Are you intrigued by the thought of disrupting a trillion dollar industry through technology? At Opendoor, we're on a mission to make it simple to buy & sell homes. The traditional process is broken, with an average home taking over 90 days to sell & costing thousands of dollars. We empower everyone with the freedom to move by making buying & selling a home stress-free & instant. We've built an exceptional team, seen strong growth, served over 85,000 customers & recently went public! The coming years present a tremendous opportunity for innovation as we explore new frontiers & scale nationwide.
About the Team:
The Mortgage Loan Operations Team strives to simplify loan procedures & processes, provide superior services to the customer and create long-term value by streamlining the origination process & originating loans in a cost-effective manner.
These objectives are accomplished through the accurate processing of loan documents within the company standards to assure the borrower(s) receive the appropriate documents, containing correct information on time for their scheduled closing. Proper & timely setup of the account on our processing system with complete & accurate information is essential to the department's success. Opendoor Home Loans pipelines must be monitored systematically to ensure timely processing of all applications.
About the Role:
The Mortgage Processor is responsible for all aspects of the daily operations within a Mortgage Loan Operations Team. These operations include, but are not limited to, the completion of all loan processes: generating complete & accurate disclosure documents in a timely manner; evaluating changes in key loan characteristics & generating re-disclosure documents as appropriate; ordering, obtaining, & processing loan documentation provided by customers, settlement agents, & other third parties according to established guidelines; confirming closing fees & loan terms; preparing & securing properly executed loan documents; disbursing loan proceeds pursuant to approved loan terms; and, responding & providing status information to customers, settlement agents & all other internal & external interested parties. The Mortgage Processor is responsible for a variety of loan documentation duties using comprehensive knowledge of policies & procedures for loan products.