Underwriter (Real Estate, Loan & Credit)

One of our Financial Clients in NYC, is urgently looking for a Loan Underwriter.

Hourly: $60 per hour (W2 only)

Duration: Long-term

Must-to-Have Skills:

1. Strong experience with Credit approvals and loan closing
2. Experience Loan submission packages is highly essential for this requirement
   
3. Minimum 5-10 years of experience at a bank or non-bank CRE lending platform is preferred
4. Possess a solid foundation in commercial real estate analysis, valuation and loan origination (and closing) process
5. Strong financial modeling skills including proficiency with Excel. Knowledge of Argus and Rockport (preferred)
6. Ability to effectively handle a fast-paced environment and successfully meet established tight deadline requirements
7. Self-motivated with the ability to work independently

Primary Responsibility

• Analyze and prepare initial underwriting for recommendation based on loan submission packages and available market data to present to capital markets and distribution team for pricing and to business line for review
• Lead the underwriting and execution of signed deals through closing by working with clients and third party due diligence providers to ensure that all questions/issues are addressed as well as working with internal teams such as pricing, credit, legal and KYC to ensure deals continue to progress toward closing as per the timeline
• Prepare Asset Summary Reports and underwriting models for portfolio and securitizations with the assistance of the underwriting support vendors
• Assist the capital markets and distribution team through the syndication or securitization process by addressing investor or rating agency questions and assisting in the development of syndication or securitization material

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  Maintain deal data in the various databases and workflow management systems
• Ensure all transactions are executed in compliance with the Lending Policy, Credit Policy & Procedures, Underwriting guidelines and the Business Procedures of the REH platform

Coverage

• Maintain day-to-day contact with client accounts
• Interact with brokers and clients to provide deal feedback and manage expectations. New Business
• Assist in managing the deal flow pipeline, including review and analysis of new loan requests and presenting a deal view to the business line. Portfolio Management and Loan Servicing
• Assist Capital Markets, Syndication and Asset Management teams with due diligence questions including B-piece buyers, rating agencies, and syndication partners

Platform Support

• Assist the Real Estate platform in improving processes and procedures and working on special projects that improve the Real Estate platform