Full-Time

Mortgage Loan Officer

Posted on 11/18/2024

Unison

Unison

51-200 employees

Home equity sharing for debt-free financing

Financial Services
Real Estate

Entry, Junior

Phoenix, AZ, USA

Must be located in Phoenix, AZ or in the surrounding metropolitan area.

Category
Real Estate
Real Estate Finance
Required Skills
Sales
Requirements
  • Be a registered and/or licensed officer
  • If you currently are a registered LO, you will take the 20 hour NMLS course, and pass the licensing exam
  • If you are currently an LO, we will work with you to complete the transfer of your applicable licenses
  • Must be located in Phoenix, AZ or in the surrounding metropolitan area
  • 2 years sales experience in a contact center environment
  • Have strong attention to detail, quality, and compliance skills
  • Strong analytical and problem solving, and time management skills
  • Previous, recent mortgage experience required
Responsibilities
  • Conduct complete and thorough loan applications, request customer documents, maintain deep understanding of loan parameters and underwriting guidelines
  • Track customer contact and updates conversation logs with pertinent information
  • Resolve problems throughout the loan process
  • Review and explain Loan Estimate (LE), Closing Disclosures (CD), and mortgage documentation
  • Ensures all mortgage regulations and laws are strictly adhered to
  • Maintain MLO license, working with your manager to schedule continuing education while balancing the needs of the department
  • Effectively collaborate with internal and external partners to complete mortgage transactions efficiently
  • Attain next level of established productivity targets
  • Maintain customer satisfaction and ability to de-escalate customer concerns
  • Originate loans with high degree of quality and attain zero compliance defects
  • Work with various teams to identify and solve friction points in the process to improve speed of delivery with excellent application quality
  • Other duties as assigned

Unison provides a financial service that allows homeowners to access the value of their home equity without taking on debt. Instead of traditional loans, homeowners can enter into a home equity sharing agreement, where they receive cash in exchange for a portion of their home equity. This means Unison becomes a co-investor in the property, sharing in any future changes in its value. This approach helps homeowners avoid monthly payments and interest, making it easier for them to use the funds for various needs like paying off debt, funding retirement, or starting a business. Unison differentiates itself from competitors by aligning its financial interests with those of the homeowner, as both benefit from the property's appreciation. The company's goal is to make housing more financially accessible and provide homeowners with the flexibility they need to improve their financial situations.

Company Stage

N/A

Total Funding

$243.2M

Headquarters

San Francisco, California

Founded

2004

Growth & Insights
Headcount

6 month growth

-2%

1 year growth

-13%

2 year growth

-7%
Simplify Jobs

Simplify's Take

What believers are saying

  • Unison's innovative model provides homeowners with financial flexibility without the burden of monthly payments or interest.
  • The company's successful securitizations, including a recent $215 million transaction, demonstrate strong market acceptance and growth potential.
  • Recognition of CEO Thomas Sponholtz in Inman's '2023 Best of Proptech' highlights Unison's leadership and innovation in the proptech space.

What critics are saying

  • The relatively new concept of home equity sharing may face slower adoption due to lack of consumer awareness and understanding.
  • Market fluctuations in real estate values could impact the financial outcomes for both Unison and homeowners.

What makes Unison unique

  • Unison's home equity sharing model offers a debt-free alternative to traditional home loans, setting it apart from conventional financial services.
  • The company's alignment of interests with homeowners through shared appreciation or depreciation of property value creates a unique value proposition.
  • Unison's securitization of home equity sharing agreements, rated by DBRS Morningstar, enhances its credibility and attracts institutional investors.

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Benefits

Generous PTO

Parental leave

Volunteer days

100% employer paid health coverage

Additional sick days

$2k yearly learning stipend

Monthly 1/2 day off for development