Kiavi · 2 hours ago
Underwriter, Construction
United States
Full-time
Remote
Mid Level
$74K/yr - $112K/yr
3+ years expKiavi is one of the nation’s largest private lenders to residential real estate investors, committed to helping revitalize U.S. housing stock. The Construction Lending Underwriter will evaluate and underwrite construction loan applications to assess risk and ensure compliance with lending practices.
Financial ServicesFinTechLendingReal EstateReal Estate Investment
Responsibilities
Perform financial analysis of borrowers and guarantors, including review of real estate schedules, financial statements, cash flow, and credit reports to assess financial stability and repayment capacity
Evaluate the proposed construction project's feasibility, including market analysis, cost projections, budget review, construction schedule, and comparable property sales/leasing data
Analyze and assess the experience and track record of the project team (developer, general contractor, and key subcontractors)
Determine appropriate loan structure, terms, and conditions, including loan-to-cost/value ratios, interest reserves, to mitigate identified risks
Review and incorporate internal and third-party reports, such as appraisals, environmental reports, engineering reports, and feasibility studies, into the credit analysis
Identify and clearly articulate key risks and mitigating factors in a detailed credit memorandum
Ensure all underwriting activities comply with internal credit policies, and loan procedures
Work with legal counsel, and closing teams to finalize loan documentation and ensure all pre-closing conditions are met
Review and recommend Borrower, Guarantor and Sponsor credit exposure requests are accurate and comply with department and company credit policies and procedures
Collaborate effectively with Builder Loan Officers, Builder Relationship Specialists and external parties (e.g., borrowers, brokers, appraisers)
Communicate lending decisions and any required conditions to stakeholders in a professional and timely manner
Qualification
Required
Bachelor's degree in Finance, Business Administration, Accounting, Economics, Real Estate, or a related field
3+ years of experience in real estate underwriting, with a specific focus on construction lending
In-depth knowledge of construction lending fundamentals, processes, terminology, and risk management best practices
Strong proficiency in analyzing complex business and personal financial statements and real estate schedules, and entity structures for sponsor and guarantor credit analysis
Excellent analytical, critical thinking, and decision-making skills
Strong written and verbal communication skills, with the ability to articulate complex financial concepts clearly and effectively
Proficiency in Google Workspace, Microsoft Office Suite (Excel, Word, PowerPoint) and relevant loan origination/underwriting software
Benefits
Medical, Dental, and Vision Insurance: Kiavi offers free employee-only coverage for medical, dental, and vision plans. Dependents receive a heavily discounted premium, competitively placed in the 90th percentile for cost.
Health Savings Account (HSA): For those enrolled in a High Deductible Health Plan (HDHP), Kiavi provides an annual employer contribution to HSAs: $1,000 for individual coverage and $2,000 for dependents.
Disability and Life Insurance: Immediate access to short-term and long-term disability insurance, as well as group life and AD&D insurance, with coverage at 1x annual salary.
Remote Work Policy: Kiavi supports working remotely for day to day activities for most roles and occasionally may ask employees to gather in person for key meetings, training, team building etc. For remote workers, Kiavi offers a one-time office setup reimbursement of up to $500 and a monthly $85 stipend for internet and phone expenses. For in-office workers, Kiavi offers employer contributions to commuter benefits account, either for parking or public transportation.
Flexible Time Off: Employees are empowered to manage their own time off, with no strict limits, as long as it's approved by their manager.
Paid Leaves: Up to 8 weeks of paid leave for medical or caregiver purposes, and 12 weeks of paid maternity/paternity leave. Short-term disability leave is also available for birthing mothers.
401(k) & Company Match: A 401(k) plan managed by Fidelity, with Kiavi matching 100% of contributions up to 3% of compensation or $8,000 (whichever is less). All employer contributions are immediately vested.
Company
Kiavi
Kiavi is a tech-enabled lender that provides residential real estate investors with financing solutions for property investments.
201-500 employees
H1B Sponsorship
Kiavi 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 (2)
2024 (1)
2023 (2)
2022 (2)
Funding
Current Stage
Late StageTotal Funding
$1.5BKey Investors
Benefit Street PartnersMoatableRibbit Capital
2025-08-26Debt Financing· $400M
2025-02-13Debt Financing· $300M
2024-10-16Debt Financing· $400M
Leadership Team
James Herbert
Co-Founder, Board Member
Tim Lawlor
Chief Financial Officer
Recent News
HousingWire.com
2025-12-18
2025-11-11
Company data provided by crunchbase