Underwriter (Real Estate)

Our Client, a Capital Provider, is seeking an Underwriting Analyst in their Iselin, NJ location:

Essential Job Functions
Analyze purchase contracts, rehab scope, ARV, exit strategies, and market trends for fix and flip projects
Review property appraisals, rental income, expenses, exit strategies, and global DSCR for investment deals
Verify applicant credentials, experience, and performance on previous construction projects
Evaluate preliminary plans, blueprints, specs, budgets, and timelines for construction loans
Identify risk factors including cost overruns, delays, absorption periods, and market changes
Use financial modeling and sensitivity analysis to stress test deals and loan structures
Provide approval recommendations and structure terms including LTV’s interest rates, and recourse conditions
Develop relationships with brokers, borrowers, contractors, and real estate agents
Stay current on regulatory compliance for bridge lending and DSCR products
Manage and oversee overseas staff workflow, quality, and productivity
Build efficient processes and procedures to maximize overseas team output by working with CTO
Continuously improve overseas operations through training, feedback, and iteration

Skills and Qualifications
Bachelor’s degree in finance, real estate, or economics preferred
1-3+ years of experience in construction, fix and flip, or commercial real estate lending
Strong financial analysis skills and attention to detail
Ability to accurately evaluate plans, budgets, timelines, and exit strategies
Knowledge of construction methodologies, investment analysis, and underwriting standards
Proficiency in using spreadsheets, financial modeling, and risk analysis
Excellent written and verbal communication abilities
High credit analytical and risk assessment skills

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