Underwriter

Splitero • San Diego, CA

18d • $90,000 - $110,000 • Hybrid

About The Position

As an Underwriter at Splitero, you will assess risk on applications for its Home Equity Investment (HEI) product, a financing alternative with no income requirements or monthly payments. You will apply underwriting guidelines, policies, and procedures and work closely with the Processing team and homeowners to move files through closing. The role owns a pipeline from initial review through final approval, with a consistent daily review cadence and quality standards measured through regular QA reviews.

The position is remote until January 2027. Starting then, it is hybrid and based in Splitero’s San Diego office, with onsite work Tuesday through Thursday and the option to work remotely Monday and Friday. The target start date is November 16 or November 30 (year not specified). The annual salary range is $90,000–$110,000, with individual pay based on job-related skills, experience, and relevant education or training.

Requirements

• At least 3 years of experience underwriting residential real estate or home equity products.
• Deep experience reviewing and analyzing credit reports, property title reports, appraisal reports, mortgage statements, deeds of trust, and recorded instruments such as loan modification agreements and UCC filings.
• Strong title-curative knowledge, including identifying and explaining conditions needed to resolve liens, encumbrances, and title exceptions.
• Strong appraisal review skills, including identifying value concerns, property condition issues, and unsupported comparables.
• Solid understanding of loan modifications and their effects on lien position, product features, and underwriting decisions.
• A purposeful, precise approach to setting conditions, including the ability to explain the rationale in plain language to processors and sales.
• Collaborative communication skills and a partnership-oriented approach to working with processors and homeowners.
• Creative problem-solving skills and curiosity when handling complex files.
• Experience with loan processing systems or robust CRM systems such as Salesforce.
• Excellent attention to detail and accuracy.
• Ability to work efficiently and independently on a pipeline.
• Adaptability and resilience in response to change.
• Team-oriented approach that prioritizes collaboration, inclusivity, and teammate support.

Nice To Haves

• Trust review experience, including familiarity with trust vesting, trustee authority, and documentation needed to confirm homeowner eligibility.
• Availability to work until 6 p.m. PST is strongly preferred.

Responsibilities

• Own an underwriting pipeline from initial review through final approval, maintaining a consistent daily review cadence and meeting quality standards measured through regular QA reviews.
• Determine purposeful, proportionate, and defensible conditions for each file, and clearly explain the rationale to processors and homeowners.
• Review property title to identify restrictions, leases, liens, and other encumbrances, and specify conditions needed to resolve title issues.
• Review appraisals for value concerns, property condition flags, and potentially relevant comparable properties.
• Review and analyze loan modifications for their effects on lien position, product features, and eligibility.
• Review trust documentation to confirm vesting, trustee authority, and compliance with Splitero guidelines.
• Monitor and approve completion of all conditions before funding.
• Collaborate with processors and homeowners, providing context for conditions and helping resolve complex files.

Benefits

• Comprehensive healthcare plans for employees and their families, available from the first day of employment.
• Flexible PTO.
• Parental leave.
• Monthly cell and internet stipend.
• Access to any WeWork location.
• Solid tech stack and resources to support employees’ work.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed