Vice President Credit Underwriting
Vice President Credit Underwriting
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Job Description
Job Summary:
A rapidly growing national mortgage lender is seeking an experienced VP of Underwriting. This role is for an experienced underwriter in commercial real estate industry with specific experience in underwrite
CMBS loans. A thorough and current knowledge of the CMBS and commercial real estate lending business is required.
Job Duties and Responsibilities:
- Manage the underwriting process from initial stages of loan application to the final stage of loan securitization.
- Work within a team and oversee the due diligence of loans for securitization.
- Analyze the components of each loan and property to ensure they comply with both general credit quality measures securitization standards and the companys credit policies and procedures.
- Approve or reject loans within limited credit approval authority
- Communicate and frequently discuss risks and mitigants of each credit decision on a loan among internal and external parties.
- Keep informed of current practices in loan underwriting and trends within the CMBS and securitization industry.
- Conduct property site inspections as part of the CMBS underwriting process evaluating physical condition surrounding area competitive positioning and overall suitability as collateral; document findings with detailed reports and photographs to support credit analysis.
- Serve as a resource for BPiece buyers during the loan sale process responding to investor inquiries providing additional due diligence materials and articulating SMCs credit view.
- Incorporate an understanding of rating agency methodologies into the underwriting process to anticipate their review criteria ensuring loans are executable and meet profitability targets.
Knowledge and Skills:
- Proficient with Microsoft Office (Excel Word PowerPoint etc.
- Strong analytical skills
- Excellent written and verbal communications skills
- Excellent presentation skills
Education and Experience:
- Bachelors degree in Business Administration or Finance. MBA with emphasis on real
estate and/or finance may be substituted for a portion of work experience
- Minimum 5 years of experience in the mortgage or finance industry
- Minimum 3 years of experience in underwriting of commercial mortgages for securitization
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Required Experience:
Chief
Employment Type
Full-Time
