UHNW Mortgage Underwriter

Position Responsibilities

Underwrite and analyze multifaceted mortgage loans for high net-worth clients within delegated credit authority and in accordance with MSPBNA credit policy, lending standards and risk appetite
Proactively and effectively manage and maintain a pipeline of complex transactions
Provide guidance as related to complex income scenarios to partners and junior team members
Perform complicated income, business financial statement and tax return analysis
Assist in identifying or recommending alternative loan solutions
Provide onboarding and training to new team members

Qualifications

- External Private bank lending experience, business relationship management or commercial/structured credit analysis experience required including providing business financing
Minimum 10 years’ experience credit analysis and underwriting for high net-worth individuals
Experience underwriting non-conforming loans
Experience structuring and underwriting loans held in entities i.e. LLCs and Trusts
Pipeline management experience required
College degree preferred or equivalent experience, advance degree a plus

Skills/Abilities

Ability to comprehend business financial statements and personal tax returns
Understanding of structured credit transactions including terms, covenants, etc. and impact to the residential mortgage product
Excellent verbal and written communication skills, including ability to articulate the borrower’s financial profile and associated risks
Underwriter should be comfortable working with Family Offices, CPAs, CFOs, Business Managers, Financial Advisors, etc.
Superior knowledge of underwriting and credit risk principles
Strong knowledge of unique property vesting i.e. trusts and LLCs
Complex self-employed income analysis is a critical requirement
Ability to recognize, mitigate and escalate risks where appropriate
Strong collaboration and teamwork skills
Strong attention to detail
High level of proficiency with Microsoft excel; proficient with Microsoft Office suite