Salary: Market related
Reference: JOB-1127
Risk Analyst (Fix & Flip Real Estate)
Position Overview
MM Lending is seeking a highly analytical and detail-oriented Risk Analyst (Fix & Flip Real Estate) to lead and strengthen the company’s underwriting and portfolio risk management functions.
This role is designed for someone who thrives in structured environments, applies disciplined decision-making, and relies on data, evidence, and process to guide conclusions.
As the company continues to scale its residential fix-and-flip lending platform, this individual will serve as a central authority in credit quality, risk evaluation, and portfolio integrity, ensuring that growth is achieved through controlled, methodical, and well-documented underwriting practices.
This is a hands-on, analytical role requiring independent judgment across borrower capability, renovation feasibility, collateral valuation, and market risk dynamics.
Key Responsibilities
Borrower Credit & Experience Analysis
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Lead all borrower pre-approval underwriting with a structured, evidence-based approach.
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Evaluate historical flip projects for:
- Renovation quality and execution consistency
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Timeline adherence and budget discipline
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Pricing strategy alignment with market conditions
- Verify borrower ownership, operational involvement, and decision-making authority.
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Conduct detailed financial reviews including liquidity, creditworthiness, and leverage.
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Produce clear, written risk assessments with defensible conclusions.
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Apply and enforce consistent qualification standards and experience tiers.
Collateral & Rehabilitation Risk Evaluation
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Analyze Scope of Work and budgets for feasibility, completeness, and alignment with ARV assumptions.
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Evaluate structural complexity, including:
- Foundation work, additions, layout modifications
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Mechanical systems, environmental considerations, permitting risks
- Assess alignment between borrower capability and project difficulty.
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Critically review appraisals, assumptions, and comparable sales data.
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Evaluate neighborhood-level risk including liquidity, absorption rates, and market stability.
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Approve loans within delegated authority using consistent underwriting frameworks.
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Identify, document, and escalate exceptions with supporting rationale.
Exposure Management & Risk Controls
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Monitor borrower-level exposure, concentration risk, and project stacking.
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Apply structured limits tied to borrower performance and capacity.
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Evaluate borrowers at scaling stages before approving additional exposure.
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Enforce liquidity-to-exposure alignment standards.
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Recommend restrictions or reductions in approvals based on deteriorating risk indicators.
DSCR Loan Oversight & Compliance
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Ensure complete, accurate, and compliant loan files aligned with investor guidelines.
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Validate documentation integrity, reserve calculations, and eligibility criteria.
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Maintain strict adherence to sellability and repurchase risk standards.
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Identify inconsistencies and proactively resolve file deficiencies.
Portfolio Risk Management & Reporting
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Participate in and progressively lead monthly portfolio risk reviews.
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Monitor loan performance using structured grading systems (1–5 scale).
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Maintain and manage a watchlist of underperforming or elevated-risk assets.
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Track borrower concentration and systemic risk trends.
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Deliver clear, data-driven quarterly risk reports to executive leadership.
This role is ideal for individuals who:
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Are highly detail-oriented, methodical, and analytical
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Prefer structured environments, defined processes, and clear standards
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Make decisions based on data, evidence, and logic—not emotion
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Are risk-aware and naturally cautious, prioritizing accuracy over speed
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Thrive in independent roles requiring deep focus and technical expertise
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Communicate in a clear, precise, and factual manner
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Are comfortable challenging assumptions and declining marginal opportunities
Qualifications
Required
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5–10 years of experience in:
- Private lending
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Real estate investing
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Construction or renovation lending
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Or similar risk-focused real estate environments
- Strong understanding of:
- Residential renovation processes and risks
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Collateral valuation and underwriting fundamentals
- Demonstrated ability to analyze complex scenarios and produce written risk assessments
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High level of independent judgment and decision-making discipline
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Strong organizational and documentation skills
Preferred
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Direct experience in fix-and-flip or value-add real estate lending
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Exposure to renovation budgeting and project execution
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Experience operating in entrepreneurial or non-institutional lending environments
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Familiarity with loan grading systems and portfolio risk frameworks
Organizational Structure
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Reports directly to the President
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No direct reports initially
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Positioned as a credit leadership track role
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Delegated approval authority will expand based on performance and demonstrated judgment
Why This Role
This is an opportunity to build and refine a disciplined credit function within a growing lending platform, where your analytical rigor and risk judgment will directly shape portfolio performance and long-term company success.
