Zippy, a community-focused chattel lender, has announced that it has secured additional investment to drive further scalability and meet the growing demand for manufactured home loans. The company’s record growth trajectory positions it as one of the largest lenders in the manufactured housing industry, just as it celebrates its second year in business.
Zippy previously received a Series A investment from FirstBank, a Nashville-based financial institution, earlier this year. This partnership aimed to broaden opportunities for affordable homeownership and provide modern lending solutions for buyers of manufactured homes. With the new investment from Brand Foundry and repeat investors, Zippy is set to expand even further and continue its mission of democratizing access to home ownership.
Wesley Gottesman, Partner at Brand Foundry, praised Zippy’s commitment to homebuyers and community operators. He noted that Zippy’s best-in-class technology enables them to increase access to affordable housing by offering competitive financing options to homebuyers. Brand Foundry is thrilled to continue supporting Zippy as it pushes the entire manufactured housing industry forward.
Zippy’s success can be attributed to its industry-first, cutting-edge platform. This investment will allow the company to build on its initial success in providing community partners with the technology needed to offer competitive loans to homebuyers. Zippy’s digital borrower portal allows community home sellers to manage their customers’ loan progress in real time, providing updates, document requests, and digital marketing tools. The platform also offers a similar experience for home buyers, guiding them through the loan process from start to finish, with a quick closing.
In addition to securing additional investment, Zippy has also announced the appointment of Jesse Field as the new VP of Sales. Field brings extensive expertise in driving B2B2C growth and transforming businesses into publicly traded companies. With Field’s leadership and experience, Zippy aims to continue serving manufactured home buyers and community operators with unwavering commitment.
Currently, Zippy offers manufactured home loans in 17 states, including Texas, Florida, and Virginia, among others. However, with plans to expand its footprint across the country, Zippy aims to be present in more than half of the states by the end of the year.
Zippy’s success and growth reflect its dedication to providing affordable housing solutions and its commitment to leveraging technology to streamline the lending process. With the additional investment and a strong leadership team, Zippy is well-positioned to continue its upward trajectory and make a significant impact in the manufactured housing industry.
For more information about Zippy and its services, visit www.zippymh.com. As Zippy continues to grow and expand its reach, it is poised to play a vital role in addressing the affordable housing crisis and providing a pathway to homeownership for more individuals and families across the United States.
