Loan Underwriter

Backflip; United States; Remote; USD 70,000 - 75,000; Full time

Job summary

Join a fast-growing FinTech company revolutionizing real estate investing! As an Underwriter, you will play a pivotal role in shaping a best-in-class underwriting operation. This remote position offers a unique chance to work closely with senior leaders in a dynamic startup environment. Your expertise in mortgage underwriting, attention to detail, and collaborative spirit will help drive the company’s mission to empower local entrepreneurs. Enjoy a competitive salary, equity options, and a culture that values innovation and partnership. If you're passionate about making a difference, this opportunity is for you!

Benefits

Equity Stock Options

Paid Health Care

401K + Company Match

Flexible Work Environment

Qualifications

• 3+ years of mortgage underwriting experience, especially with short-term loans.
• Strong knowledge of title commitments and asset verification.

Responsibilities

• Underwrite short-term real estate investment loans by analyzing data.
• Collaborate with the loan pod to enhance member experience.

Skills

Mortgage Underwriting

Real Estate Investing

Communication Skills

Attention to Detail

Time Management

Education

Bachelor's Degree

Tools

Slack

Notion

Google Workspace

HubSpot

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 To do that, we need people who are inspired to reimagine and rebuild an outdated and unbalanced system; to support and celebrate America’s local entrepreneurs.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 to experience first hand how we're making a difference through our technology.

Backflip is seeking an 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).

What You’ll Do:

• Underwrite short-term real estate investment loans by analyzing property-level data, borrower profiles, and investment strategies.

• Collaborate closely with your loan pod to deliver an exceptional member experience while continuously improving our operations.

• Serve as a subject matter expert in Backflip’s credit policy and underwriting guidelines, ensuring consistent and informed decision-making.

• Review and approve title-related documents such as Title Commitments, Tax Certificates, and HOA documentation — determine required endorsements and identify unacceptable exceptions based on Backflip’s Credit Policy.

• Evaluate entity documentation (Operating Agreements, Articles of Incorporation, EINs, etc.) to verify good standing, confirm signing authority, and ensure proper structure for real estate transactions.

• Review borrower financials, including asset verification, credit reports, and background checks, to assess risk and compliance.

• Approve insurance documentation (e.g., dwelling coverage, flood insurance, builder’s risk) to ensure adequate protection and compliance with lending requirements.

• Reviewing and signing off on executed closing documents for accuracy and completeness.

• Perform loan file reviews across multiple stages — including initial, final, and quality control reviews — while consistently meeting or exceeding service level expectations (SLAs).
  

Qualifications:

• 3+ years of mortgage underwriting experience, including short-term bridge loans or construction loans for LLC/corporate borrowers.

• Knowledge of title commitments, asset verification, credit and insurance documentation, and LLC/entity structures for business purpose residential loans.

• Have a passion for working in a small, collaborative team environment where communication and partnership are foundational to success.

• Strong verbal and written communication with urgency and adaptability to various audiences.

• Experience in residential real estate investing, fix-and-flip lending, property technology (PropTech), or financial technology (FinTech) is a plus.

• Excellent multi-tasking, time management, prioritization, attention to detail, and computer skills (we use Slack, Notion, Google Workspace, Front, HubSpot, and more).

• 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.

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!

Compensation for this role includes a base salary ranging from $70,000 - $75,000 plus a monthly productivity bonus, and is based on a variety of factors including prior experience, geographic location, stock option grant, and other factors, and may fall outside of the stated range for certain candidates. In addition to a competitive market salary, Backflip employees receive equity stock options, paid health care, and a 401K + company match, among other industry-leading benefits.

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 the 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.