Mortgage Underwriter

Tomo

New York (NY)

Remote

USD 85,000 - 100,000

Full time

14 days+

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Job summary

A leading digital mortgage company is looking for a Mortgage Loan Underwriter to evaluate borrower financials and property valuations in a remote setting. You will collaborate with teams to ensure high-quality loans and must have over 7 years of experience with Fannie Mae and Freddie Mac. This role is crucial in building a memorable home buying experience and offers a competitive salary between $85,000 USD – $100,000 USD.

Qualifications

7+ years of experience underwriting Fannie Mae and/or Freddie Mac.
Knowledge of underwriting software.
Strong analytical skills.

Responsibilities

Underwrite and make decisions on residential mortgage loans.
Verify and analyze financial information and documentation.
Review appraisal reports and resolve discrepancies.

Skills

Underwriting Fannie Mae and Freddie Mac

Desktop Underwriter (DU)

Loan Prospector/Loan Product Advisor (LP/LPA)

Loan calculations (DTI, LTV)

Communication skills

Team collaboration

Job description

Who we are

Tomo is a digital mortgage company on a mission to eliminate the greed and complexity in lending, helping homebuyers save thousands of dollars. Our AI‑driven customer experience makes the lending process faster, less frustrating, and more affordable. By passing these savings directly to homebuyers, we eliminate excessive fees and inflated rates that cost Americans billions each year. Backed by top‑tier venture investors, including Ribbit, DST, NFX and Progressive, Tomo is poised to become one of the most valuable fintech startups of our generation.

Location: Remote, US

Reports to: Head of Underwriting

Employment type: Full‑Time, Remote

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 New York City, we are quickly expanding in order to deliver a once‑in‑a‑lifetime experience through a combination of technology and excellent service.

What You’ll Do:

Underwrite and make decisions on 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 to affirm borrower qualifies for loan
Calculate qualifying ratios, determine creditworthiness; provide risk opinions
Maintain a proactive review of pipeline

What Makes You a Great Fit

7+ 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

Preferred Qualifications