At RenoFi were revolutionizing the way homeowners approach renovations. With an innovative platform we connect homeowners with financing solutions that make their renovation dreams a reality. As a Mortgage Loan Officer with RenoFi youll be at the forefront of this change helping clients navigate their mortgage options without needing to selfsource.
In this role you will work with leads provided by RenoFi guiding homeowners in California through the mortgage process. Your role will focus on using your mortgage expertise to offer the best possible solutions to our clients without the need for renovation lending experience or selfsourced leads.
RenoFi is committed to building a diverse and inclusive team. We believe various backgrounds and experiences contribute to our mission of transforming the renovation lending industry. If your experience doesnt perfectly match the requirements we encourage you to apply anyway and tell us why youd be a great fit for this role!
ABOUT US:
The demand for home renovations has never been stronger yet its surprisingly difficult for a new homeowner to renovate. It can take a decade to build up enough home equity and savings to pay for a major renovation. As a result recent homeowners do a lot of financiallysuboptimal things to compensate like borrow from their 401k rack up credit card debt and use highinterest personal loans. Or they just live unhappily for years in a home that doesnt meet their familys needs.
But by completing a major renovation homeowners are increasing the value of their home. Professional real estate investors leverage this After Renovation Value (ARV) to roll the increase in value into new properties all the time. But there hasnt been a great way for homeowners to take advantage of this. If homeowners had an ability to borrow against the ARV they could increase their borrowing power up to 10x.
To meet this need RenoFi created a platform that enables homeowners to borrow funds from RenoFi approved lenders in the form of the first home equity loan purposebuilt for renovations! Unlike standard home equity loans RenoFi Loans use the value of your home postrenovation which lets you borrow the most money at the best possible terms. RenoFi is creating a full suite of renovation loan products to better suit the needs of todays homeowners!
For homeowners RenoFi makes it possible to renovate years earlier than might be otherwise feasible. For contractors we empower the financing of renovations at the point of sale reducing instances of scope reduction and ensuring prompt payment. Our lender partners most often credit unions rely on RenoFis platform to generate loans create efficiencies and grow membership. The lenders pay RenoFi for the new loans which allows us to offer our services to homeowners for free. RenoFi is truly a winwinwin for everyone involved.
RenoFi is backed by some of the best startup investors in the world including First Round Capital NYCA Ventures CMFG Ventures and Canaan Partners.
WE ARE A GLOBALLY DISTRIBUTED TEAM
RenoFi has been built from the start as a fully distributed team with an intentional focus on growing a strong team and culture that spans timezones and nationalities. Heres one fun example!
Please highlight any prior experience working remotely when applying. US or GMTadjacent timezones will be prioritized.
RenoFi offers competitive cash and equity compensation. Some benefit offerings will vary from country to country. In the United States we offer competitive health and retirement plans. All staff across the globe enjoy a flexible vacation policy.
READ MORE ABOUT RENOFI
The first blog post we wrote announcing RenoFi to the world and outlining why we started the company: coverage in the Philadelphia Inquirer highlighting RenoFi as a new way to finance renovations
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