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About the Role

The Senior Underwriter evaluates and underwrites mid-market hard money loans for commercial real estate properties. This role requires extensive knowledge of commercial underwriting processes, including agency takeout, and a proven ability to assess and mitigate risk. The ideal candidate brings strong analytical skills, sharp attention to detail, and the ability to make sound credit decisions that align with our risk appetite and lending guidelines.

Responsibilities

Conduct thorough analysis and underwriting of loan applications for residential and commercial real estate, ensuring compliance with company guidelines and industry standards.
Assess borrower creditworthiness, property value, market conditions, and overall loan feasibility.
Perform detailed due diligence, including review of financial statements, credit reports, appraisals, environmental reports, and other relevant documentation.
Collaborate with originators, processors, and other stakeholders to gather necessary information and provide clear, concise loan decisions.
Structure loan terms and conditions to mitigate risk while meeting the needs of borrowers and the company's lending objectives.
Prepare and present comprehensive loan approval packages to senior management and investment committees.
Monitor and manage loan portfolios, identifying potential risks and recommending corrective actions as needed.
Stay current with market trends, regulatory changes, and industry best practices to keep the company's underwriting practices competitive and compliant.
Mentor and provide guidance to junior underwriters and support staff, fostering a collaborative team environment.
Assist in developing and updating underwriting policies, procedures, and guidelines to enhance efficiency and risk management.

Requirements

Bachelor's degree in Finance, Business Administration, Real Estate, or a related field.
Minimum of 5 years of experience in commercial real estate underwriting, with a strong focus on hard money lending and agency takeout.
Proven ability to analyze complex financial statements, credit reports, and market data to make informed underwriting decisions.
Excellent communication and interpersonal skills, with the ability to effectively interact with clients, brokers, and internal stakeholders.
Strong organizational skills and attention to detail, with the ability to manage multiple priorities and meet deadlines.
Proficiency in underwriting software and tools, as well as Microsoft Office Suite (Excel, Word, PowerPoint).
High level of integrity and professionalism, with a commitment to ethical lending practices.

Skills

Commercial underwriting
Agency takeout
Risk assessment
Financial analysis
Credit analysis
Due diligence
Loan structuring
Portfolio management
Underwriting software
Microsoft Office Suite

Location

Office-based

Work Type

Full-time
Monday-Friday
Occasional evening or weekend work
Up to 5% travel

Experience Level

5+ years of experience in commercial real estate underwriting

Education Level

Bachelor's degree in Finance, Business Administration, Real Estate, or a related field

About the Company

HouseMax provides equal employment opportunity to all individuals regardless of race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Equal Opportunity

HouseMax provides equal employment opportunity to all individuals regardless of race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.