Warehouse Allocation Analyst

About the team

Getting a mortgage is often one of the most complex parts of buying a home. Zillow Home Loans is working to create a simpler mortgage experience, and the Capital Markets team plays a key role by helping ensure reliable warehouse funding, strong execution, and effective pipeline risk management.

About the role

As a Warehouse Allocation Analyst, you will help power a more seamless mortgage experience by managing daily warehouse allocation and funding activities across multiple facilities. In this role, you will make decisions within established guidelines, resolve issues, and partner closely with Capital Markets Operations, Funding, Treasury, Collateral, and other stakeholders to help ensure loans are allocated, funded, and moved off warehouse lines accurately, efficiently, and with low operational risk. 

You Will Get To

• Execute daily warehouse allocation decisions across multiple facilities using established eligibility, concentration, advance rate, product, and investor guidelines. 

• Support daily warehouse funding execution, including funding file submissions, supplemental wires, and exception handling. 

• Run and maintain recurring warehouse, funding, and collateral reports to support accurate data alignment across Encompass, warehouse systems, and internal tools. 

• Investigate and reconcile funding, collateral, and reporting variances, resolving routine issues independently and escalating higher-risk exceptions as needed. 

• Manage daily collateral reporting and support return wire activities to help ensure timely loan movement and accurate warehouse paydowns. 

• Monitor warehouse line capacity, usage, and aging trends, and raise potential constraints or unusual activity to senior team members. 

• Partner with Capital Markets Operations, Funding, Treasury, Accounting, Collateral, and other stakeholders to communicate status, risks, and priorities. 

• Improve day-to-day processes and controls by updating documentation, refining reports and checklists, testing enhancements, and helping reduce operational risk and turnaround times.   

This role has been categorized as a Remote position. “Remote” employees do not have a permanent corporate office workplace and, instead, work from a physical location of their choice, which must be identified to the Company. U.S. employees may live in any of the 50 United States, with limited exceptions.

In California, Connecticut, Maryland, Massachusetts, New Jersey, New York, Washington state, and Washington DC the standard base pay range for this role is $40.30 - $64.50 hourly. This base pay range is specific to these locations and may not be applicable to other locations. In Colorado, Hawaii, Illinois, Minnesota, Nevada, Ohio, Rhode Island, and Vermont the standard base pay range for this role is $38.30 - $61.30 hourly. The base pay range is specific to these locations and may not be applicable to other locations.

In addition to a competitive base salary this position is also eligible for equity awards based on factors such as experience, performance and location. Actual amounts will vary depending on experience, performance and location. Employees in this role will not be paid below the salary threshold for exempt employees in the state where they reside.

Who you are

• 2+ years of mortgage or capital markets experience, including exposure to warehouse lending, funding, collateral, reconciliations, or allocation processes. 

• Bachelor’s degree in Finance, Accounting, Economics, or a related field, or equivalent practical experience. 

• Strong Excel and Google Workspace skills, with experience working with large data sets, reconciliations, reporting, lookups, and pivots. 

• Familiarity with loan origination systems such as Encompass and warehouse lender reporting tools, with the ability to navigate key loan data, statuses, and standard reports. 

• Working knowledge of warehouse funding flows, account structures, and the warehouse loan lifecycle, with the ability to connect daily allocation, funding, and collateral activities. 

• Strong analytical, problem-solving, and decision-making skills, with sound judgment on when to resolve issues independently and when to escalate. 

• Highly organized and detail-oriented, with the ability to manage multiple time-sensitive priorities in a fast-paced, deadline-driven environment. 

• Clear written and verbal communication skills and a colla