NewRez

Credit Underwriter

NewRez$90K — $130K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Applied Economics, or related field
  • 3 years of relevant experience in real estate lending or similar role
  • Expertise in loan structuring and complex financing solutions
  • Strong understanding of pro-forma financial statements and NOI/DSCR analysis
  • Proficiency in Microsoft Suite and database applications for pipeline management

Responsibilities

  • Analyze clients' financial data to evaluate lending potential
  • Collaborate with clients and teams to gather necessary documentation
  • Prepare credit memorandums outlining lending risks and mitigations
  • Create charts, graphs, and financial models using Microsoft Excel
  • Ensure compliance with internal credit quality policies
  • Stay updated on trends in commercial real estate and finance

Benefits

  • Full-time position requiring 40 hours a week
  • Opportunities for professional development
  • Dynamic and collaborative work environment
  • Engagement with the latest industry trends
Full Job Description
Credit Underwriter: Analyze clients' financial information to evaluate their potential for lending opportunities and perform comprehensive analysis to access creditworthiness and determine the risk associated with loan applications. Work directly with clients and internal teams to obtain relevant documentation to evaluate the underlying project (collateral) as well as perform financial analysis of the borrower and guarantor(s). Prepare credit memorandums and analysis to outline the lending opportunity's key risks and mitigating factors including economic conditions and client operations. Use Microsoft Excel to create charts, graphs, and models that summarize findings and incorporate graphical analysis into presentations of credit memorandum for Credit Management's review and approval. Ensure Genesis Capital maintains strong credit quality in line with its policies and procedures and assist with ensuring that financial systems, fundamental recordkeeping, and financial reporting are compliant with legal requirements. Stay abreast of the latest developments in the commercial real estate and finance industries to ensure that Genesis Capital maintains strong credit quality.

Requirements: The position requires a Bachelor's degree in Finance, Applied Economics or related field and three years of experience in the job offered or a related position. The position requires skills and knowledge in complex real estate lending and loan structuring, pro-forma financial statements and NOI/DSCR analysis, Microsoft Suite, and database applications for pipeline management.

40 hours/week.

Salary range: $90,000.00 to $130,000.00 per year

Job Site: Sherman Oaks, CA

Submit Resume to Genesis Capital, LLC at https://link.edgepilot.com/x/Yt7c9WzTcCr5eiy04x5Nppc?u=https://newrez.wd1.myworkdayjobs.com/en-US/Genesis/job/Credit-Underwriter_R10056

About NewRez

NewRez LLC is a leading nationwide mortgage lender and servicer. The company offers a wide range of mortgage products, including conventional, FHA, VA, and jumbo loans. NewRez is committed to providing its customers with exceptional service and support throughout the home buying process. The company is headquartered in Fort Washington, Pennsylvania and has operations in all 50 states. NewRez is a subsidiary of New Residential Investment Corp., a publicly traded real estate investment trust (REIT).
Learn more about NewRez
Size
3,000 employees
Industry

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