DSCR/Non-QM Underwriter

The Opportunity:

We are seeking a detail-oriented DSCR Real Estate Loan Underwriter to scale our underwriting function. This role involves reviewing new loan files, issuing underwriting conditions, coordinating with third-party reviewers, and assisting in post-close conditions for loan sales. The ideal candidate will have strong analytical skills, a keen eye for risk assessment, and a continuous improvement mindset to enhance underwriting and loan processing efficiency.

What you will do:

Underwriting & Condition Review
Underwrite new loan files and issue underwriting conditions based on loan requirements
Review borrower and property-related documentation to ensure compliance with lending guidelines
Pre-Close & Post-Close Coordination
Clear pre-close conditions in collaboration with third-party reviewers
Assist in post-close requirements to satisfy note buyer conditions for loan sales
Maintain underwriting SLA within 1 business day
Process Improvement & Risk Assessment
Identify areas for improvement in underwriting and loan processing procedures
Work closely with internal teams to enhance efficiency and streamline workflows
Ensure LOS (loan operating system) accuracy with deal economics and figures
Collaboration & Communication
Coordinate with internal teams and third-party stakeholders to facilitate smooth loan transactions
Maintain clear documentation and communication regarding loan conditions and underwriting decisions
Create credit memos for the investment committee to review for more complex files that require escalated reviews
Full Ownership of the Underwriting Process
Assemble, underwrite, and delivery full packages, coordinating with Brick City Capital sales, processing, capital markets, and closing teams
Exert creativeness to underwrite - full ownership of the underwriting process allows maximum flexibility to creatively underwrite in accordance to Brick City Capital's guidelines

What we are looking for:

An individual who resides in the state of NJ, NY, CT, CA, FL, AZ, TX, or IN.
Bachelor's degree in finance, real estate, business, or a related field (or equivalent experience).
1-3 years of experience in real estate underwriting or private lending.
Strong knowledge of investment property lending and loan structuring.
Ability to analyze risk factors and apply lending guidelines effectively.
Strong documentation review skills with the ability to spot discrepancies and ensure compliance.
Excellent attention to detail, organizational, and communication skills.
Tech-savvy, with the ability to learn and navigate multiple systems.
Knowledge of real estate market trends and investment financing.

What we prefer to find:

3+ years of experience in real estate underwriting or private lending.
Experience in DSCR loans.
Experience working with private lenders or note buyers.

What we bring to the table:

A company culture that you can actually enjoy being immersed in
Direct access to executive leadership and strategic decision-making
Opportunity to grab destiny by its horns and to create your own path
Fast-paced, mission-driven environment with serious growth opportunity
A team that values integrity, entrepreneurial spirit, overall excellence, accountability, and ownership