Loan Processor

Backflip is a proptech + fintech company that empowers real estate entrepreneurs to improve local communities by rejuvenating housing.

Location: Remote
Company size: 1–20
Posted: 1y ago
Via: Lever

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Loan Processor · Backflip

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Job title: Loan Processor
Job location: Charlotte, North Carolina
Job listing URL: https://jobs.lever.co/backflip/98413ece-06ab-4941-bd42-558a6aeb02ea
Job description: Join a fast growing start up changing the real estate investing industry!

Backflip is a venture-backed FinTech company that empowers anyone to improve their life and their neighborhood through real estate investing. To do that, we need people who are inspired to reimagine and rebuild an outdated and unbalanced system; to support and celebrate America’s local entrepreneurs. Check out the Backflip app here to experience first hand how we're making a difference through our technology.

Backflip is seeking a Loan Processor to execute the lending process from term sheet through final review completion. Backflip originates real estate investment loans (not consumer loans). As an early addition to this team, this individual will play a critical role in ensuring Backflip has a best-in-class processing operation that is borrower-friendly, detail oriented, operationally efficient, organized and designed to scale.

This position is remote (U.S.) and a rare opportunity to get in on the ground floor (~100 person team) working directly with senior leaders in a well-capitalized startup with a great culture (Check out our recently announced $15M Series A).
What You’ll Do:
Process mortgage loan originations for residential investment properties in compliance with Backflip’s Credit Policy
Manage third parties to collect and verify documents + complete pre-closing requirements (title companies, appraisers, etc.)
Ensure an exceptional Member Experience by providing proactive communication on the status of their loan and timely responses to questions during loan processing
Communicate effectively across the teams involved in the funnel (sales, underwriting, closing, post-closing)
Review and analyze documents against Backflip’s Credit Policy; flag and mitigate discrepancies
Help Backflip’s Capital Markets team clear conditions and sell loans to third party investors
Contribute to the further implementations of standard operating procedures designed to scale operations in harmony with other departments
Enliven the company culture to ensure we deliver on our mission to the members and our peers
Other duties as assigned, including cross-departmental projects and initiatives
Qualifications:
3+ years of experience in mortgage loan processing, including coordinating with 3rd parties (title companies, appraisers, etc.)
Experience with fix-and-flip, DSCR, rental, or similar non-QM loans a plus
Demonstrated track record of success in a customer facing role and the ability to offer an elevated customer experience
Proven success collaborating cross-functionally, building relationships, and working seamlessly in a remote work environment, ideally a startup
Prior closing experience is a plus
Interest in real estate investing and excited about understanding our member’s investment journey
General understanding of basic real estate investment concepts (or demonstrated desire to learn); comfortable performing basic math calculations
Exemplary computer skills - demonstrated ability and desire to learn new technologies (we use Slack + Notion + Google Workspace + Front + HubSpot + more)
Basic spreadsheet skills (Excel; Google Sheets)
This candidate will champion Backflip’s culture & Core Values:
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!