West Coast Construction Loan Underwriter

My client is a platform specializing in financial services and asset management for residential property investors in the U.S. It links fragmented loan markets with institutional capital through a network of originators, brokers, and in-house sales teams, providing business-purpose loans to property investors. These loan products include bridge loans for residential properties and rental loans for single and multi-family properties. Established in 2014 and based in NYC, the firm has more than 330 employees and operates in 46 states and Washington, D.C. Utilizing proprietary technology and multiple lending channels, the company has funded over $12 billion in loans since its founding.

Job Title:

Underwriter (West Coast)

Job Description:

POSITION

We are seeking an Underwriter (West Coast) to join our growing and fast-paced underwriting and credit team. The Underwriter will manage a pipeline of BPLs, including RTLs and Rental Loans on 1-4 unit residential properties. On a day-to-day basis, the candidate will be responsible for reviewing, analyzing, and making decisions on mortgage underwriting files to determine compliance with company and investor/buyer underwriting guidelines, including collateral and budget analysis, data validation, borrower background and credit review, entity compliance, and borrower/investor experience.

The Underwriter will underwrite loans throughout the country, with an emphasis on West Coast-based loans, including RTLs and Ground Up Construction loans in states such as CA, AZ, and WA.

The Underwriter will be expected to have a strong understanding of West Coast loan programs, products, and guidelines, as well as a robust understanding of the lending life cycle in general for heavy renovation and Ground Up Construction loans. The Underwriter must possess exemplary attention to detail, be self-motived, and have the ability to make data-driven decisions independently, while managing risk and ensuring the quality and compliance with company and investor/buyer guidelines and standards.

Responsibilities will include:

• Actively manage BPL loan pipelines on a daily basis
• Manage loan-level risk and ensure loan quality and compliance with company and investor/buyer guidelines, including addressing loan-level deficiencies and challenges
• Review loan files for accuracy, creditworthiness, and compliance
• Remain up-to-date on company and investor/buyer guidelines and changes to loan programs
• Communicate with Underwriting/Credit Managers and internal partners quickly and effectively to ensure that loans move through the process efficiently to ensure the best possible customer experience
• Collaborate with Credit Committee to review feedback from capital providers and loan buyers, and lead and contribute to initiatives to improve origination credit quality
• Understand and appreciate the needs of clients, loan buyers, and capital providers and work collaboratively with the firm’s various other teams and departments

Company Requirements:

QUALIFICATIONS / REQUIREMENTS

• Remote or in-person (NYC) candidates will be considered
• At least 3 years of prior experience in an Underwriter position, analyzing BPLs, including heavy construction RTLs and Ground Up Construction Loans on 1-4 unit properties, and Rental Loans, including underwriting BPLs to private investor guidelines and standards
• Demonstrated familiarity and experience with West Coast real estate markets including CA & AZ
• BS/BA degree or higher, preferably in a related field such as Finance, Business, Economics, Mathematics, or a similar discipline
• Knowledge of mortgage software and an understanding of state and federal loan regulations is preferred
• Advanced Microsoft Excel knowledge
• Excellent written and verbal communication skills
• Strong time-management, organizational, and execution skills
• Highly motivated with a strong work ethic and desire to work in a fast-paced and fluid environment
• Team-oriented and highly collaborative personality
• Client satisfaction-oriented personality and demeanor
• Title/level will be commensurate with the candidate’s experience and background