Full-Time

Processor

Posted on 7/29/2024

Unison

Unison

51-200 employees

Home equity sharing for debt-free financing

No salary listed

Junior, Mid

Omaha, NE, USA

Hybrid position requiring 3 full days in the Omaha office.

Category
Commercial Banking
Finance & Banking
Required Skills
Salesforce
Requirements
  • 2+ years of work experience in a fast paced start-up environment
  • 1+ years in the mortgage space, preferably as a processor or closer
  • Experience with SalesForce and Microsoft Office or similar software
  • Impeccable organization skills and multi-tasking abilities
  • Knowledge of mortgage regulations a plus
Responsibilities
  • Build relationships with your team and cross-functional partners
  • Learn and stay up to date on mortgage compliance and regulation requirements
  • Navigate our proprietary Equity Origination System
  • Own and navigate your pipeline of deals from application to funding
  • Independently review and process all applications
  • Master the end-to-end process of an Investment Processor while staying within committed service level agreements
  • Collect required documentation from multiple sources - clients, vendors, and other third parties
  • Order, track, and review vendor reports such as Title Reports, Appraisals, and Home Inspections to ensure reports are received in a timely manner and are within Unison’s guideline requirements
  • Clear conditions as required from the Investment Underwriting team
  • Generate and review final closing documents to ensure accuracy and completeness
  • Maintain compliance with Unison product requirements and fees
  • Coordinate with escrow companies to fund deals in a timely manner
  • Meet monthly goals for deals funded, turnaround times, and pull-through rates
  • 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 access funds for various needs like paying off debt, funding retirement, or starting a business. Unison charges a 3% transaction fee on the co-investment and benefits from the appreciation of the home when it is sold. The company aims to make housing more financially accessible and provide homeowners with the flexibility to manage their finances effectively.

Company Size

51-200

Company Stage

Debt Financing

Total Funding

$693M

Headquarters

San Francisco, California

Founded

2004

Simplify Jobs

Simplify's Take

What believers are saying

  • Growing interest in home equity sharing models in high-cost markets like California.
  • Increased adoption of proptech solutions facilitates seamless home equity sharing.
  • Securitization of agreements attracts institutional investors seeking stable returns.

What critics are saying

  • Rising interest rates may make equity sharing less attractive than fixed-rate loans.
  • Increased competition from fintech startups could erode Unison's market share.
  • Potential regulatory changes could impact Unison's equity sharing business model.

What makes Unison unique

  • Unison offers a debt-free alternative to traditional home loans through equity sharing.
  • The company aligns its interests with homeowners by sharing in property appreciation.
  • Unison's model provides financial flexibility without monthly payments or interest.

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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

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

-1%

2 year growth

0%
PR Newswire
Mar 7th, 2025
Unison Mortgage Corporation Launches Innovative Equity Sharing Home Loan In New Jersey To Convert Home Equity Into Cash

New Second Mortgage Loan Product Offers Low Monthly Payments to Fund Goals, Such As Home RenovationsSAN FRANCISCO, March 7, 2025 /PRNewswire/ -- Unison Mortgage Corporation, a Unison company, today announced the launch of its Equity Sharing Home Loan in New Jersey, which provides homeowners with cash today while offering half the monthly payment compared to alternate home financing options.*The innovative Unison Equity Sharing Home Loan combines the benefits of home loans and home equity sharing agreements into a unique mortgage solution that allows homeowners to convert part of their home equity into cash with low monthly payments.Homeowners lucky enough to have a low-interest first mortgage can maintain their favorable rates, and are usually reluctant to move, opting instead to renovate or expand. Unison's Equity Sharing Home Loan is an exciting new option that homeowners can utilize to get cash with a minimal impact on their monthly cash flow."The U.S. home equity market is $35 trillion ; homeowners come to Unison in the hope of leveraging their equity to obtain cash to renovate their homes, or consolidate high-interest debt. We designed the Unison Equity Sharing Home Loan to offer a solution that suits their needs," said Ryan Downs, President of Unison."With lower monthly payments, made possible by shared home appreciation, homeowners can confidently pursue their financial goals with peace of mind."With Unison's Equity Sharing Home Loan, homeowners can:Invest in renovations and home improvement projectsConsolidate high-interest debtRefinance second mortgages for lower monthly paymentsIncrease their retirement savingsUnison vs. Other Loan OffersUnison designed an innovative new financing option that delivers lower monthly payments and is tailored to meet the demands of homeowners. Unison has taken a creative approach by combining low interest rates with a share of the property's future appreciation

PR Newswire
Dec 3rd, 2024
Unison Releases 2024 Annual Home Equity Report - Resilient Market And New Alternatives For Homeowners

Record 4.5% Year-Over-Year National Increase in Home Prices; 45 States See Equity Gains, With Connecticut and New Jersey Leading Growth. SAN FRANCISCO, Dec. 3, 2024 /PRNewswire/ -- Unison, the pioneer of equity sharing agreements, today announced the release of its 2024 Annual Home Equity Report, a comprehensive analysis of the U.S. housing market that highlights notable trends in home equity growth across states and metropolitan areas. The report is available for free download on Unison's website and offers distinct insights for homeowners, investors, media and financial analysts

PR Newswire
Jun 6th, 2024
Unison Announces Dbrs Rated Securitization Of $215 Million Of Unison Home Equity Sharing Agreements

The securitization is Unison's second under DBRS Morningstar's ratings criteria for the U.S. Home Equity Investments asset classSAN FRANCISCO, June 5, 2024 /PRNewswire/ -- Unison, the pioneer of equity sharing agreements, closed a securitization of $215 million of assets, supporting the U.S. Home Equity Investments (HEI) asset class and increasing access to institutional investors who want to participate in this emerging sector. This securitization is the second of Unison's to take place after DBRS Morningstar finalized their ratings criteria for the burgeoning asset class in 2023.DBRS Morningstar rated Unison's senior bond BBB, and the mezzanine bond BB, setting the precedent for this and future rated securitizations to take place.Unison's equity sharing agreements help homeowners who otherwise struggle to harvest their trapped equity, as the longtime available solutions require them to take on enormous additional debt. This transaction further enables Unison to empower homeowners to renovate their homes, save for retirement, and consolidate their debt, rather than drastically exacerbating it. Unison is proud to provide this innovative alternative both for homeowners in need and investors pursuing efficient and scalable investment opportunities into one of the largest asset classes in the world: owner-occupied residential real estate.The transaction closed June 5, 2024 and included Nomura as structuring agent and bookrunner

Newswire
Nov 29th, 2023
Unison Announces First Dbrs Rated Securitization Of $202 Million Of Unison Home Equity Agreements

The securitization is Unison’s first under DBRS Morningstar’s recently finalized ratings criteria for the U.S. Home Equity Investments asset class . .

Newswire
Nov 14th, 2023
Unison Ceo Thomas Sponholtz Announced As One Of Inman’S '2023 Best Of Proptech'

Unison CEO Thomas Sponholtz Announced as One of Inman’s '2023 Best of Proptech' . Press Release. •

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