Underwriter / Loan Processor

About F2 Finance

F2 Finance is a private real estate lender originating short-term, residential bridge loans across the United States. We are part of the Faes & Co group and are growing a high velocity, in office team in Santa Monica. We pride ourselves on disciplined underwriting, fast execution, and an analytical, evidence based approach to credit.

The role

This is a hands on role for someone who wants to learn private credit underwriting end to end, working files from initial intake through to closing, and supporting the broader credit and portfolio function.

You will own the mechanics of the file so that the credit lead can focus on credit judgment, structuring, and portfolio strategy. Over time, with demonstrated capability, the role offers a clear path into full underwriting authority.

Key responsibilities

File processing and closing coordination:

• Manage the loan file from intake through closing: open the file, build the credit package, track conditions, and drive items to completion.
• Order and review third party reports, including appraisals, title, flood, insurance, and background searches.
• Coordinate with brokers, borrowers, title, escrow, and counsel to clear conditions on time.
• Maintain clean, audit ready loan files and ensure documentation standards are met.

Underwriting support:

• Spread borrower financials, build sources and uses, and prepare initial credit summaries for the credit lead.
• Run preliminary checks on property values, comparables, and exit assumptions.
• Draft term sheets and credit memos under the supervision of the credit lead.
• Track exceptions and ensure policy compliance is documented on every file.

Portfolio and operational support:

• Support the credit lead on portfolio matters, including pulling data, updating the loan tape, and preparing watchlist materials.
• Assist with extensions, payoffs, and routine borrower correspondence as directed.
• Identify process improvements that reduce time to close and improve file quality.

What good looks like in this role:

• Files close on time, with clean documentation and no last-minute surprises.
• The credit lead spends his time on credit judgment, not chasing conditions.
• Brokers and borrowers describe working with you as easy, responsive, and professional.
• You bring problems forward early with a proposed solution attached.

Requirements

• Experience: 2 to 4 years in private lending, hard money, residential bridge lending, mortgage operations, loan processing, or real estate finance. Direct experience closing loans, not just observing the process, is strongly preferred.
• Judgment: Comfortable owning a file end to end, raising issues early, and working under direct supervision while showing initiative on the mechanics.
• Organization: Excellent tracking discipline across many simultaneous files, deadlines, and counterparties. Strong attention to detail.
• Communication: Clear, professional written and verbal communication with brokers, borrowers, and vendors.
• Tools: Comfortable in Google Sheets. Familiarity with loan origination systems is a plus. Comfortable working in a modern, AI assisted workflow (we run on Notion and a system we have built in-house called ATLAS).
• Education: Bachelor's degree preferred, not required.

Benefits

• 10 days paid holiday
• medical insurance
• parking in our building
• snacks, good coffee and weekly office lunches

This is an in-office role based in our Santa Monica office. We have a collaborative, high-velocity culture, and we take pride in building a team that enjoys working together. We provide office lunch twice a week from local restaurants, and keep the office stocked with endless snacks and food for the team.