Mortgage Underwriter

Who We Are

Tomo is a digital mortgage company on a mission to eliminate the greed and complexity in lending, helping homebuyers save thousands of dollars. Our AI-driven customer experience makes the lending process faster, less frustrating, and more affordable. By passing these savings directly to homebuyers, we eliminate excessive fees and inflated rates that cost Americans billions each year. Backed by top-tier venture investors, including Ribbit, Citi Ventures, NFX and Progressive Insurance, Tomo is poised to become one of the most valuable fintech startups of our generation.

Location:  Remote, US  

Reports To: Head of Underwriting

Type:  Full-Time, Remote

As a Mortgage Loan Underwriter, you will have the opportunity to join Tomo’s growing mortgage operations team! Leveraging established underwriting guidelines, you will evaluate borrower financial and credit information along with property valuations to inform lending decisions. Our underwriters will collaborate closely with all members of the operations team throughout the process to bring loans to closing, without having to speak directly to the borrower.  We are looking for resourceful Underwriters who can make guidelines fit the borrower, not the borrowers fit the guidelines.

Beyond producing high quality loans, our goal is to build a memorable experience that will ensure our customers enjoy the home buying process. With offices in Detroit, Seattle and New York City, we are quickly expanding in order to deliver a once-in-a-lifetime experience through a combination of technology and excellent service

What You'll Do:

• 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

What Makes You a Great Fit:

• 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

Preferred Qualifications:

• VA LAPP/SAR/DE Certifications

• Experience working with Fannie Mae and/or Freddie Mac

Benefits

We strive to anticipate your needs in order for you to be a healthy, motivated, and happy team member. We provide a variety of competitive benefits including (but not limited to):

• Equity Ownership: All teammates receive stock options—we win together

• Comprehensive Medical, Dental, and Vision plans for you and your dependents with some plans 100% covered

• Work-life balance and a generous paid time off policy

• In order to support teammates who become parents, Tomo Mortgage provides paid parental leave

• 401(k) retirement plan