Underwriter

RTL/DSCR UNDERWRITER

Center Street Lending is one of the largest lenders for residential transition (fix/flip) and ground up loans for residential investors. Since its founding in 2010, Center Street has originated over $6.5 billion of fix/flip, ground-up, bridge and multi-family loans across 40 states. Center Street Lending provides expert guidance, fast approvals, speedy funding, and personalized in-house service that helps it retain one of the highest customer satisfaction ratings in the industry with 4.8/5.0 google stars. We provide tailored financial solutions designed to meet the unique needs of real estate developers and residential investors.

Center Street Lending is proud to be a registered “Great Place to Work”, listed on the 2025 #Inc 5000 list of fastest growing companies and featured in Scotsman Guide’s Top Lenders publication since 2023.

Website: www.centerstreetlending.com

THIS IS AN ONSITE OPPORTUNITY IN IRVINE. PLEASE ONLY APPLY IF YOU RESIDE IN ORANGE COUNTY, CA.

Responsibilities:

• Playing an integral role within the Credit team, you will provide direct support to the underwriting manager, mentor junior team members, and serve as a resource to the Sales Team and other operating departments.
• Analyze all loan documents to determine the borrower’s ability to exit the loan while evaluating loan strength through factors such as ROI, DSCR, and After Repair Value.
• Conducting a final integrity analysis to ensure loans meet credit standards, are leverageable, and have crafted analytical narratives highlighting the operator’s ability to exit.
• Structuring loans based on a variety of loan programs offered ensuring that any loans perceived to have risk always have clearly stated and identified mitigants.
• Analyze all loan documents including appraisal, assets, personal and/or business financials, credit, background, escrow, purchase contract, construction/budget documents and preliminary title reports ensuring acceptance and final loan decision meets products and lending guidelines prior to closing.
• Hands-on experience reviewing property profile reports, appraisals, title documentation, financial documentation, credit/background reports, rehab budgets, track records and SREO’s
• Analyze entity documents, be able to recognize nested entities while identifying the key entities relevant to the loan application.
• Analyze appraisals and secondary valuations in depth with special focus on appropriateness of value and comparability.
• Takes initiative with a clear business mind, maintain a healthy level of skepticism while remaining pro-deal minded, a problem-solving attitude and a collaborative approach with appropriate parties before, during and after closing.
• Escalates loan exceptions to management or Committee Credit for review and final decision outside of lending authority or as designated in the lending guidelines.
• Maintains an accurate active pipeline with knowledge of loan details while acting as a Team Player with all internal and external customers.

Qualifications:

• 3-5 years of recent preferred experience in underwriting business purpose bridge or construction loans in compliance with credit guidelines.
• Private/RTL/DSCR Lending and a Real estate background required.
• Ability to calculate ROI, DSCR, NOI, Debt Yield and leverage ratios such as LTARV and LTC (added 5/7/2025)
• Private lending experience preferred
• Familiarity with fair lending practices and an understanding of the Fair Credit Reporting Act and lending industry guidelines
• Detailed knowledge of loan processing, underwriting, and closing procedures; proficiency in Outlook, Excel, Word (Microsoft)
• Encompass - preferred
• Expertise in the use of loan underwriting, processing, and management software
• 45 – 60 files closures per month – High volume
• Must be able to prioritize time sensitive deadlines

ONSITE - IRVINE, CA

Education:

• Bachelor’s degree preferred.

Compensation:

• $36.06 - $43.27 Hourly

Benefits:

• Paid time off/401k plan/Company Events
• Health insurance/Dental Insurance/Vision
• Company Offsite Events