Real Estate Underwriting Specialist

2 weeks ago


Boca Raton, Florida, United States LendingOne Full time
Position Overview

LendingOne is a prominent direct private lender catering to Real Estate professionals. We focus on delivering business-purpose mortgage solutions for non-owner-occupied investment properties. Our expertise includes providing fix/flip bridge loans and long-term rental financing, ensuring a reliable lending partnership.

About Us:

With a solid foundation in real estate, LendingOne has successfully facilitated over $4 Billion in real estate capital. We pride ourselves on being recognized as one of the Top Workplaces in recent years, emphasizing our commitment to our employees.

Role Summary:

We are seeking a detail-oriented and technology-savvy individual to fulfill the role of Credit Analyst/Underwriter. This position is integral to our Operations team, reporting directly to the Underwriting Team Manager. The primary focus will be on the thorough underwriting of investment properties.

Key Responsibilities:

  • Conduct comprehensive underwriting on all commercial loans, assessing both borrower and property aspects.
  • Perform credit evaluations by reviewing financial documents to determine eligibility for financing.
  • Analyze various properties owned by investors, considering their experience and performance in other investments.
  • Identify potential risks related to borrowers or properties, determining if risks are manageable or if alternative financing options are necessary.
  • Evaluate property acquisition costs, renovation plans, current rents, and potential rent increases.
  • Prepare summary reports that encapsulate loan applications and credit assessments, highlighting both quantitative and qualitative evaluations.
  • Investigate discrepancies in applicants' financial statements as needed.
  • Verify market comparables for rental and property sale values.
  • Review appraisal analyses to ensure compliance with acceptable standards.
  • Issue final underwriting approvals with terms once loans are approved, ensuring effective internal communication.
  • Maintain productivity levels and adhere to established turnaround times, prioritizing the underwriting workload to meet deadlines.
  • Exhibit strong business relationship management skills, anticipating the needs of business stakeholders.

Qualifications:

  • A minimum of 2-3 years of successful operational experience as an underwriter, specifically in real estate investment properties.
  • A Bachelor's degree is required, preferably in finance, business, or economics.
  • Possess a positive attitude, exceptional organizational skills, and strong communication abilities.
  • Demonstrate proficiency in Microsoft Office, particularly Word and Excel.
  • Exhibit attention to detail and the ability to manage multiple projects effectively.
  • Display natural curiosity and skepticism to challenge the status quo and identify issues.

Benefits:

  • Competitive salary based on experience.
  • Opportunities for training and career development.
  • Comprehensive benefits package.
  • Company matching 401(k) plan.
  • Casual work environment.

LendingOne is an Equal Employment Opportunity employer, committed to fostering a diverse and inclusive workplace.



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