Mortgage Underwriter

LBC Mortgage • Full-time • Remote (California City, California, United States) • 4d ago

About LBC Mortgage

LBC Mortgage is a Los Angeles–based mortgage company with over 20 years of industry experience. Alongside our traditional mortgage business, we operate a fast-growing Private Money / Hard Money Lending Division, focused on funding real estate investment loans with speed, accuracy, and strong risk management.

We are looking for a skilled Hard Money Underwriter who understands private lending, can underwrite deals quickly, and make confident decisions that protect the company while keeping production moving.

Responsibilities

Underwrite Hard Money / Private Money loans (Fix & Flip, Bridge, DSCR, Cash-Out, Ground-Up, etc.)
Review loan files and borrower documentation (credit, assets, entity docs, income where applicable)
Analyze property details, exit strategies, deal structure, and overall risk
Calculate and validate LTV, ARV, LTC, rehab budgets, and timelines
Review appraisals, comps, and market data to confirm property value and feasibility
Issue approvals and conditions, ensuring fast and clear communication with the team
Work closely with Loan Officers, Processors, and Management to move loans efficiently
Identify red flags early and provide clear recommendations
Ensure adherence to internal guidelines and lending policies

Requirements

2+ years of underwriting experience in Hard Money / Private Lending (required)
Strong understanding of Fix & Flip and Bridge loan underwriting
Ability to evaluate ARV-based deals, rehab scopes, and budgets
Strong knowledge of appraisals, title reports, insurance, and entity structures
Strong attention to detail and ability to work in a high-volume, fast-paced environment
Excellent communication skills and ability to make confident decisions

Preferred Qualifications

Experience underwriting DSCR and rental investment loans
Experience with Ground-Up Construction loans
Familiarity with Encompass or other mortgage/loan CRM systems
Strong knowledge of investor real estate lending across multiple states

Why Join LBC Mortgage

Established company with strong leadership and long-term stability
Growing private lending division with strong pipeline
Opportunity for career growth into Senior Underwriter / Underwriting Manager role
Competitive compensation based on experience
Remote flexibility and supportive team environment