Newrez · 1 month ago
Residential Transition Loan (RTL) Underwriter
United States
Full-time
Remote
Mid Level
$85K/yr - $120K/yr
3+ years expNewrez LLC is one of the largest business purpose lenders in the country, focused on providing commercial real estate financing solutions. The Residential Transition Loan (RTL) Underwriter plays a crucial role in evaluating and underwriting real estate investment loans, ensuring sound lending decisions through rigorous risk assessment and collaboration with various teams.
FinanceFinancial Services
Responsibilities
Assess borrower financial strength through credit review and liquidity analysis, escalating potential issues as needed
Validate borrower experience and track record in investment property projects
Underwrite RTL and fix & flip loans, analyzing collateral value, renovation scope, exit strategy, and local market dynamics
Review renovation budgets for accuracy and alignment with market comps and borrower objectives
Confirm hazard and liability insurance compliance with program standards
Ensure loan eligibility within program guidelines and risk thresholds
Review exceptions and provide clear recommendations to credit approvers
Ensure compliance with Genesis Capital’s credit policy, asset-level guidelines, and investor requirements
Partner with Sales, Valuations, Construction, and Operations to collect and verify due diligence documentation
Provide underwriting feedback to Sales for deal structuring and eligibility discussions
Participate in pipeline meetings and provide underwriting insight to expedite approvals and resolve issues
Review and validate key title documents (e.g., estoppels, title reports, indemnities)
Manage a pipeline of borrower and asset underwrites within Genesis Capital SOP’s and service level agreements (SLA’s)
Accurately input underwriting data into LOS and related systems with a focus on attention to detail
Performs related duties as assigned by management
Qualification
Required
Bachelor's degree in finance, real estate, economics, or a related field
3+ years of experience in commercial real estate banking or private real estate lending, with a focus on underwriting, credit analysis, or similar functions
Solid understanding of real estate lending principles, loan structuring, and risk assessment
Familiarity with real estate markets, valuation methodologies, and investor exit strategies
Understanding of borrower financial analysis, credit risk evaluation, and KYC/AML compliance
Proficiency in Excel, PowerPoint, and pipeline management tools
Strong real estate underwriting judgment, with the ability to quickly assess project-level risks and opportunities
Detail-oriented and organized, with the ability to handle a high volume of deals in a deadline-driven environment
Confident communicator able to present and defend underwriting recommendations clearly and concisely
Adept at working across multiple teams and functions to keep loan files moving efficiently
Ability to synthesize data from property comps, budgets, and borrower history into actionable insights
Flexible and adaptable to process and program changes in a rapidly growing platform
Self-starter with a strong sense of urgency and ownership over assigned loans
Creative problem solver that can effectively summarize and communicate issues to team members and management
Analytical approach to identifying issues and proposing solutions
Preferred
Hands-on experience with RTL, fix & flip, or construction lending strongly preferred
Exposure to residential construction budgets, cost review, and timeline feasibility a plus
Company
Newrez
Newrez is your mortgage partner for all stages of your homeownership journey. We offer hundreds of mortgage products to match your needs.
5001-10000 employees
H1B Sponsorship
Newrez has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (31)
2024 (12)
2023 (41)
2022 (3)
2021 (2)
2020 (6)
Funding
Current Stage
Late StageLeadership Team
Joshua Bishop
Chief Operating Officer, Servicing
B
Bruce Williams
Vice Chairman
Recent News
2026-01-21
2026-01-17
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