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Center Street Lending · 2 days ago

Underwriter

Irvine, CA

Full-time

Onsite

Mid Level

$36.06/hr - $43.27/hr

3+ years exp

Center Street Lending is one of the largest lenders for residential transition and ground-up loans for residential investors, having originated over $6.5 billion in loans since its founding. The Underwriter will play a key role in the Credit team, providing support to the underwriting manager and analyzing loan documents to ensure they meet credit standards and lending guidelines.

Real Estate Investment

Responsibilities

Playing an integral role within the Credit team, you will provide direct support to the underwriting manager, mentor junior team members, and serve as a resource to the Sales Team and other operating departments

Analyze all loan documents to determine the borrower’s ability to exit the loan while evaluating loan strength through factors such as ROI, DSCR, and After Repair Value

Conducting a final integrity analysis to ensure loans meet credit standards, are leverageable, and have crafted analytical narratives highlighting the operator’s ability to exit

Structuring loans based on a variety of loan programs offered ensuring that any loans perceived to have risk always have clearly stated and identified mitigants

Analyze all loan documents including appraisal, assets, personal and/or business financials, credit, background, escrow, purchase contract, construction/budget documents and preliminary title reports ensuring acceptance and final loan decision meets products and lending guidelines prior to closing

Hands-on experience reviewing property profile reports, appraisals, title documentation, financial documentation, credit/background reports, rehab budgets, track records and SREO’s

Analyze entity documents, be able to recognize nested entities while identifying the key entities relevant to the loan application

Analyze appraisals and secondary valuations in depth with special focus on appropriateness of value and comparability

Takes initiative with a clear business mind, maintain a healthy level of skepticism while remaining pro-deal minded, a problem-solving attitude and a collaborative approach with appropriate parties before, during and after closing

Escalates loan exceptions to management or Committee Credit for review and final decision outside of lending authority or as designated in the lending guidelines

Maintains an accurate active pipeline with knowledge of loan details while acting as a Team Player with all internal and external customers

Qualification

Underwriting experiencePrivate/RTL/DSCR LendingLoan processing knowledgeROI calculationEncompass softwareProblem-solving attitudeTeam playerAttention to detail