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Product Manager

Roam
New York City, United Statesfull_timeVerifiedPosted 16 Jul 2024
💰 $400,000/yr

About the role

About Roam

Our mission at Roam is to make homeownership 2x more affordable for 1 million Americans by 2030. Why does this matter? The real estate market, the largest and arguably most important asset class, is facing its largest dislocation in economic history, with home affordability reaching its lowest level in decades. 

This challenge begs for bold solutions, not incremental ones. Our mission is to provide homebuyers with the most affordable option to finance the most significant purchase of their lives, their home. Our product vision is to build an Affirm like experience for every home in the country. On average, our buyers save $400k per transaction.

Roam’s initial focus is to help buyers wind back the clock on interest rates by purchasing a home with a low-rate assumable mortgage, a type of loan where the buyer can take over the mortgage terms from the seller. All government-backed loans, such as FHA and VA loans, are eligible for assumption by law, and there are millions of these loans at rates below 4%. With a low-rate assumable mortgage, buyers can save up to 50% on monthly payments compared to buying with a traditional mortgage at today’s rates.

Roam helps buyers find these homes for sale with the first-ever listing platform for homes with assumable mortgages. In addition, Roam manages all steps in the assumption process, acting as a specialized transaction coordinator to quarterback the entire process end-to-end on behalf of the buyer and seller to ensure they close on time.

About the role

As Roam's product manager, you will help us craft messaging across channels and create experiences for different customer types as we ramp up on partnerships with real estate  platforms and brokerages to bring millions of customers to our product.   You’ll lead the execution of our product vision and report directly to the CEO. 

We expect you to tell us what you should be working on shortly after you join, but here are a few immediate opportunities you’ll tackle:

  • Accelerate the future of homebuying - You’ll lead the execution of our vision to develop the most affordable way to purchase a home. This includes working with design, engineering, and operations counterparts to shift the psychology for how buyers browse, tour and purchase homes. 

  • Manage GTM channels  - We partner with several nationally renowned real estate companies, and you’ll lead the integrations with their platforms  to roll out our product alongside theirs. This includes leading our product messaging within these channels and working with partners from when we initially test a launch in one market and then take it to 10 more.

  • Scale the discovery tool - Prospective homebuyers around the country have taken to posting online to ask where they can find assumable mortgages, but to no avail. We’ve built the first search engine and discovery tool for assumable mortgages, which our buyers can use to find their dream home in any market. You’ll help us scale this discovery tool across the country.

  • Productizing our ops process - The assumption process is antiquated and opaque, involving paper forms shipped via snail mail. This lack of efficiency creates uncertainty about the sale timeline and a lack of transparency about the status of the assumption and next steps. We’re digitizing the assumption process to bring greater transparency and provide buyers and sellers with certainty about when they will close. You’ll lead the process of productizing operational steps into the software, building the first pizza tracker for mortgage assumptions.

We are a seed stage company and you’ll be joining us in a founding role at a highly impactful time that will shift the trajectory of the company. In turn, we will ensure you have a significant equity stake in the outcome. 

About you

We value bold, self-directed people who carry themselves with urgency. Our team has a bias for action, a need for speed, and a soft spot for those who sweat the details. To change the way we buy homes will require courage and conviction. If you have both, we hope you will join us. 

If you have the following skills, experience, and attributes, you’ll be successful at Roam.

  • Taste. You have a spidey sense for product messaging and an understand

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Company

Roam

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