Job description

Redwood City, CA or Los Angeles, CA
Be a part of a company that can finally provide high-quality architecture to the masses.
Abodu has been operating in the Bay Area since 2018. This is an amazing chance to be an early hire at a Series A startup that is rapidly growing, revolutionizing housing and defining a new multi-billion-dollar housing category.

ADU Finance is a wholly owned subsidiary of Abodu, the nation’s leading Accessory Dwelling Unit (ADU) provider. ADU Finance is looking for a leader in mortgage origination to support homeowners seeking financing opportunities for their ADU projects. You will be responsible for building and leading a best-in-class brokerage & non-delegated correspondent lending program to compliment Abodu’s product growth across the western US. We’re searching for a highly skilled leader in mortgage originations who has demonstrated experience in building and/or leading similar platforms in the residential or commercial mortgage industry.

Responsibilities

Own and drive a roadmap which paves the way for ADU Finance to go from broker to non-delegated correspondent lender rapidly.
Develop creative solutions that meet the shifting demands of our customers
Evaluate and provide guidance on broker-centric and fulfillment third-party software.
Perform market research to select and source mortgage products suitable for all clients.
Prospect best-in-class direct and wholesale lenders to strengthen brokerage relationships while evaluating requirements and partnerships for ADU Financing’s correspondent lending future.
Negotiate and establish warehouse facilities as-needed to support non-delegated lending services.
Be a main contributor to ADU Financing’s policies and procedures including compliance and QC plans.
Assist in the training of less experienced underwriters
Work cross-functionally with Abodu team members.
Perform detailed underwriting analysis of all loan products including calculating all income type, calculating complex financial analysis, analyzing title reports and lien information, reviewing all financial statements, appraisals for product eligibility requirements, and reviewing any additional documentation prior to approval and clear to close.
Ensure that all loan files are documented to meet portfolio and investor guidelines to ensure marketability and maintain quality standards.

Qualifications

California state licensed MLO. DRE with MLO endorsement required in the state of California. Other state licenses a plus.
Bachelor’s degree
Certified Mortgage Compliance Professional a plus
5+ years of similar brokerage and correspondent mortgage origination leadership, either in commercial or residential mortgage, with demonstrated success leading a team of loan officers
Proven success and expert knowledge in mortgage lending processes, and knowledgeable in the logistics and execution of a correspondent and white labeled table funding mortgage origination models
Balanced focus of driving origination volume with good quality underwriting and risk assessment
Successful track record of recruiting and developing operations team members (loan officers / underwriters)
Strong leadership and coaching skills, projecting a positive attitude, and providing an environment of professional excellence.
Supports achievement of business objectives through effective management of sales and operations

What we offer:
Health, Dental and Vision insurance
Competitive pay and equity
Team building events
Free healthy snacks (some sweet ones too!)
Bring your dog to work

Pay Transparency:
The below represents the expected salary range for this position in Redwood City, CA. We take a number of factors into account when determining compensation including your location, experience, and other job-related factors.

Salary Range: $75,000 to $95,000 annually + equity + benefits+Commission- Abodu expects to hire for this position near the middle of the range. Only in truly rare or exceptional circumstances where a candidates experience, credentials, or expertise far exceed those required or expected will we consider and offer at the top of the salary range.

Abodu offers a competitive benefits package including medical, dental, vision, paid time off, company holidays, stock option plan, and commuter benefits.

Please note that all Abodu employees are required to be vaccinated.

Abodu is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

jackharris.com is the go-to platform for job seekers looking for the best job postings from around the web. With a focus on quality, the platform guarantees that all job postings are from reliable sources and are up-to-date. It also offers a variety of tools to help users find the perfect job for them, such as searching by location and filtering by industry. Furthermore, jackharris.com provides helpful resources like resume tips and career advice to give job seekers an edge in their search. With its commitment to quality and user-friendliness, jackharris.com is the ideal place to find your next job.