Opendoor

Head of Mortgage Operations

Miami, FL

Sponsorship not specifiedDetected 17 days ago

RESTLead GenerationCadenceLeadershipUnderwriting

About the role

Mortgage is one of the most consequential markets in the world, and it's also one of the most broken: opaque pricing, slow timelines, frustrated borrowers, and a tech stack stuck in the 2000s.
We're looking for an experienced mortgage executive to run and grow the business as Head of Mortgage.
You'll report to Lucas Matheson, President of Opendoor.

Own the full P&L for Opendoor Home Loans - loan volume, gain-on-sale margin, unit economics, OpEx, and contribution to Opendoor's consolidated financials.
Drive volume growth while continuously improving the economics of every loan funded.
Lead and scale end-to-end origination.
Build and lead the team that owns the full mortgage origination lifecycle - lead generation, application, processing, underwriting, closing, and post-closing delivery - refining processes that drive efficiency and an exceptional borrower experience across multiple states.
Own the regulatory posture.
Ensure the business is operated, and loans are originated, in full compliance with all applicable federal and state mortgage laws - including RESPA, TILA/TRID, ECOA, HMDA, the SAFE Act, BSA/AML, and applicable state licensing laws - and build robust compliance frameworks that scale with the business.
Manage agency and investor relationships.
Own GSE (Fannie Mae and Freddie Mac) seller/servicer relationships and approvals, uphold FHA and VA requirements, and optimize secondary market execution strategies.
Manage Ginnie Mae issuer status as we expand into government lending.
Manage the Head of Sales & Origination, the Head of Operations, Compliance, Capital Markets, and supporting functions.

5+ years of progressive residential mortgage industry experience, with time in a senior leadership role or in a general management capacity at a non-bank or independent mortgage company.
Strong working knowledge of federal and state mortgage regulations - RESPA, TILA/TRID, ECOA, HMDA, BSA/AML, the SAFE Act, and applicable state licensing laws.
Experience serving as, or directly overseeing, an AML/BSA Compliance Officer.
Familiarity with GSE (Fannie Mae / Freddie Mac) seller/servicer requirements, FHA Handbook requirements, VA lender requirements, and secondary market execution strategy.
Strong P&L management experience with a demonstrated ability to drive loan volume and improve unit economics - not just one or the other.
ability and willingness to obtain MLO licenses in required states.
Bachelor's degree required.
You know your numbers cold - volume, margin, cost-to-originate, pull-through, EPD, repurchase rate - and you can explain what's moving them and why.
You're already using AI to do your job better, and you have strong opinions about where AI should and shouldn't sit in the origination workflow.
Familiarity with the home-buying or home-selling transaction from the consumer or agent side.

About Opendoor At Opendoor our mission is to tilt the world in favor of homeowners and those who aim to become one.

employment opportunities regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status

This listing is sourced directly from Opendoor's careers page and normalized into a canonical job model.