Position Overview:
The BPL Underwriter is an experienced mortgage professional specializing in complex transactions including fix and flip, multifamily, senior bridge, and construction loans. This role demonstrates skill in structuring deals, analyzing financial and property valuations, and ensuring compliance with company policies and regulatory standards. The BPL Underwriter collaborates cross-functionally with production, closing, and legal teams to deliver tailored lending solutions and drive successful loan execution.
Job Responsibilities:
- Lead the underwriting process while managing deal timelines, developing credit recommendations, and ensuring compliance with company policies.
- Work directly with production teams to develop loan structures that will meet clients’ financial objectives; develop and maintain strong relationships with production and closing departments.
- Prepare underwriting narratives and independent cash flow estimates, focusing on large, complex transactions, including multifamily, senior bridge and construction loan deals.
- Evaluate the market competitiveness of the proposed collateral and determine the economic feasibility of transactions; conduct detailed economic and market research.
- Model and review cash flows, financial statements, and analyze property valuations.
- Review third party reports from vendors such as appraisers, surveyors, and engineers to ensure compliance with all requirements.
- Collaborate with loan officers, loan closers, and legal counsel to move loan requests through the approval and closing process.
- Conduct and participate in customer meetings and conference calls.
- Present recommendations to the appropriate levels, including all key documentation. (term sheets, applications, commitments, credit memos, etc.)
- Crosstrain across Valere’s various products and exit strategies to cultivate ability to underwrite a variety of deal types.
Qualificationsand Skills:
- Bachelor’s Degree in Statistics, Business, Finance, Accounting or Economics, preferred.
- 5+ years of experience underwriting Multifamily and Commercial Real Estate Loans; experience with new construction, office and retail properties, preferred.
- Completion of a formal commercial loan underwriting training program (Ex. Omega), preferred.
- Experienced in high-volume environments, efficiently managing assignments to consistently meet deadlines.
- Skilled in prioritizing tasks and avoiding distractions to meet deadlines without direct supervision in a remote work environment.
- Experience with Moody’s Credit Lens, preferred.
- Advanced knowledge of commercial real estate underwriting, including the development of cash flow forecasts and pricing metrics.
- Excellent oral and written communication skills.
- Proficient in Microsoft Office Suite.
- Ability to travel as needed to execute the expectations of the role.
This job description is intended to convey information essential to understanding the scope of the job and the general nature and level of work performed by job holders within this job. However, this job description is not intended to be an exhaustive list of qualifications, skills, efforts, duties, responsibilities or working conditions associated with the position.
