Real Estate Loan Underwriter (DSCR)
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Job Description
About Us:
Ternus Lending, where our foundation is built on a simple yet transformative idea: a lending company created by investors, for investors. In the dynamic world of real estate investment, we saw a gap – a need for a lender who not only provides funds but understands the journey, challenges, and aspirations of fellow investors.
Position Summary:
The Underwriter will evaluate and analyze the creditworthiness of loan applicants in accordance with company policies, guidelines, and risk assessment standards. This role requires strong attention to detail, financial analysis skills, and the ability to make sound, data-driven decisions. The Underwriter will work closely with loan officers, processors, and management to review and approve loans efficiently and responsibly.
Key Responsibilities:
● Evaluate and analyze loan applications, financial statements, collateral reports, and other relevant documentation to assess risk and creditworthiness.
● Make loan approval or decline decisions within designated authority levels and provide recommendations for exceptions.
● Ensure all underwriting decisions comply with company policies, procedures, and applicable lending regulations.
● Collaborate with loan officers and processors to gather additional information and clarify any discrepancies.
● Conduct risk assessments and identify potential areas of concern related to borrower eligibility, loan terms, and collateral.
● Accurately document underwriting decisions and maintain records for audit and compliance purposes.
● Communicate loan decisions, conditions, and rationale to internal stakeholders and, as necessary, to borrowers.
● Stay up to date with industry trends, lending regulations, and best practices in underwriting.
● Participate in team meetings, training sessions, and process improvement initiatives to enhance underwriting performance.
Requirements
Qualifications:
● 3+ years of experience in underwriting, collateral analysis, or a related role within the lending industry.
● Proficiency in reviewing and interpreting automated valuation models, financial statements, background, and credit reports.
● Strong understanding of lending regulations, credit policies, and risk assessment principles.
● Excellent analytical, problem-solving, and decision-making skills.
● Strong communication and interpersonal skills with the ability to explain underwriting decisions clearly.
● High level of attention to detail and ability to manage multiple priorities under tight deadlines.
● Proficiency in Microsoft Office Suite (Excel, Word, Outlook, etc.).
Benefits
Benefits:
● Competitive salary and performance-based incentives.
● Health insurance.
● Paid time off (PTO) and holidays.
● Professional development and training opportunities.
If you are interested in being considered for this opportunity, please apply and take our required job fit assessment linked below:
https://TeamArchitects.asmt.io/XCTPW967H/TernusJob-Assessment
Automate your job search with Sonara.
Submit 10x as many applications with less effort than one manual application.