Casa Lending · 5 hours ago
Underwriter
Cleveland, OH
Full-time
Onsite
Mid LevelCasa Lending is one of the fastest-growing private money lending firms in the United States. As an Underwriter, you will manage the underwriting and closing pipelines, evaluate credit risk, and ensure timely loan reviews and approvals while minimizing risk and maximizing loan recovery.
Financial ServicesFinTechLendingMortgageReal EstateReal Estate BrokerageReal Estate Investment
Responsibilities
Pipeline Management: Support the efficient management of both the underwriting and closing pipelines, ensuring timely desk underwrites and successful loan closings, measured by the number and dollar value of completed loans
Property Valuation: Utilize various resources, including public records, Zillow, Redfin, Realtor, and Trulia, to analyze comparable sales data and determine accurate property values (as-is and after-repair value)
Risk Mitigation: Follow standard procedures to mitigate risks and improve the likelihood of principal recovery by:• Developing a comprehensive analysis of project risks for each new loan. • Reviewing borrower-related documentation (e.g., credit reports, liquidity statements) to ensure alignment with established criteria. • Judging borrowers' creditworthiness based on thorough analysis of associated risks. • Collaborating with the production team to develop terms and pricing for pre-qualified loans. • Clearly presenting feedback and recommendations on funding decisions, supported by data. • Reviewing loan structure to define conditions that align with valuation and established criteria
Documentation and Compliance: Assist the loan production team by ensuring all necessary documents are collected for properties associated with loans
Third-Party Coordination: Work with third-party appraisal firms when discrepancies in valuation methods arise
Policy Exceptions: Identify, review, and approve or reject policy exceptions and material issues, escalating to management when required
Due Diligence: Complete property-related research in unique situations and document clear notes on findings during the due diligence process
Delegated Work: Take on larger portions of delegated work assignments, including more complex loan scenarios
Team Support: Assist team leads and managers in hiring, training, and onboarding new Real Estate Analysts
Process Improvement: Serve as a curator for ideas to enhance operational efficiency, delivery, and employee experiences
Qualification
Required
Detail-Oriented: You have an eye for precision and ensure that all loan-related documentation and processes are handled accurately
Risk Management: A strong focus on risk, developing strategies to mitigate it while ensuring the timely closing of loans
Team Player: Collaborative mindset, working with multiple teams to ensure smooth operations and loan progression
Proactive: You take initiative and work independently to solve complex loan scenarios and improve workflows
Adaptability: Take on additional responsibilities as needed, with job duties subject to change
Benefits
Innovative Environment: Be part of a forward-thinking company at the forefront of the construction finance industry, with access to cutting-edge technology and resources.
Work Flexibility: Enjoy a flexible work environment that allows you to balance professional success with your personal life.
National Impact: Join a nationwide operation making a significant impact on real estate development and home building across the U.S.
Health Insurance: Builders Capital pays 100% of your medical insurance premiums, offering both PPO and HSA plans.
Competitive Compensation: We offer competitive salaries that reflect your expertise and contributions.
Paid Time Off: Take time to recharge with 3 weeks of paid time off each year.
Paid Holidays: Enjoy 10 paid holidays annually to spend quality time with family, friends, or on personal interests.
Company
Casa Lending
Casa Lending offers real estate investors fix-and-flip, new construction, DSCR rental, and multifamily financing solutions.
Founded in 2024
11-50 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase