Home Equity Underwriter

Summary

Join Point's Underwriting team as a Home Equity Underwriter and contribute to our mission of making homeownership more accessible. Analyze property and financial data to make informed approval recommendations, collaborate with cross-functional teams, and ensure compliance. You will manage a pipeline of applications, request necessary documents, and provide updates to stakeholders. This role requires experience in loan underwriting or a related field, strong analytical skills, and meticulous attention to detail. Point offers a comprehensive benefits package including generous health benefits, unlimited paid time off, flexible remote work options, fully paid parental leave, and financial wellness programs.

Requirements

• 1 year of experience in loan underwriting, loan processing, consumer lending, customer service, operations, fraud analysis, personal banking, or another analytical role
• Meticulous attention to detail
• Deep understanding of (or eagerness to learn) Fannie Mae lending guidelines
• Strong analytical and problem-solving skills
• Comfort presenting and defending credit decisions
• Fluency in Microsoft Office or Google Sheets. You use formulas to reduce errors and increase efficiency whenever possible
• A desire to deliver a high level of quality customer service

Responsibilities

• Review applications and documentation
• Request needed documents from homeowners through follow-ups
• Review the title to ensure the correct lien position and collaborate with the processor to ensure a clean title
• Submit finished dockets to QA for review and send out the final offer after the docket clears QA
• Provide updates to cross-functional teams(Processors, Closers, Account Managers)
• Effectively manage a pipeline of 60-100 files/dockets
• Reject dockets that do not meet underwriting guidelines

Preferred Qualifications

• Knowledge of common credit underwriting standards, and income and asset evaluation is a plus
• You are excited about joining a startup tech company, interested in real estate, and/or interested in fintech

Benefits

• Generous health benefits We provide medical, dental, and vision plans with options for flexible spending accounts (FSA) and health savings accounts (HSA)
• Unlimited paid time off Recharge with unlimited paid time off and 10 company holidays
• Flexible remote & onsite work Our teams work from many different locations and time zones. We support fully remote work and also have an amazing in-person environment in our downtown Palo Alto, CA HQ
• Fully paid parental leave Point will true-up wages from state-applicable PFL earnings so that the employee’s total gross pay will be equivalent to 100% of their regular base pay, as well as two weeks of fully paid leave to be available after exhaustion of state PFL. For employees in states without Paid Family Leave, Point will provide up to 8 weeks of paid parental leave. In addition, all employees will receive 4 weeks of fully paid transition time. For four weeks after returning from parental leave, and following the use of all other paid leave benefits, you may work part-time, meaning two or three days per week, and receive 100% of regular base pay
• Financial wellness We provide 401K retirement plans for employees as well as guaranteed life insurance and short- and long-term disability coverage. Full-time employees have the opportunity to take ownership in the company through equity options
• Extra work/life benefits We provide monthly stipends for internet, mobile plans, and a one-time home office reimbursement