About Tomo

Tomo’s mission is not just to make homebuying joyful, or to make homebuying easy, or to make homebuying fast. Tomo’s mission is to advantage the homebuyer. Everyone else is in line ready to take their cut from a homebuyer - and all too often that cut is not deserved. We are by their side trying to give them a leg up, trying to give them information others don’t have, give them advice others don’t have, give them a lower cost that others don’t have - all that they can use to achieve better outcomes than they’d be able to otherwise.

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 Stamford, CT, we are quickly expanding in order to deliver a once-in-a-lifetime experience through a combination of technology and excellent service

• 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

You’ll Need:

• 3+ 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

You Might Also Have:

• VA LAPP/SAR/DE Certifications
• Experience working with Fannie Mae and/or Freddie Mac