Underwriter at LBC Mortgage in San Diego, CA

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