Underwriter

Job Description:

As an Underwriter at Splitero, you will perform risk assessments for homeowners who have applied to receive our Home Equity Investment product. In this highly critical role, you will analyze creditworthiness and risk factors against our underwriting guidelines, policies, and procedures.
About the Job

• Manage your pipeline and meet internal standards for initial and final underwriting review.
• Evaluate documentation to ensure compliance, accuracy, and completeness.
• Identify potential risks and follow escalation procedures when necessary.
• Ensure title to the property is free of restrictions, leases, liens, and other encumbrances or interests except with respect to permitted encumbrances and pre-existing liens.
• Identify conditions during the initial and final underwriting review.
• Monitor and approve that all conditions are met prior to funding.

The salary range for this position is $90,000/yr - $110,000/yr. Within the range, individual pay is determined by job-related skills, experience, and relevant education or training.

About You

• 3+ years of experience underwriting residential loans
• Experience reviewing and analyzing credit reports, property title reports, appraisal reports, mortgage statements, deed of trusts, and recorded instruments such as loan modification agreements and UCC filings
• Experience in understanding and applying underwriting guidelines
• Experience with loan processing systems or robust CRM systems such as Salesforce
• Experience in mortgage processing is preferred
• Proficiency in evaluating risk, specifically with mortgage and financial information
• A high degree of integrity and confidentiality when handling sensitive information
• Incredible attention to detail, ensuring accuracy and thoroughness in every aspect of your work
• The ability to work efficiently and independently on your pipeline
• Knowledge of FannieMae Selling Guidelines preferred
• Ability to provide excellent written and verbal communication on complex topics, doing so with professionalism and patience
• Ability to navigate complex closing scenarios through problem-solving and decision-making
• Ability to work 8am - 5pm PST
• Desire to participate in fast-paced early-stage startup
• Adaptability: Embraces changing circumstances with resiliency and positivity
• Team-Oriented: Prioritizes collaboration, inclusivity, and teammate support

About Us

Millions of homeowners in today’s economy are sitting on substantial home equity they are unable to access due to rising interest rates and strict qualification requirements of traditional lenders. That means millions of homeowners can’t convert their hard-earned equity into cash to pay off debt, start a home renovation, or pad their retirement to better their lives.

Splitero co-founders Michael Gifford and David Zvaifler witnessed the problem firsthand throughout their real estate careers. They set out to create a win-win product that could help those homeowners access their home equity but not make monthly payments or add additional debt like traditional financing options. And thus, Splitero was born.

As part of our team, you will join our quest to revolutionize the real estate industry while helping families in need. We offer a suite of benefits designed to help you thrive in all areas of life.

• Fully Remote Team - Our remote-first culture allows us to hire the best people, regardless of location.
• OneTeam Culture - We foster a culture of transparency, innovation, and inclusivity, where every voice is heard and every team member is valued. We believe in celebrating our successes, doing the right thing, and helping each other so we grow as a team and as individuals.
• Generous Resources - We want to ensure you are set up to do your best work. In addition to a solid tech stack, and access to any WeWork location, you will receive a monthly cell and internet stipend.
• Premium Healthcare - We offer comprehensive healthcare plans for you and your family, which employees are eligible for on their first day.
• Flexible PTO and Parental Leave - We offer a generous PTO and encourage employees to take time off to recharge. We're proud to offer a parental leave policy that allows you to welcome your new addition without worry.

We are a workforce composed of individuals with diverse backgrounds, abilities, minds, and identities. In keeping with our commitment to inclusion, we will ensure that people with disabilities are provided reasonable accommodations. If reasonable accommodations are required when applying, interviewing, or performing the essential functions of this position, please contact People Operations, at peopleops@splitero.com.