Commercial Underwriter

3 days ago


Jersey City, New Jersey, United States Asset Based Lending Full time
About Asset Based Lending

Asset Based Lending, LLC is a leading Hard Money Lender based in New Jersey, established in 2010. We provide fast bridge financing to real estate investors for various property types, including single-family, multi-family, and mixed-use properties, as well as DSCR rental loans for long-term investors.

Our Mission
  • Make Good Loans
  • Provide Exceptional Service, Every Time
  • Protect The Firm
  • Build The Future
Job Summary

We are seeking a proactive and detail-oriented Commercial Underwriter with a solid background in commercial real estate and lending to join our rapidly growing Underwriting team. This role is integral to collaborating with our senior leadership to enhance internal processes, evaluate commercial loan inquiries, and strategically manage portfolio risk.

Key Responsibilities
  • Conduct comprehensive risk assessments for commercial term loans, including real estate and business loans.
  • Collaborate with Loan Officers to evaluate and discuss the feasibility of new commercial lending opportunities.
  • Lead in-depth Borrower underwriting interviews to gather critical financial and business information.
  • Maintain and update detailed loan information and underwriting notes in our Customer Relationship Management (CRM) system.
  • Structure commercial loans in accordance with ABL's underwriting guidelines and risk management strategies.
  • Provide insightful recommendations to the credit committee regarding loan approvals or rejections.
  • Manage a robust pipeline of commercial loans, ensuring efficient processing through various stages of underwriting.
  • Review and assess appraisal reports, credit histories, and other key loan documentation to ensure compliance and accuracy before finalizing loan closings.
  • Coordinate with operations teams to ensure smooth and efficient loan closing processes.
  • Work closely with loan buyers to optimize the efficiency and effectiveness of commercial loan sales.
Requirements
  • 2+ years of experience in commercial underwriting, real estate finance, or a related commercial lending field.
  • Demonstrated success working within cross-functional teams in a high-paced commercial lending environment.
  • Strong customer service orientation with a focus on commercial clients and transactions.
  • Excellent analytical skills with meticulous attention to detail in assessing commercial risk.
  • Superior communication skills, both written and verbal, with confidence in professional phone interactions.
  • Proficiency in Microsoft Excel and other relevant commercial underwriting tools and software.
  • Spanish fluency is a plus.
  • U.S. citizenship or green card is required.
  • High School Diploma is required.


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