Loan Underwriter

Join a fast growing start up changing the real estate investing industry!

Backflip is a venture-backed real estate FinTech company that supports entrepreneurs to acquire and renovate single family homes, thereby reinvigorating the housing supply and their local communities. The company offers purpose-built technology via their app and capital products to source and finance residential real estate investments. Backflip is an all-in-one platform providing entrepreneurs with the technology, data, and financing strategies that allow them to scale their business.

Backflip is seeking a Loan Underwriter for our business-purpose Underwriting Team. Backflip originates real estate investment loans (not consumer loans). As an early hire, this individual will play a critical role in ensuring Backflip has a best-in-class underwriting operation that is compliant, borrower-friendly, detail oriented, operationally efficient and designed to scale. They will also play a key role in ensuring Backflip’s Culture continues to be enlivened in the operation. 

This position is remote (U.S.) and a rare opportunity to get in on the ground floor (~60 person team) working directly with senior leaders in a well-capitalized startup with a great culture (Check out our recently announced $15M Series A).

• Underwrite short-term investment loans, analyzing real estate investment strategies
• Review and approve title documents (Title Commitment, Tax Certificate, HOA Documents, etc.) in accordance with Backflip’s Credit Policy; including advising which endorsements are needed and which exceptions will need to be removed
• Review and approve entity documents (Operating Agreements, Articles of Incorporation, EIN, etc.); including establishing signing authority and validating the entity is in good standing
• Review and approve assets, credit, and background checks
• Review and approve appraisals (both full 1004 and evaluations) along with rehab budgets to determine acceptability of the property and project
• Review and approve insurance documents (dwelling coverage, flood coverage, builder’s risk, etc.)
• Review and approve executed closing documents
• Complete loan file initial reviews, final reviews, and quality control reviews while meeting or exceeding established SLAs

• 3+ years of mortgage underwriting experience, including short-term bridge loans or construction loans for LLC/corporate borrowers
• Expert knowledge of title commitments, underwriting assets, credit/insurance documents, and LLC structures
• Experience analyzing rehab projects or construction loans
• Experience in appraisal and collateral underwriting a plus
• Prior closing document review or closing experience a plus
• Prior experience in a FinTech company or startup environment a plus
• Excellent multi-tasking, time management, prioritization, attentional to detail, and computer skills (we use Slack, Notion, Google Workspace, Front, HubSpot, and more)
• Strong verbal and written communication with urgency and adaptability to various audiences
• Self-motivated, coachable, collaborative, detail-oriented; takes ownership of work
• High integrity, dependable, accountable, humble, and respectful
• Comfortable in a small, relatively unstructured office environment (we are remote)
• Basic investment knowledge (or willingness to learn) with math proficiency

• Raise the standard of what is possible
• Embrace being the novice to become the master
• Work only with those who want the best for us
• Communicate quickly, naturally and with radical candor
• Test new things to invent and challenge the status quo
• Today, nay now!

All Backflip positions are Remote. Like the people we serve, we believe being free to create wherever you’re most inspired is one of life’s greatest joys. It’s better for individuals, for community, and for fostering great work to emerge. With our work-from-anywhere approach, Backflip brings together a diverse team of individuals, with passions for innovation, art, coding, AI, data, finance, film, real estate, the environment, learning and teaching. Together, we're moving fast.

Backflip is an equal opportunity employer. We know that building a world-class organization is not possible without an intentional focus on recruiting, empowering, promoting and rewarding the best and brightest people of all backgrounds. Backflip focuses on hiring individuals that align with its Core Values (listed above), and consistently display a high ethical standard, both personally and professionally.

This role is not eligible for visa sponsorship.