About Tomo
Tomo believes the joy and promise of a new home should never be overshadowed by the hassle of buying one. We’re on a mission to reinvent home buying—beginning with a simpler, faster, and less expensive mortgage experience. By empowering homebuyers with technology and transparency, we’re fundamentally changing the way people buy homes.
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We are looking for a Junior Underwriter to play a crucial role in our loan underwriting process, ensuring the accuracy and compliance of conventional loans, non-delegated loans, and managing our scenario desk. You will have the opportunity to work with investors, homebuyers, and external partners, and provide support to application advisors and loan advisors. Do you want to play a vital role in shaping the future of the mortgage industry? If you have a passion for underwriting, a drive for excellence, and a desire to make a meaningful impact, we encourage you to apply for the Junior Underwriter position.
The things you'll be doing...
Great Underwriting: Perform thorough analysis and evaluation of loan applications, financial statements, credit reports, and other relevant documents to determine loan eligibility and adherence to underwriting guidelines.
Conventional and Non-Delegated Loans: Review and assess conventional loan applications, including verifying income, employment, credit history, and collateral, as well as non-delegated loans, ensuring compliance with investor guidelines and regulatory requirements.
Scenario Desk Management: Oversee the scenario desk, responding to inquiries from loan officers, application advisors, and other team members regarding loan scenarios, product guidelines, and underwriting criteria.
Investor Communication: Maintain effective communication with investors, providing necessary documentation, resolving queries, and ensuring loan files meet investor-specific guidelines.
Homebuyer and External Partner Interaction: Engage with homebuyers and external partners on occasion, addressing questions, clarifying underwriting decisions, and providing exceptional customer service to facilitate a smooth loan application process.
Compliance and Quality Control: Ensure underwriting decisions align with regulatory requirements, internal policies, and industry best practices, while maintaining a high level of accuracy and attention to detail.
The things you're exceptional at...
- Underwriting conventional mortgage loans.
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Analyzing financial statements, credit reports, and other relevant documentation to make informed underwriting decisions.
Communication & collaboration: effectively interact with internal and external stakeholders.
Attention to Detail: Meticulous attention to detail and the ability to perform accurate and thorough reviews of loan files.
Time Management: Strong organizational skills to manage multiple loan files simultaneously, prioritize tasks, and meet deadlines in a fast-paced environment.
You may also have the extras...
- 2+ years Experience in the mortgage industry or related financial services field is advantageous.
- Familiarity with Fannie Mae, Freddie Mac, FHA, and VA products
We care a lot about our Team…
Just like our ideal of anticipating the needs of our customers, we strive to provide everything our Tomo Teammates need to be happy, healthy, and motivated. Our package includes:
- Equity for all
- Free Medical Insurance (HSA & FSA Options)
- Free Dental Insurance
- Free Vision Insurance
- 4 fully remote weeks per year of your choosing (1/quarter)
- Flexible PTO
- Fully paid parental leave (4 or 12 weeks)
- 401(k) Retirement Plan
- Tomo Swag Bucks
- Commuter Benefits… and more!
