Underwriter

About the Company

Anchor Loans is one of several operating companies owned by Pretium (+$60B AUM Financial Services Entity) and is working diligently to expand and grow its lending footprint.

Anchor Loans, established in 1998, is the nation’s leading private, direct lender to experienced residential real estate investors and builders, and the first to surpass $10 billion in total fundings. Renowned for expediting financing for developers and investors, we specialize in bridge loans, ground-up construction, and single-family rental solutions for non-owner-occupied projects. Headquartered in beautiful Thousand Oaks, California, Anchor Loans currently lends in 48 states and is expanding into new markets and service lines to better serve our current and future borrowers.

Position Summary

The Underwriter plays a critical role in assessing and mitigating risk in mortgage lending decisions. This position is responsible for analyzing loan applications, borrower financials, creditworthiness (applying the 5 Cs of credit), and property valuation to ensure that all loans comply with investor, regulatory, and company guidelines.

The ideal candidate will possess strong analytical abilities, a comprehensive understanding of mortgage underwriting principles, and the capability to make informed credit decisions while balancing risk with loan quality. The Underwriter will be expected to approach each loan with a problem-solving mindset, prioritize both team and borrowers needs over individual goals, and take ownership in driving results through diligent risk assessment and resourceful decision making.

Essential Duties & Responsibilities

1. Risk Assessment & Responsibilities

• Evaluate borrower creditworthiness, assets, and collateral to assess risk and ensure compliance with investor guidelines.


• Identify potential red flags, fraud risks, and compensating factors, making well-supported lending recommendations.

2. Borrower & Loan Level Documentation

• Ensure all required documentation is current and accurate


• Review loan level details (LTC, LTARV, and LTAIV) and borrower level details (Experience & Financials) to determine a credit decision.

3. Collaboration & Communication

• Partner with the operations, sales, and capital markets teams to ensure smooth and timely loan approvals.


• Provide clear and well-documented justifications for underwriting decisions to internal teams and external stakeholders as needed.

4. All other duties as assigned

Key Performance Indicators

• Turnaround Time for Loan Decisions


• Productivity & Loan Volume


• Loan Approval Accuracy & Quality


• Risk Mitigation Effectiveness

Requirements

• Minimum 2 years of experience in mortgage underwriting, real estate, or a related field (or equivalent work experience)


• Ability to multi-task, manage multiple daily assignments and meet daily required deadlines


• Flexibility to work overtime if needed

Preferred, but not required

• Bachelor’s Degree


• Excellent organizational and time management abilities in a fast paced, deadline driven environment


• Proficiency in risk assessment and identifying mitigating factors


• Strong analytical skills with exceptional attention to detail


• Ability to collaborate effectively across multiple teams


• Strong technical skills, including proficiency in Excel

Work Environment:

This is a hybrid position which requires in-office reporting to Anchor’s Thousand Oaks, CA office on Tuesday, Wednesday, and Thursday. Remote work is optional Monday and Friday.

Compensation:

The base pay range for this position is $70,000 a year, plus annual discretionary bonus based on performance of the individual and company.

Benefits

• Medical, Dental, Vision, Life, AD&D insurance


• Vacation and sick leave


• 401k plan with employer match


• Onsite gym


• 12 paid holidays annually

Diversity matters to our organization, and we are proud to be an equal opportunity employer.  All qualified candidates are welcome and will receive consideration for employment regardless of race, color, religion, gender, gender identity or expression, genetic information, marital status, sexual orientation, natural origin, disability, age, veteran status, or any other protected characteristic. 

Anchor Loans, LP is subject to the California Consumer Privacy Act of 2018 (“CCPA”). A copy of Anchor’s California Privacy Policy can be found at Privacy Policy (anchorloans.com)