Lend Investors Capital · 1 week ago
Senior Credit Manager
United States
Full-time
Remote
Mid, Senior Level
3+ years expLend Investors Capital is seeking a Senior Business Purpose Credit Manager to join their team. The role involves underwriting mortgage loans, ensuring compliance with company guidelines, and collaborating with various stakeholders to facilitate loan processing.
Financial Services
Responsibilities
Completely Underwrite Business Purpose Rental & Short Term (Fix/Flip, Bridge, New Construction) mortgage loans in compliance with company credit guidelines & regulatory requirements
Review all loan terms, LTV/LTC, DSCR, assets, reserves, collateral, title, and insurance meet program guidelines
Review loan files & documentation for completeness, identify any missing documentation, and generate a condition list for all parties to the loan file: Borrower, Loan Processor, Business Partner, and Sales Reps
Collaborate with the Processor and Sales Rep. to address any credit, collateral, or qualifying challenges in a proactive & positive manner
Ensure all loan level data for the loan file is entered into the loan origination system and company pipeline management database timely & accurately
On an on-going basis, review and clear any conditions submitted for Credit review, and be diligent & responsible for reviewing and owning all loan file details prior to submission to Pre-Closing Audit
Collaborate with the Loan Processor, QC, and Loan Closer to ensure timely & complete hand-off of loan files deemed Clear-to-Close
Manage pipeline and prioritize to ensure loans close on time with a high degree of accuracy in a very tight deadline-oriented environment
Identify and report any suspected misrepresentation or fraudulent activity occurring on any transaction by providing all documents & supporting details to Credit Management immediately
Maintain current knowledge of all loan products and origination requirements by keeping updated of all company policies and procedures as well as federal and state regulatory changes by reviewing all updates and participating in in-house training events
Ensure adequacy and quality of the borrower and subject property collateral requirements by: Documenting the sources of funds, and reserves in accordance with the guidelines
Evaluate the security property by reviewing Collateral reports (Hybrid Valuations /Appraisals), Scope of Work, Project Feasibility reports, Environmental reports, Leases, and Property Insurance requirements
Thoroughly Review the Preliminary Title report, and other closing requirements
Approve all loans in accordance with the company published terms and conditions; provide a counter-offer, if the terms does do not comply with the company’s lending standards and/or guidelines; or if necessary prepare an adverse action/statement of denial
Ensure accuracy of Pricing, Loan Terms, Application details, Loan Approval terms, & conditions, loan disclosures and other required documentation
Review the borrower's entity documents to determine who are the members of the entity and who is authorized to sign the mortgage loan documents
Qualification
Required
Bachelor's Degree or relevant experience
Min. of 3-5 years mortgage underwriting experience with comprehensive knowledge of lending regulations, plus experience at analyzing for acceptance credit, collateral, title, and insurance
Proficient with mortgage lending software, and MS Office
Excellent communication skills, both written and verbal
Good multitasking abilities with outstanding time management skills
Excellent customer service skills
Open to learning new technology systems and a paperless environment
Ability to work in a team-oriented environment; and a commitment to providing exceptional customer service
Must take initiative and focus on achievement of position & company objectives
Preferred
Experience underwriting DSCR Rental, and Fix/Flip/Bridge/New Construction business purpose loans preferred
Benefits
Health Insurance – We’ve got you covered! Lend Investors Capital pays 100% of your medical insurance premiums to keep you healthy and stress-free, offering a PPO and HSA plans.
Competitive Compensation – We offer competitive wages that reward your expertise and hard work.
Paid Time Off – Take time to recharge with 3 weeks of paid time off each year.
Paid Holidays – Enjoy 10 paid holidays throughout the year so you can spend quality time with family, friends, or doing whatever you love.
Company
Lend Investors Capital
Lend Investors Capital is a nationwide private mortgage lender specializing in real estate investment financing.
11-50 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase