Underwriting Lead

Clara is a modern, technology-enabled mortgage lending platform. The team brings together a unique mix of experience from Silicon Valley, the mortgage industry, financial services, and the federal government. Clara is based in downtown San Francisco and backed by top-tier venture capital and industry investors. Our Underwriting Lead will play an integral role in the creation and build out of a world class loan manufacturing process. In addition to overseeing the day-to-day underwriting function, the Underwriting Lead will partner will our technology product and engineering teams to design tactical and strategic tools that will allow future underwriting staff to be exceptionally efficient, accurate and able to more effectively match a borrower’s financial profile to the loan products that are best suited to their needs and financial health. Our Underwriting Lead will also be involved in testing our new products, providing feedback and fueling our ability to quickly learn so our lending platform can mature and fundamentally change the way loans are originated and processed.


  • Underwrite loans to investor and regulatory guidelines: review credit, capacity, product and borrower eligibility, and collateral
  • Help establish and enforce company credit policies and lending guidelines
  • Analyze loan files for accuracy and fraud; create conditions and clear them in a timely manner
  • Oversee correctness of data in LOS/AUS systems/Investor portals
  • Communicate business requirements to an engineering team then help realize them through implementation, testing, and rollout
  • Support other areas of mortgage operations to fill gaps, specifically on processing and pipeline management
  • Continuous improve our processes, procedures and documentation with data-driven improvements
  • Serve as a subject matter expert to inform our product and engineering teams by answering questions, helping build requirement documentation and run learning sessions on various topics
  • Test new product features as they are developed in house, capturing issues/feedback; working with engineering team to resolve

About you

  • 5+ years experience underwriting conventional agency, government and jumbo products
  • Have a strong grasp of DU and LP automated underwriting systems
  • Structured, analytical thinker
  • Data-driven mindset
  • Not afraid of rolling up your sleeves and helping execute outside your day-to-day loan pipeline
  • Excited by the idea of re-thinking the underwriting process and you are bursting with ideas on how to make it better
  • Bonus: Previous experience processing or closing
  • Bonus: Previous experience in compliance or audit
  • Bonus: California SAFE Act compliant license (to handle counter offers)
  • Bonus: Experience underwriting FHA and/or VA loans and have associated DE and/or SAR certifications and have trained others to obtain their FHA and SAR certifications
  • Preferred: San Francisco based (can be remote)

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