California Licensed Mortgage Underwriter

Job Summary

Evaluating mortgage loan applications for multi-unit residential properties, the full-time California Licensed Mortgage Underwriter will assess risk and compliance for 5-10 unit properties while working remotely.

Key responsibilities

• Review and analyze mortgage loan applications and supporting documentation for 5-10 unit properties
• Assess borrower creditworthiness and the property's financial performance, including projected rental income and Debt Service Coverage Ratio (DSCR)
• Make informed loan decisions based on comprehensive risk assessments and ensure compliance with lending guidelines

Required qualifications

• A bachelor's degree in a related field is often preferred
• Non-QM experience as a mortgage underwriter, particularly with multifamily or commercial real estate loans
• Strong analytical skills for assessing financial data and risk, with knowledge of lending guidelines and regulations
• Familiarity with financial metrics such as NOI and DSCR
• Knowledge of local real estate markets and property management is beneficial