Underwriter

Splitero • San Diego, CA

1d • Hybrid

About The Position

As an Underwriter at Splitero, you will make risk assessment decisions on applications for the company's Home Equity Investment (HEI) product, an alternative to traditional financing with no income requirements or monthly payments. You will analyze risk factors against underwriting guidelines, policies, and procedures, and partner with the Processing team and homeowners to move files toward closing.

You will own your pipeline from initial review through final approval, maintain a consistent daily review cadence, and meet quality standards measured through regular QA reviews. You will determine and explain purposeful, proportionate, and defensible file conditions; review property title, appraisals, loan modifications, and trust documentation; and confirm that all conditions are met before funding.

The target start date is November 16 or November 30 (year not specified). The position is remote until January 2027, after which it is hybrid and based in the San Diego office. Onsite work is required Tuesday through Thursday, with remote work optional on Mondays and Fridays. The salary range is $90,000–$110,000 per year, with individual pay determined by 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 the ability to identify and explain 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 effect on lien position, product features, and underwriting decisions.
• A calibrated approach to conditioning: understand what each condition is intended to cure, condition precisely, and explain the reasoning to processors and sales in plain language.
• Collaborative communication skills, providing context for conditions and treating processors and homeowners as partners.
• Creative problem-solving skills and curiosity when working through complex files.
• Experience with loan processing systems or robust CRM systems such as Salesforce.
• Exceptional attention to detail, accuracy, and thoroughness.
• Ability to work efficiently and independently on an assigned pipeline.
• Adaptability, resilience, and a positive approach 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

• Make risk assessment decisions on applications for Splitero’s Home Equity Investment product using established underwriting guidelines, policies, and procedures.
• 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.
• Identify purposeful, proportionate, and defensible conditions for each file, and clearly explain the reasoning to processors and homeowners.
• Ensure property title is free of restrictions, leases, liens, and other encumbrances, and identify the conditions needed to cure title issues.
• Review appraisals for value concerns, property condition flags, and comparables that may affect the investment decision.
• Analyze loan modifications for their impact on lien position, product features, and eligibility.
• Review trust documentation to confirm vesting, trustee authority, and compliance with Splitero guidelines.
• Monitor and approve that all conditions are met before funding.
• Collaborate with the Processing team and homeowners to move files toward closing.

Benefits

• Comprehensive healthcare plans for employees and their families, with eligibility beginning on the first day.
• Generous PTO and a parental leave policy.
• A monthly cell and internet stipend.
• Access to any WeWork location.
• A solid tech stack.
• A culture of transparency, innovation, and inclusivity.

What This Job Offers

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