Head of Mortgage

About the Role

Opendoor Home Loans (ODHL) is rebuilding the mortgage experience with a technology-forward origination platform. The Head of Mortgage will own the full P&L, the production engine, regulatory posture, and operational excellence, serving as the senior operator inside ODHL and accountable to Opendoor’s leadership, regulators, and investor partners. This is a build role: the licensing entity exists but the playbook does not, and you’ll design the operating cadence, loan products, QC program, secondary execution, and the path to scale across all 50 states.

What You'll Do

• Run the business: 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 improving loan economics.

• Lead end-to-end origination: build and lead the team that owns the full mortgage origination lifecycle — lead generation, application, processing, underwriting, closing, post-closing delivery — across multiple states.

• Own regulatory posture: ensure compliance with RESPA, TILA/TRID, ECOA, HMDA, SAFE Act, BSA/AML, and licensing; build scalable compliance frameworks; oversee AML/BSA obligations.

• Manage agency/investor relationships: GSEs (Fannie Mae, Freddie Mac), FHA/VA requirements, optimize secondary market execution, and grow Ginnie Mae issuer status as we expand government lending.

• Lead the team: manage Head of Sales & Origination, Head of Operations, Compliance, Capital Markets, and supporting functions; hire, ramp, develop; set weekly/monthly/quarterly rhythms.

• Partner cross-functionally: integrate ODHL into Opendoor’s platform; collaborate with Legal, Finance, Marketing, and Buyer leadership.

• Manage third-party relationships: appraisal management companies, title/settlement partners, warehouse lenders, investors, mortgage insurers, and technology vendors.

• Report to executive leadership: translate operational data into strategic recommendations for leadership and the board.

• Own loan quality: establish QC and risk management programs, pre-funding and post-closing QC, audit readiness, repurchase risk mitigation, and monitoring of early-payment default.

• What We're Looking For

• 5+ years of progressive residential mortgage industry experience with time 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 the full origination lifecycle and strong regulatory knowledge (RESPA, TILA/TRID, ECOA, HMDA, BSA/AML, SAFE Act, licensing).

• Experience as or overseeing AML/BSA Compliance Officer.

• Familiarity with GSE requirements, FHA Handbook, VA lender requirements, and secondary market strategy.

• Strong P&L management and ability to drive volume and improve unit economics.

• Active NMLS registration in good standing; willingness to obtain required state MLO licenses.

• Ability to collaborate in startup/high-growth environments with product and engineering teams on technology decisions.

• Clean character and fitness across jurisdictions; able to be named as a control person on state licenses.

• Bachelor's degree required.

• A builder who is comfortable with ambiguity, operationally rigorous, and regulator-minded.

• Compensation & Benefits

• Salary: Not disclosed; salaried, full-time role.