Ascent Developer Solutions · 15 hours ago
Construction Underwriter
Encino, CA
Full-time
Hybrid
Mid Level
$85K/yr - $100K/yr
3+ years expAscent Developer Solutions is a leading private lending platform, serving real estate developers nationwide in the acquisition, renovation, and construction of residential real estate. The Construction Underwriter plays a pivotal role in evaluating construction loan applications by analyzing financial data and conducting risk assessments to ensure sound lending decisions.
Financial ServicesReal Estate Investment
Responsibilities
Assess project feasibility, risk factors, and the borrowers’ creditworthiness, applying Company underwriting guidelines to recommend an appropriate level of loan approval
Prepare comprehensive underwriting documentation, including risk assessments, loan conditions, and recommendations for loan approval or denial
Conduct site visits as necessary to assess project progress and ensure compliance with loan conditions
Contribute to decision-making for projects ranging in value from $3 million to $20 million, ensuring they meet stringent financial, regulatory, and investment criteria
Provide strategic insights that drive the company's growth and enhance its competitiveness in the market, ensuring cost-effectiveness and operational excellence. Stay informed about market trends, construction costs, and regulatory changes affecting the construction and banking industries
Translate complex project data into actionable financial insights to guide investment decisions and prioritize projects effectively
Consult with Loan Officers to package appropriate solutions to meet the needs of the borrower while ensuring profitable outcomes for Ascent
Work closely with relationship managers, borrowers, regulatory bodies, and internal and external partners to gather necessary information and address any concerns or questions
Monitor the performance of the construction loan portfolio, identifying and addressing any emerging risks or issues
Provide regular reports and updates to senior management on the status of construction loans and the overall health of the construction loan portfolio
Develop sophisticated financial models and conduct detailed risk analysis to support the evaluation, planning, and expansion of large-scale projects
Review portfolio reporting mechanisms to improve decision-making and accountability in asset performance
Advocate and support the integration of innovative digital solutions that optimize business processes and workflows, system functionality, and user experience
Demonstrate high ethical standards and professionalism when handling significant financial transactions and sensitive information
Qualification
Required
BA/BS in construction management, finance, business, real estate, or a related field, or equivalent practical experience in construction management, financial analysis and project financing
3+ years of underwriting or risk assessment experience in construction lending within the banking industry
Advanced knowledge of financial modeling techniques, and tools like Excel and financial software platforms
Experience communicating and collaborating with internal and external stakeholders
Proficiency in relevant software such as construction management software (e.g., TrustPoint, Procore), and general office software (e.g., Microsoft Office Suite)
Strong analytical and decision-making abilities
Experience successfully multi-tasking and prioritizing work
Experience consistently meeting deadlines in a fast-paced environment
Benefits
Five health plans
Two dental plans
Health savings and flexible spending accounts
Vision coverage
A 401(k) plan
Other optional benefits from which to choose
Company
Ascent Developer Solutions
AscentDS is a private loan and institutional debt platform that provides tailored financing solutions.
51-200 employees
Funding
Current Stage
Growth StageTotal Funding
unknownKey Investors
Elliott Management Corp.
2024-07-19Private Equity
Leadership Team
Robert Wasmund
Founder & CEO
David hada
Chief Financial Officer
Recent News
2026-01-20
2025-11-11
Company data provided by crunchbase