Multi-Family Investment Loan Associate Underwriter

Description

Join a dynamic company that fosters a collaborative work environment and values its team members. We celebrate our colleagues throughout the year with events, raffles, and giveaways, while also taking pride in giving back to the community.

We are currently seeking passionate individuals eager to contribute and grow their careers. Our picturesque headquarters in Irvine, California, offers a range of amenities, including a free gym membership for those working from this location.

In this role, you will be responsible for mitigating risk and evaluating the overall creditworthiness of borrowers. Your thorough underwriting will assess asset profitability and sustainability while preparing detailed credit summaries for commercial multi-family applicants. Your work will be crucial in identifying strengths and potential risks, leading to informed credit decisions.

Compensation

\(95,000 - \)115,000

Key Responsibilities

• Review and analyze complex loan scenarios to assess transaction feasibility.
• Identify potential risks and suggest mitigation strategies.
• Evaluate creditworthiness through income flow analysis and rent roll analysis to determine loan approval.
• Analyze operating performance and proactively identify issues.
• Review environmental and feasibility reports.
• Manage a portfolio of new loan submissions and make recommendations for approval or rejection discussions with the Director of Credit.
• Address file escalations from other departments.
• Review and clear underwriting conditions while underwriting new loans as needed.
• Identify potential pipeline, underwriting, and system concerns for management review.
  
  

Qualifications

• Strong problem-solving skills, with the ability to articulate issues and create solutions under pressure.
• In-depth knowledge of state and federal lending regulations.
• Familiarity with leverage ratios (LTV, As Is, LTC) and their interactions with DSCR, ROI, and NOI.
• Excellent communication skills, both written and verbal, for interactions with internal and external customers.
• Strong time management, prioritization, decision-making, and critical thinking skills.
• Ability to thrive in a collaborative team environment.
  
  

Education And Experience

• 5+ years of recent underwriting experience.
• Experience with Non-QM and “Alt-A” paper mortgage loans.
• Background in lending within private funds, private money, investment brokerage, or a conforming role.
  
  

Language Skills

• Ability to read, understand, and write simple instructions and correspondence.
• Effective in presenting information in one-on-one and small group settings.
  
  

Mathematical Skills

• Proficiency in basic math operations, and the ability to compute rates, ratios, and percentages and interpret bar graphs.
  
  

Computer Skills

• Advanced proficiency in Microsoft Office applications (Word, Excel, Outlook, etc.).
  
  

Benefits

We offer a comprehensive benefits package, including:

• Medical, dental, and vision coverage
• Wellness programs and EAP counseling services
• Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA)
• Company-sponsored life insurance with additional voluntary life insurance options
• Accidental Death and Dismemberment (AD&D) Insurance
• Voluntary short-term and long-term disability insurance
• Critical illness and accident insurance
• Legal assistance and pet insurance
• Living will and trust preparation discounts
• Commuter program
• Annual walking challenge, employee appreciation events, and monthly sales awards
  
  

We're committed to creating a supportive and inclusive work environment where you can grow and thrive. If you’re passionate about your career and ready to make a difference, we'd love to hear from you!

Employment Type: Full-Time