Warehouse Allocation Analyst

Zillow

Warehouse Allocation Analyst for Zillow Home Loans ensuring efficient warehouse funding and allocation activities with regulatory compliance and operational risk reduction.

Posted 5/3/2026full-timeRemote • California, Connecticut, District of Columbia, Maryland, Massachusetts, New Jersey, New York, Washington • 🇺🇸 United StatesJuniorMid-Level💰 $40 - $65 per hourWebsite

About the role

Key responsibilities & impact

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.

Requirements

What you’ll need

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 collaborative, flexible approach to working across teams and evolving business needs.

Benefits

Comp & perks

Competitive base salary
Equity awards based on experience, performance, and location

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

warehouse allocationfunding executioncollateral reportingdata reconciliationreportingExcelGoogle Workspaceloan origination systemswarehouse funding flowsanalytical skills

Soft Skills

problem-solvingdecision-makingorganizational skillsdetail-orientedcommunication skillscollaborative approachflexibilitytime management