Sr. Commercial Underwriter
Newmark · Houston, TX · 3 wk ago
FinanceFull-time
Responsibilities
- Independently underwrite complex national commercial real estate transactions, including acquisitions, refinances, construction loans, portfolio transactions, and multi-site deals
- Analyze title searches, commitments, surveys, legal descriptions, organizational documents, and transaction structures to assess and mitigate risk
- Issue title commitments and proformas with endorsements in compliance with underwriting guidelines and state-specific regulations
- Identify title defects, curative requirements, and risk issues, and develop practical solutions to facilitate timely closings
- Communicate closely with assigned commercial escrow officers on each transaction to prepare needs lists for closings
- Provide underwriting guidance and support to commercial escrow officers
- Assist in resolving underwriting objections raised by lenders, borrowers, and counsel
- Support claims avoidance efforts through thorough risk analysis and documentation
- Participate in training and mentoring of junior underwriters and operations staff
- Communicate with all parties on commercial transactions, take client phone calls, and participate in deal specific conference calls
Qualifications
- Skills: Excellent attention to detail and problem-solving abilities, strong organizational and multitasking skills, proficiency in title closing software systems, effective written and verbal communication skills, leadership, team building, and conflict resolution skills
- Education: Associate or bachelor’s degree preferred; equivalent experience accepted
- Experience: Minimum 5 years in national commercial title underwriting