Underwriter

About Zippy:

• Zippy provides fast, simple home loans & insurance to manufactured home buyers located in communities throughout Texas
• We’re digitally native and located at zippymh.com!
• We’ve built our culture on a fanatical focus on improving consumers financial outcomes through great technology
• We are a well-funded startup backed by institutional investors with competitive pay, incentive stock options, and excellent benefits
• We are a location flexible, remote-first organization with headquarters in Austin, TX
• Our team members also live throughout the country in Dallas, Houston, Knoxville, Omaha, Philadelphia, Phoenix, Texas and several other states and cities!

Job Description:

We are seeking a skilled and detail-oriented loan Underwriter to join our lending team focused on manufactured housing. As an Underwriter, you will play a critical role in evaluating loan applications and assessing the creditworthiness of borrowers seeking financing for manufactured homes. Your expertise in analyzing financial documents, assessing risk, and ensuring compliance with lending regulations will be essential in making informed lending decisions. This position offers an excellent opportunity to contribute to our organization's growth and help individuals achieve their homeownership dreams.

Desired Mentality:

• Passionate about creating better consumer outcomes and solving the affordable housing crisis

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 debt-to-income ratios and other key financial indicators to determine loan feasibility.
• Ensure compliance with lending regulations, internal policies, and underwriting guidelines.
• Collaborate with loan officers, 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, processors, and other stakeholders.
• Stay updated on industry best practices, regulatory changes, and market trends related to manufactured housing financing.

Qualifications:

• 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.
• 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 interact with loan officers, processors, and other stakeholders.
• Ability to work independently and prioritize workload to meet deadlines.
• High ethical standards and commitment to maintaining confidentiality and data privacy.

Note: This job description is a general outline of the key responsibilities and qualifications expected of a Underwriter. It is not exhaustive and may be subject to change based on the needs of the organization.

Compensation & Benefits:

• Hourly, W-2 employee
• Incentive stock options (Equity) in Zippy
• Incentive Bonus awarded quarterly based on prior quarters performance targets
• Excellent health, vision, and dental benefits via Cigna
• Wide range of Wellbeing Programs and Offerings via Sequoia and Cigna
• PTO of 160 hours accrued throughout the year starting on first day of employment
• 40 hours of Sick Leave available on first day of employment
• All Federal Holidays paid and observed, with the option to work for extra earnings!

Join Our Team!

Join our team and play a pivotal role in supporting and developing a team that makes responsible home ownership possible!