Underwriter III - Mortgage

B.S.D. Capital Inc. dba Lendistry; Los Angeles (CA); On-site; USD 44,083 - 53,726; Full time

Job summary

B.S.D. Capital Inc. dba Lendistry is seeking an Underwriter to join their team in Los Angeles, California. This role requires the application of guidelines in underwriting Conventional, FHA, and VA loan products with a standard turnaround time of 24–48 hours. Candidates must have at least 3 years of experience in mortgage underwriting and current certification in FHA Direct Endorsement (DE).

The position offers a compensation range of $32.00 to $39.00 per hour, along with additional responsibilities including risk assessment and communication of decisions to stakeholders.

Qualifications

• 3+ years of demonstrated experience underwriting Conventional, FHA, and VA mortgage loans.
• Active and current FHA Direct Endorsement (DE) and SAR certification required.
• Strong experience underwriting purchase transactions preferred.
• 6+ years of overall mortgage industry experience strongly preferred.

Responsibilities

• Underwrite loans with a turnaround time of 24–48 hours.
• Analyze borrower credit profiles and issue credit decisions.
• Evaluate overall loan risk based on property documentation.
• Collaborate with the Processing Department to resolve complex files.
• Communicate underwriting decisions to stakeholders.

Skills

Underwriting mortgage loans

Credit analysis

Regulatory compliance

Communication skills

Education

High school diploma or GED

Tools

Desktop Underwriter (DU)

Loan Prospector (LP)

Job description

Equal Opportunity Employer

Lendistry is an Equal Opportunity/Affirmative Action Employer. We consider applicants without regard to race, color, religion, age, national origin, ancestry, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, veteran status, disability, genetic information, or membership in any other group protected by federal, state, or local law. If you need assistance or accommodation due to a disability, you may contact us at [e-mail]. Lendistry does not accept unsolicited resumes from recruiters, employment agencies, or staffing firms. To conduct business with Lendistry, a Master Services Agreement (MSA) must be executed and confirmed prior to submitting any information relating to a potential candidate. Without a signed MSA, Lendistry shall not be responsible to any individual or entity for any fee or compensation. In the event that a resume or candidate is submitted by a recruiter, employment agency, or staffing firm without a fully executed MSA, Lendistry has the unrestricted right to pursue and hire any of those candidates without legal or financial responsibility to the recruiter, agency, or firm.

Responsibilities

• Underwrite Conventional, FHA, VA, and USDA loan products in accordance with company, investor, and industry guidelines, maintaining a standard 24–48 hour turnaround time.
• Analyze borrower credit profiles and issue sound credit decisions through review of financial statements, credit reports, and key ratios including DTI and LTV.
• Evaluate and assess overall loan risk by reviewing property documentation, including purchase contracts, escrow instructions, and preliminary title reports.
• Assign, review, and clear appropriate loan conditions to ensure accuracy, completeness, consistency, and regulatory compliance, identifying and escalating documentation red flags as needed.
• Assist in the restructuring of loan files to meet applicable lending and agency guidelines.
• Research and interpret agency and investor guidelines to support underwriting decisions and condition sign‑offs.
• Collaborate with the Processing Department to resolve complex or problematic files and expedite underwriting submissions.
• Clearly communicate underwriting decisions and rationale to internal stakeholders, management, and auditors.
• Request, organize, and review loan documentation, independently submitting complete files to underwriting on a monthly basis.
• Utilize automated underwriting systems including Desktop Underwriter (DU) and Loan Prospector (LP) to support credit decisions.
• Perform other duties assigned to support the efficient operation of the entire department.

Qualifications

• 3+ years of demonstrated experience underwriting Conventional, FHA, and VA mortgage loans.
• Active and current FHA Direct Endorsement (DE) and SAR certification required.
• Strong experience underwriting purchase transactions preferred.
• 6+ years of overall mortgage industry experience strongly preferred.
• High school diploma or GED required.

Compensation Range

The base salary range for this full‑time position is $32.00‑$39.00 an hour.

Physical Requirements

This is a stationary position that requires frequent sitting (approximately 95%), repetitive wrist motions, grasping, speaking, listening, close vision, and the ability to adjust focus. It may also require occasional standing, lifting, carrying of 20 lbs or less, walking, kneeling, bending/stooping, twisting, pulling/pushing, and reaching above the shoulder. Employees in this position must be physically able to efficiently perform the essential functions of the position.