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 lead and grow the mortgage business at Opendoor Home Loans, serving as the senior-most operator responsible for the full P&L, production engine, regulatory posture, and operational excellence. This builder role involves creating the operating cadence, loan products, quality control programs, and secondary execution strategies to scale across fifty states. The successful candidate will manage the end-to-end mortgage origination lifecycle, including lead generation, processing, underwriting, and closing, while overseeing compliance with federal and state laws such as RESPA, TILA/TRID, ECOA, HMDA, and the SAFE Act. Key responsibilities include managing GSE and investor relationships, overseeing AML/BSA compliance, and coordinating with internal teams on capital planning and technology integration. The role requires expertise in mortgage economics, NMLS registration, and a deep understanding of secondary market execution to solve complex problems within the mortgage industry.
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.
Develop the operational playbook and infrastructure to scale mortgage products across all 50 states.
Lead and develop a multi-functional team including heads of sales, operations, compliance, and capital markets.
Report performance metrics, risk posture, and strategic growth plans to Opendoor’s executive leadership team.
What we're looking for
Bachelor's degree required.
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.
Active NMLS registration in good standing and the ability to obtain MLO licenses in required states.