Residential Mortgage Underwriting Specialist

3 weeks ago


Lake Oswego, Oregon, United States Redwood Trust Inc Full time
Job Overview
Redwood Trust Inc is looking for a skilled Residential Mortgage Underwriting Specialist to join our team. As a residential mortgage underwriting specialist, you will be responsible for underwriting residential mortgage loans and providing recommendations to our investment committee. This role requires strong analytical skills, attention to detail, and excellent communication skills.

Key Responsibilities:
  1. Perform income underwriting, cash flow analysis, credit reviews, business plan and track record due diligence.
  2. Conduct financial analysis including trend and cap rate analysis, construction budget reviews, capital expenditure requirements, proforma NOI, exit and stress test analyses.
  3. Regularly communicate loan status updates to loan management team and originators as appropriate.

Qualifications:
  • Bachelor's degree required.
  • 2-5 years of underwriting experience, strong preference for previous experience in fix and flip, bridge loan, construction loan or commercial loan underwriting.
  • Strong financial modeling capabilities.
  • Advanced Word, PowerPoint and Excel skills.

A reasonable estimate of the base compensation range for this role is $75 - 90K annually.

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