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Zippy · 2 months ago

Underwriter

United States

Full-time

Remote

Mid Level

$29/hr - $29/hr

Zippy is a company focused on simplifying the loan process for manufactured homes, offering a fully online experience. They are seeking a skilled loan Underwriter to evaluate loan applications and assess borrower creditworthiness, ensuring compliance with lending regulations while contributing to the organization's growth.

FinanceFinancial ServicesFinTechLending

No H1B

Responsibilities

Review loan applications and supporting documentation for manufactured housing loans, including income verification, credit reports, and property valuations

Assess the creditworthiness of borrowers by analyzing financial statements, tax returns, employment history, and other relevant information

Evaluate loan-to-value ratios, debt-to-income ratios, and other key financial indicators to determine loan feasibility

Analyze manufactured housing market trends and property valuations to determine appropriate loan amounts and loan terms

Ensure compliance with lending regulations, internal policies, and underwriting guidelines

Collaborate with loan officers, Fulfillment support staff, processors, and other team members to gather necessary information and address any application deficiencies or documentation gaps

Conduct thorough risk assessments to identify potential red flags or fraudulent activities

Prepare loan underwriting summaries, including recommended loan structures, risk mitigation strategies, and rationales for decision-making

Communicate lending decisions and provide clear explanations to loan officers, Fulfillment support staff, processors, and other stakeholders

Stay updated on industry best practices, regulatory changes, and market trends related to manufactured housing financing

Qualification

Loan underwriting experienceManufactured housing expertiseUnderwriting guidelines knowledgeFinancial document analysisLoan origination softwareAnalytical skillsAdaptability to technologyAttention to detailEffective communicationProblem-solving skills

Required

Previous experience as a loan underwriter or in a similar role, preferably with expertise in manufactured housing loans

Strong knowledge of underwriting guidelines, lending regulations, and compliance requirements specific to manufactured housing loans

Proficient in analyzing financial statements, credit reports, tax returns, and other relevant financial documents

Familiarity with loan origination software, mortgage underwriting systems, and document management platforms

Adaptable to multiple/new technology systems and process change

Learner mindset with ability to receive and implement feedback

Excellent attention to detail and ability to review and interpret complex loan documents accurately

Strong analytical and problem-solving skills to assess creditworthiness and evaluate risk

Effective communication skills to convey lending decisions and collaborate with loan officers, processors, and other stakeholders

Ability to work independently in a fast-paced environment and prioritize workload to meet deadlines

High ethical standards and commitment to maintaining confidentiality and data privacy

Benefits

Competitive Compensation: We offer a competitive salary with the potential for annual bonuses and variable pay, depending on your skills and experience.

Equity for All: As a part of our commitment to shared success, all employees receive equity in the company, allowing you to share in the growth and achievements of Zippy.

Remote Work: Enjoy the flexibility of working from home in a dynamic, remote-first environment.

Comprehensive Health Coverage: We provide medical, dental, and vision insurance, along with company-subsidized benefits like STD, LTD, and life insurance for you and your family.

Flexible Spending Accounts: Take advantage of medical & dependent care FSAs to help manage your expenses.

Training & Licensing Support: We invest in your professional growth with resources for training and licensing.

Paid Time Off: We offer generous PTO—and we encourage you to use it!

Wellbeing Programs: Access a variety of wellbeing resources, including Headspace, Gympass+, Fetch, Spring Health, SoFi, Perkspot, Ladder, and more through our Sequoia Wellbeing Programs.

Parental Leave: We provide paid parental leave to support you and your growing family.

No Meeting Wednesdays: Enjoy a mid-week break from meetings to focus and recharge.

Vibrant Slack Community: Engage with colleagues in our lively remote Slack community, featuring fun channels that connect people around shared interests like travel, pets, sports, food, and more.

Career Growth: We believe in promoting from within, offering you opportunities to grow your career with us.