Mortgage Underwriter: LBC Mortgage in Los Angeles

• Mortgage Underwriter: LBC Mortgage in Los Angeles

Start Date
09/03/2026

Full-Time

The Mortgage Underwriter role at LBC Mortgage is a full-time position based in Los Angeles, California , with remote flexibility. LBC Mortgage reviews candidates for private money lending work across Fix & Flip, Bridge, DSCR, Cash-Out, and Ground-Up loan files. The role evaluates borrower documentation, property details, exit strategies, deal structure, and risk before issuing approvals and conditions.

An underwriter with at least two years of hard money or private lending underwriting experience handles the file review. The position requires judgment across investor real estate transactions and multiple loan structures. Encompass or another mortgage or loan CRM is preferred.

• Employer:
  
  LBC Mortgage
• Location:
  
  Los Angeles, California, with remote flexibility

A candidate's resume can identify private money underwriting experience, the loan products handled, and any Encompass or similar CRM work. A candidate can also distinguish experience with Fix & Flip, Bridge, DSCR, rental investment, or Ground-Up files so the lending team can assess the closest match.

The underwriter evaluates each file through the property and the repayment plan rather than relying on a single borrower metric. ARV-based deals require a reasoned view of the finished property's value, the rehabilitation scope, the budget, and the timeline for completing the work. Bridge files require attention to the exit strategy and the conditions that support repayment.

Loan structure calculations include loan-to-value, after-repair value, and loan-to-cost measures. The review also checks whether the requested amount matches the property, the work plan, and the borrower's intended exit. An approval can include conditions that resolve documentation gaps, clarify risk, or establish the items required before funding.

• ARV and property-value analysis
• LTV, LTC, and rehab-budget validation
• Exit-strategy and deal-structure review
• Approval and condition issuance

Mortgage underwriting examines capacity, credit, and collateral together. A financial review can include income, employment, debt, assets, payment history, and the debt-to-income ratio, while property review tests value, condition, location, and comparable sales. U.S. Bank's underwriting guide describes the same three-part review used to determine loan eligibility.

New debt, employment gaps, late payments, large deposits, or contradictory records can require an explanation and additional documentation. The underwriter also checks whether the appraisal, title information, insurance evidence, and entity structure support the proposed transaction.

The property review covers more than a headline valuation. Appraisals, comparable properties, market data, title reports, insurance documents, and the proposed use of the property each contribute to the decision. Chase's mortgage explanation covers the income, asset, credit, employment, and appraisal checks that inform this kind of risk assessment.

The role reviews loan files for completeness and consistency before an approval moves forward. A missing signature, unclear source of funds, unsupported repair budget, or mismatch between the borrower information and property records can create a condition. The underwriter identifies the issue, records the required evidence, and confirms that the response addresses the original concern.

Investor and lender standards add another layer to the file review. Conventional lending guidance organizes the work around borrower eligibility, income, assets, credit, liabilities, property…