GreenPoint Mortgage: Latest Job Openings, Reviews and Ratings & Profile wise Salary Distribution

GreenPoint Mortgage Careers & Info

Former CEO: Steven M. Abreu

Status: Closed as of 08/20/2008

GreenPoint Mortgage Funding, Inc. was a leading residential mortgage lender in the United States specializing in correspondent lending, which accounted for approximately 95 percent of its mortgage production. The company provided a variety of loan options to small businesses and consumers; it was best known for its alternative A-quality, or Alt-A, loans. Established in 1992, the company was the country’s eighth-largest Alt-A mortgage company at the time of its closing. Headquartered in Novato, California, GreenPoint was a subsidiary of the Fortune 500 bank holding company, Capital One Financial Corporation. They were licensed to conduct mortgage business in 49 states, operated 45 offices and employed 2,700 people. The company earned annual revenues of over $210 million in 2005 and had grown to over $820 million in revenues by 2007.

GreenPoint focused on Alt-A lending, an alternative for consumers with good credit history that didn't meet prime mortgage standards, such as income documentation. Freddie Mac purchased a number of GreenPoint mortgages and offered protection under government guarantees. GreenPoint also offered additional mortgage options:

• Adjustable rate mortgage loans
• Ten through 40 year fixed rate loans
• Jumbo loans
• Balloon loans
• Interest-only loans
• Second mortgage loans
• Home equity lines of credit

Those interested in GreenPoint careers simply needed to apply at the closest GreenPoint regional branch and express their interest in one of a variety of job positions available. An executive assigned to the preferred territory would contact the applicant to schedule an interview and provide information explaining GreenPoint's broker approval process. Following a successful application review, the company broker maintenance department would grant temporary employment during 90-day probationary period. The temporary approval would be finalized after successful evaluation of the loans submitted during the probationary period. Working at GreenPoint Mortgage could be very rewarding given the competitive pay, benefits, and training opportunities. The GreenPoint culture was one of teamwork and close interaction. Employees with finance knowledge and experience had the opportunity to excel in many different departments within the company.

GreenPoint offered many different resources on the company website to provide brokers with productivity tools. In addition to all required forms, the website provided access to mortgage calculators, historical information, company newsletters and marketing material. Brokers had the ability to use an internet-based software system to conveniently process and fund loans. This portability and convenience was one of many GreenPoint Mortgage benefits.

What jobs pay the most at GreenPoint Mortgage?

Senior Vice President is the highest paying job at GreenPoint Mortgage at $284,000 annually.