Commercial Mortgage Underwriter

Lakewood, NJ

$150,000 - $200,000

Responsibilities:

• Analyze and evaluate commercial mortgage loan applications, including financial statements, tax returns, property appraisals, and credit reports.
• Assess the creditworthiness of borrowers and the potential risk associated with each loan application.
• Verify all information provided in the loan application and request additional documentation as needed.
• Perform in-depth financial analysis of the proposed property, considering factors like market value, rental income, and operating expenses.
• Structure loan terms, including interest rates, loan amounts, and repayment schedules, based on underwriting guidelines and risk assessment.
• Prepare detailed reports with recommendations for loan approval, denial, or modification.
• Collaborate with loan originators, loan processors, and closing teams to ensure a smooth loan approval process.
• Stay up-to-date on commercial lending regulations, underwriting guidelines, and industry best practices.

Qualifications:

• Bachelor's degree in Finance, Accounting, Real Estate, or a related field (preferred).
• Minimum of 3-5 years of experience in commercial mortgage underwriting or a similar financial analysis role.
• Strong analytical and problem-solving skills with a keen eye for detail.
• Excellent understanding of commercial real estate finance principles and loan structures.
• Proficient in financial modeling and commercial real estate valuation techniques.
• Strong communication and interpersonal skills to effectively communicate complex financial information to various stakeholders.
• Ability to work independently and manage a high workload in a fast-paced environment.
• Proficiency in Microsoft Office Suite and commercial loan underwriting software (a plus).