Real Estate Commercial Underwriter

Sharestates - Great Neck, NY (30+ days ago)


Scope and Impact

  • Examines and evaluates documents such as application forms, inspection reports, financial reports and other data to determine degree of risk, underwriting and market selection
  • Communicates orally, by correspondence or in person with Openers, Processors, clients (as needed) and underwriters to obtain further information, quote rates, present proposals, and explain company underwriting policies
  • Works with sales and support staff to structure and close deals

Job Knowledge

  • Business relationship sales management skills and the ability to understand and anticipate the needs of respective business stakeholders
  • Demonstrate the ability to review contingencies.
  • Once approved, issue updated final underwriting approval with terms and assign to legal team/attorney
  • Must be aware of institutional loan products and guidelines as they change and/or as we approve institutions

Decision Making Authority

  • Keeps abreast of institutional Underwriting best practices, compliance and guidelines
  • Evaluates proposals and agreements and provides recommendations to management.
  • Acts as department manager in absence of Chief Underwriting officer

Qualifications

  • Bachelor’s degree in related field and at least 3-5 years of experience in the Underwriting and credit analysis with at least 1 year of management and strategic experience in Underwriting
  • Must be internet savvy
  • Must meet the minimum requirement of 60 files cleared per month unless otherwise stated by the executive team

Job Type: Full-time

Education:

  • Bachelor's (Preferred)