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New Silver · 4 months ago

Underwriter, Residential Commercial Real Estate

West Hartford, CT

Full-time

Hybrid

Mid, Senior Level

$100K/yr - $100K/yr

5+ years exp

New Silver is a fintech company focused on improving local communities by providing flexible capital to real estate investors. The Underwriter role involves underwriting and documenting loans, assessing collateral risk, and collaborating with senior team members on portfolio reviews and policy improvements.

Financial ServicesFinTechReal Estate

Responsibilities

Review and clear borrower entity documents, credit/background checks, liquidity, experience, and supporting files

Communicate with prospective borrowers to obtain additional documentation

Order and review real estate appraisals, managing the appraisal pipeline end-to-end

Resolve exceptions with loan advisers and the investment committee

Draft and request letters of explanation and other borrower documents as needed

Adjust preliminary loan structures post-appraisal for final approval

Conduct portfolio reviews to identify risks and recommend credit policy improvements

Draft, refine, and maintain underwriting and credit policies

Stay informed on real estate and macroeconomic trends to anticipate market shifts

Leverage technology tools to ensure compliance and efficiency

Engage professionally with borrowers, partners, and third-party vendors

Qualification

Loan processing experienceBusiness-purpose loansAttention to detail’s degreeExcelFlexibleResourcefulPassion for real estateCommunication skillsSelf-motivated