster. We pride ourselves by the way we go above and beyond to offer our clients impeccable customer service.
Let’s break it down: our ideal candidate is well organized (crazy organized), isn’t afraid to pick up the phone and ask for what you need, and is not a quitter! The processor is the backbone of our company and offers the best opportunity for corporate growth.As a processor, you’ll be responsible for all pre-underwriting tasks including doc collections, credit review, renovation document review, and much more.This position also provides for an opportunity for the candidate to meaningfully identify, articulate, design, and implement process improvements alongside our talented software development team. This critical position requires that the candidate be organized, an expert communicator, customer-obsessed, as well as passionate about being a part of a leading innovative fintech start-up. RenoFi is a fully distributed team, meaning you can work from anywhere. We are seeking the best talent regardless of location however at this time the role is not available to candidates in California, Washington, New York, Alaska, or Colorado.
Key Responsibilities
- 3+ years of Mortgage processing experience
- Experience at an independent mortgage brokerage/banking company is a plus
- Experience in renovation loans is a plus
- Strong attention to detail
- Excellent written and verbal communication skills
- Highly adaptable team player
- WIllingness to learn new technologies and work with exceptional talent
- Self directed and extremely organized
- Experience working in LendingQB (MeridianLink) a plus
$70,000 - $80,000 a yearCompensation is a mix of base salary and commission based on a number of factors. The OTE range is $70,000 to $80,000 with the base salary making up approximately 50% of total earnings. We are committed to hiring and cultivating a diverse team. If you are uncertain about whether you meet our requirements, please apply anyway!
ABOUT US:
The demand for home renovations has never been stronger, yet, it's surprisingly difficult for a new homeowner to renovate. It can take a decade to build up enough home equity and savings to pay for a major renovation. As a result, recent homeowners do a lot of financially-suboptimal things to compensate like borrow from their 401k, rack up credit card debt, and use high-interest personal loans. Or they just live unhappily for years in a home that doesn't meet their family's needs.But by completing a major renovation, homeowners are increasing the value of their home.
Professional real estate investors leverage this After Renovation Value (ARV) to roll the increase in value into new properties all the time. But there hasn't been a great way for homeowners to take advantage of this. If homeowners had an ability to borrow against the ARV, they could increase their borrowing power up to 10x.To meet this need, RenoFi created a platform that enables homeowners to borrow funds from RenoFi approved lenders in the form of the first home equity loan purpose-built for renovations! Unlike standard home equity loans, RenoFi Loans use the value of your home post-renovation which lets you borrow the most money at the best possible terms. RenoFi is creating a full suite of renovation loan products to better suit the needs of today’s homeowners!For homeowners, RenoFi makes it possible to renovate years earlier than might be otherwise feasible. For contractors, we empower the financing of renovations at the point of sale, reducing instances of scope reduction, and ensuring prompt payment. Our lender partners, most often credit unions, rely on RenoFi's platform to generate loans, create efficiencies, and grow membership. The lenders pay RenoFi for the new loans, which allows us to offer our services to homeowners for free. RenoFi is truly a win-win-win for everyone involved.RenoFi is backed by some of the best startup investors in the world, including First Round Capital, Comcast Ventures, and Canaan Partners.
WE ARE A GLOBALLY DISTRIBUTED TEAM
RenoFi has been built from the start as a fully distributed team with an intentional focus on growing a strong team and culture that spans timezones and nationalities. Here's one fun example!Please highlight any prior experience working remotely when applying. US or GMT-adjacent timezones will be prioritized.RenoFi offers competitive cash and equity compensation. Some benefit offerings will vary from country to country. In the United States, we offer competitive health and retirement plans. All staff across the globe enjoy a flexible vacation policy.
READ MORE ABOUT RENOFI
Our post announcing our funding: https://www.renofi.com/blog/financing-should-not-be-the-hardest-part-of-renovating/Blog post by our lead investor announcing his investment in RenoFi: https://www.canaan.com/latest/brendan-dickinson-announcing-our-investment-in-renofiNational coverage by Housing Wire: https://www.housingwire.com/articles/renofi-raises-6-4-million-to-help-lenders-offer-home-renovation-loans/#LI-RemoteApply for this job
