Real Estate Lending Underwriter

Responsibilities

• Underwrite DSCR, bridge, fix-and-flip, ground-up construction, and blanket loans across the affiliated lending platform
• Evaluate sponsor strength, liquidity, experience, and track record
• Analyze project budgets, construction timelines, and cost-to-complete risk
• Review appraisals, feasibility studies, rent rolls, and market fundamentals
• Absess exit strategy viability and market liquidity
• Structure transactions to balance risk and growth
• Prepare clear written credit memos and present recommendations in committee
• Possibly partner with originations to improve deal quality without compromising standards
• Identify portfolio-level risk patterns and provide insight to leadership
• Manage the full underwriting lifecycle from initial review through credit approval and closing
• Cook with conditions and documentation
• Maintain accurate credit files and records in the loan origination system
• Contribute to guideline and policy refinement as the platform scales

  Requirements

  • 3-7 years underwriting investment property or business-purpose real estate loans
  • Direct experience with ground-up construction risk, blanket and portfolio loans, transitional real estate, and DSCR underwriting
  • Working knowledge of LTC vs. LTV tradeoffs, construction draw risk, cost overruns and contingency analysis, debt yield, DSCR, and exit risk
  • Demonstrated ability to evaluate sponsors beyond credit score
  • Experience defending or presenting credit decisions in committee or leadership forums
  • Proficiency with loan origination and underwriting platforms and Excel-based credit modeling
  • Ability to manage a pipeline and work independently across multiple concurrent deals
  • Experience with small-balance commercial, multifamily, or mixed-use assets a plus
  • Familiarity with institutional capital requirements or fund-level reporting a plus
  • Experience mentoring junior underwriters or analysts a plus