We are a dynamic and growing private lending company specializing in home construction financing. We are seeking an experienced and dedicated Senior Underwriter to join our team. The ideal candidate will have extensive experience in private lending, particularly in the home construction sector, and a deep understanding of underwriting practices and risk assessment.
Job Responsibilities
Loan Underwriting: Evaluate and underwrite loan applications for home construction projects, ensuring compliance with company policies and guidelines.
Risk Assessment: Conduct thorough risk assessments, analyzing financial statements, credit reports, property appraisals, and construction plans to determine the creditworthiness of borrowers.
Documentation Review: Review and verify all loan documentation, including borrower financials, project budgets, contractor qualifications, and construction timelines.
Decision Making: Make informed underwriting decisions and recommendations, balancing risk and reward while maintaining the company's lending standards.
Portfolio Management: Monitor and manage a portfolio of construction loans, tracking project progress, draw requests, and borrower compliance with loan terms.
Compliance: Ensure all loan transactions comply with federal, state, and local regulations, as well as internal company policies and procedures.
Collaboration: Work closely with loan officers, borrowers, contractors, and other stakeholders to facilitate smooth loan processing and project completion.
Problem Resolution: Identify and resolve any issues or discrepancies that arise during the underwriting process, providing expert guidance and support.
Training and Mentorship: Provide training and mentorship to junior underwriters and support staff, sharing expertise and promoting best practices.
Reporting: Prepare detailed underwriting reports and present findings and recommendations to senior management.
Job Requirements
Experience: Minimum of 5-7 years of experience in underwriting, with a focus on private lending and home construction financing.
Education: Bachelor's degree in finance, business, real estate, or a related field. Advanced degree or relevant certification (e.g., Certified Mortgage Banker, Certified Residential Underwriter) is a plus.
Knowledge: In-depth understanding of private lending practices, construction loan underwriting, risk assessment, and relevant regulations.
Analytical Skills: Strong analytical and decision-making skills, with the ability to interpret complex financial data and make sound judgments.
Attention to Detail: Exceptional attention to detail and accuracy in reviewing and verifying loan documentation.
Communication Skills: Excellent verbal and written communication skills, with the ability to interact professionally with internal and external stakeholders.
Technical Skills: Proficiency in loan origination systems, underwriting software, and Microsoft Office Suite.
Organizational Skills: Strong organizational and multitasking abilities, with the ability to manage multiple loans and projects simultaneously.
Team Player: Ability to work effectively both independently and as part of a team, providing leadership and support as needed.
Seniority level
Entry level
Employment type
Full-time
Job function
Finance and Sales
Industries
Staffing and Recruiting
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