Mortgage Underwriter jobs in United States
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Merchants Mortgage & Trust Corporation · 1 day ago

Mortgage Underwriter

positionSan Diego, CA
timeFull-time
remoteOnsite
senioritySenior Level
date5+ years exp

Merchants Mortgage & Trust Corporation is a private real estate lender headquartered in Denver, Colorado, specializing in various types of loans. They are seeking a Mortgage Underwriter to underwrite loans according to company guidelines, manage loan pipelines, and communicate with various stakeholders throughout the loan origination process.

Commercial Real EstateFinancial ServicesLendingReal EstateRental
badNo H1Bnote
Hiring Manager
Alexis Harris
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Responsibilities

Underwrite loans in accordance with Merchants’ guidelines. Responsibilities will include:
Review and reconcile loan applications to ensure the loan meets program requirements
Analysis of loan application, credit profile/report(s), background reports, financial statements, leverage ratios, appraisal reports, renovation budgets, entity documents, purchase agreements, borrower experience, collateral, and supporting documentation
Manage an ongoing pipeline of loans through the Merchant’s loan origination process
Report on the status of loans within the pipeline on a regular basis
Communicate effectively with Loan Originators, Underwriters, and the Credit Committee
Present loans to the Credit Committee for exceptions, escalations, and approval
Condition files for missing/supporting documentation according to Merchants’ guidelines
Perform a preliminary review of all underwriting documents, including third-party reports
Collect, analyze, and approve all required due diligence
Perform property and market assessments to evaluate property conditions and market/submarket dynamics
Communicate and document the reasons for approving or rejecting loans so that clients and loan officers are well-informed about the decisions made
Mentor and train junior staff

Qualification

Mortgage underwriting experienceCommercial loan underwritingInstitutional lending experiencePipeline management skillsMicrosoft Excel proficiencyInterpersonal skillsWritten communication skillsVerbal communication skills

Required

Bachelor's degree required
Minimum 5 years of mortgage underwriting experience. Strong preference for experience with underwriting commercial and business purpose loans
Effective pipeline management skills
Proven track record of taking ownership and successfully delivering results in a fast-paced, dynamic environment
Exceptional interpersonal, written, and verbal communication skills
Proficient in Microsoft Office, especially in Excel and Word
Must be authorized to work in the US
Must be available to work in the office as required by management

Preferred

Experience with institutional lending and secondary market loan trading preferred

Company

Merchants Mortgage & Trust Corporation

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MMTC is a real estate lender that offers commercial property loans, construction loans, and rental loans.
dateFounded in 1961
location
Greenwood Village, Colorado, USA
people-size51-200 employees
web-link
https://merchantsmtg.com/

Funding

Current Stage
Growth Stage
Total Funding
unknown
2022-01-20Acquired
Company data provided by crunchbase