This listing doesn't post a salary. Most similar roles pay
$155,000–$231,237.
Based on 240 similar postings.
Employer
About Opendoor
Opendoor is a digital real estate marketplace that buys and sells homes directly to consumers, simplifying the home selling and buying experience through instant offers and transparent pricing. Industry: Real Estate Technology & iBuying
Opendoor currently has
31 open roles
on FindRole.
Listed pay typically runs
$156,800–$335,000
across 6 roles with salary data.
Head of Mortgage Operations will serve as the senior-most operator for Opendoor Home Loans, leading a small team to build the mortgage business from the ground up. This role involves owning the full P&L, managing the end-to-end origination lifecycle—including lead generation, processing, underwriting, and closing—and establishing the operating cadence for growth across fifty states. The candidate will manage regulatory posture, serve as or oversee the AML/BSA Compliance Officer, and maintain relationships with GSEs, investors, and third-party partners like title companies and warehouse lenders. Key responsibilities include overseeing loan quality control programs and integrating mortgage offerings into the broader platform. Required expertise includes deep knowledge of RESPA, TILA/TRID, ECOA, HMDA, and the SAFE Act, alongside experience in secondary market execution, P&L management, and navigating complex federal and state mortgage regulations.
Manage the full P&L for Opendoor Home Loans, including loan volume, gain-on-sale margins, and unit economics.
Build and lead the end-to-end mortgage origination lifecycle from lead generation through post-closing delivery.
Ensure full compliance with federal and state mortgage laws while serving as or overseeing the AML/BSA Compliance Officer.
Manage relationships with GSEs, investors, and third-party partners like appraisal management companies and title providers.
Establish and maintain loan quality control programs to mitigate repurchase risk and ensure audit readiness.
Lead and develop a multi-functional team including heads of sales, operations, compliance, and capital markets.
Integrate the mortgage offering into the broader Opendoor platform through cross-functional collaboration with legal, finance, and marketing teams.
Report business performance, risk posture, and growth strategies to executive leadership and the board.
What we're looking for
Bachelor's degree is required.
Must have 5+ years of progressive residential mortgage industry experience in a senior leadership or general management capacity at a non-bank or independent mortgage company.
Proven track record of building, scaling, and managing end-to-end mortgage origination operations across multiple states.
Deep knowledge of federal and state mortgage regulations including RESPA, TILA/TRID, ECOA, HMDA, the SAFE Act, and BSA/AML.
Experience serving as or directly overseeing an AML/BSA Compliance Officer.
Familiarity with GSE seller/servicer requirements, FHA Handbook requirements, VA lender requirements, and secondary market execution strategies.
Strong P&L management experience with a demonstrated ability to drive loan volume and improve unit economics.
Must maintain an active NMLS registration in good standing and have the ability to obtain MLO licenses in required states.
P&L Management
Mortgage Origination
Compliance
AML/BSA
Fannie Mae
Freddie Mac
FHA
VA
Ginnie Mae
Secondary Market Execution
NMLS
AI
Proptech
Risk Management