Landed is on a mission to help essential professionals, starting with educators, build financial security near the communities they serve. One of the ways we do this is by co-investing alongside educators when they are ready to buy a home. We call this shared equity down payment assistance. Here's how it works (landed.com/how-it-works). The company, founded in 2015 and based in San Francisco, has the backing of: Y Combinator, prominent angel and venture capital investors, top banking executives, former directors of federal housing authorities, affordable housing policy experts, union organizers, philanthropists, and Stanford economists.
We co-invest in 1% of all homes purchased in Silicon Valley. We're going to fundamentally change how people buy their first home.
While we are only at Series A stage, we have $200M of capital to invest alongside our educators. We've been growing 30% every month, and are about to expand geographically.
We're not a typical SF start-up. We're 60% women, 30% persons of color. Half of our team are former teachers. We have bankers (the good kind!), and housing activists working under the same roof.
All of our engineering work has thus far been done by our CEO - you will be part of standing up a separate engineering team. Engineers will work closely with our Customer Experience and Capital Market teams to spec features and build them. We push code as often as we can, often multiple times per day.
As co-investors in homes, we need to monitor and underwrite/assess hundreds of home offers every week. Before a teacher makes an offer on a home, their agent sends us over 500 pages of documents that we need to sift through to (a) understand the risk involved in the purchase, and (b) a probability distribution of what the appropriate price looks like.
As something close to a bank, we need to fund and monitor millions of dollars (soon hundreds of millions) of investments that we've made in the homes of educators.
We ingest a lot of data. As a co-investor in a lot of homes, we find out exactly what fees our customers are paying on their mortgage, what their insurance costs, how much they were charged for escrow services, etc. We can then figure out which service providers are better for our educators, and help them make better financial decisions.
Realtor Product. We need to make it easy for realtors to give us the information we need to make quick decisions on whether we want to co-invest in an educator home purchase, or whether it's not a good idea. Our experience is that realtors are not big app users, but power email/text users, so basic chatbots are often the best way to get structured information.
Underwriting/Transaction Platform. We need to get better at making risk assessment on all our investments. You'll help us pull structured information from different APIs (Zillow, MLS, Census, etc), combined with data we've structured from 500 pages of documents on each home offer to give it a risk/investment score.
We believe teachers, first responders, nurses and municipal employees have it tough — we owe it to them to make their financial lives a little easier. Our culture is entirely orientated around building trust with our customer — we can't be detached developers that everyone loves to hate. That's why you'll find a unique, human-focused culture here at Landed.
Our norm is that all team members are generally responsive 9am - 2pm PST. Other than that, work when you want.
We provide full medical/dental.
Everyone gets a $10K development budget. Put this towards whatever you want to improve about yourself. We split these expenses 25%/75% (we pay 75%). Team members have used this for things like personal trainer, exec coach, language classes, conferences, etc.
Ask us about it. It's very generous.
We have a growing number of remote employees, so if that's what you're looking for, that's cool too. Everyone on the team works from home on Wednesdays.
As of yet, we've never had an employee leave us. We have lots of fun as a team, and spend every dollar we can pushing people to grow.
We will not do your dry cleaning, make your lunch, or get you a bus. We'd rather spend that money on helping you get to where you want to go in your career.
Interested in this company?
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