Underwriter

Zippy was founded with one mission: to make getting a loan for a manufactured home simple, fast, and fully online. We believe modern manufactured homes are affordable, well-built, eco-friendly, and stylish, but finding a lender who understands this market can be challenging. That's why Zippy focuses exclusively on manufactured home loans, offering a seamless, digital experience.

Headquartered in Dallas, TX, with an office in Tempe, AZ, Zippy provides home loans and insurance to manufactured home buyers throughout the United States. Our remote-first team is spread across cities like Dallas, Houston, Knoxville, Omaha, Philadelphia, Phoenix, and several other states and cities. Backed by institutional investors, we offer competitive pay, stock options, and excellent benefits. At Zippy, we pride ourselves on our commitment to finance happiness through the power of home. We are dedicated to enhancing consumers' financial outcomes and tackling the affordable housing crisis through cutting-edge technology and innovative solutions.

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.

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.

While many of our interviews are conducted virtually, all applicants should be prepared to potentially meet in person as part of the process.

As a participating employer, we will use E-Verify to confirm employment eligibility.

Please note that we are currently only hiring candidates who reside in the following states: Arizona, Connecticut, Florida, Georgia, Illinois, Indiana, Louisiana, Maryland, Michigan, Missouri, Montana, Nebraska, Nevada, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, and Wisconsin. Applicants that do not reside in the bolded states will be rejected.

At Zippy, we're passionate about creating a workplace where people love to work. We put a lot of heart into building and nurturing a company culture that not only supports our team but also inspires them to do their best work.

Our benefits and perks are always evolving, but here's what we offer right now:

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

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

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.

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.