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Doral

    Underwriter - Doral, United States - Ascendo Resources

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    Description

    Seeking an Underwriter who has experience in the Fix& Flip and Hard Money lending space.

    Your role will be to:

    • Analyze Business Purpose bridge mortgage loans in compliance with company credit guidelines and regulatory requirements and ensure loan terms, LTV/LTC and ratios meet program guidelines
    • Review loan files for completeness, identify missing documentation and review condition lists to see how cleared
    • Communicate with lender on trends, portfolio concentrations and guideline updates as needed
    • Review and approve loan exceptions to the guidelines
    • Review sample entity documents to determine who are the members of the entity and who is authorized to sign the mortgage loan documents.
    • Manage pipeline and review closing timelines with industry standards
    • Work with third party diligence provider to document a complete scope of work including valuation reviews, feasibility analysis and borrower experience levels
    • Ensure adequacy and quality of the borrower and subject property qualifications

    Qualifications

    • Bachelors Degree required
    • 5+ years mortgage lending experience with good knowledge of lending regulations and credit/collateral analysis practices.
    • Experience underwriting fix & flip/hard money/business purpose preferred.
    • Strong written and verbal communication skills;
    • Must be able to adapt well to a fast-paced and constantly changing business environment;
    • Strong Computer skills, MS office and comfortable with new technology systems and paperless environment,

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