PROLE TITLE Underwriter
ROLE TYPE Full-time Salaried Employee
LOCATION Remote Position (HQ: Aventura, FL) (Ideally looking for someone in the area) SALARY/HOURLY RATE Base of $50,000 -$80,000 depending on experience, with quarterly or mid-year performance ratings for bonuses.
BENEFITS None at this moment, something they are exploring in 6 months.
ABOUT COMPANY family-operated and family-funded licensed private lender in Downtown Miami.
COMPANY CULTURE Performance Based
Client Driven Fast Paced
RESPONSIBILITIES Loan Application Review: Review loan applications and conduct thorough financial assessments. Risk Analysis: Analyze various factors such as health, financial stability, past claims, market conditions, and other relevant information to determine the level of risk. Financial Document Analysis: Analyze financial documents and verify accuracy. Creditworthiness Evaluation: Evaluate applicant creditworthiness and assess default risk. Collaboration: Collaborate with the origination team to ensure loan packages are complete and accurate. Regulatory Compliance: Ensure that all policies or investments comply with regulatory requirements and internal guidelines. Stay updated on industry regulations to ensure all transactions meet legal and ethical standards. Third-Party Coordination: Work with third-party providers to gather necessary reports and due diligence items. Stakeholder Communication: Communicate effectively with borrowers, brokers, and other stakeholders. Knowledge Maintenance: Maintain knowledge of underwriting criteria and loan compliance regulations.
QUALIFICATIONS Bachelor's Degree at a minimum. Minimum of 3-4 years in underwriting, with a proven track record of successful underwriting. High level of attention to detail. Ability to work both independently and collaboratively in a fast-paced environment. Strong communication skills with the ability to convey complex information clearly. Excellent organizational skills. Sound knowledge of finance and the real estate industry, proficient understanding of underwriting criteria and loan compliance. Ensure all transactions comply with regulatory requirements and internal guidelines.
DAY TO DAY Perform loan application reviews following verbal and/or written instructions. Coordinate with the origination team for loan package setup and maintenance. Maintain loan application records and ensure all tasks are completed efficiently and accurately.
CHALLENGES Maintaining precision and quality under tight deadlines. Managing various underwriting tasks simultaneously. Adapting to different financial scenarios and regulatory requirements.
REPORTING STRUCTURE Report directly to the CFO TEAM Managing Partner, CFO, 2 underwriters, 2 business developments, A couple of originators
GROWTH Could grow their team under them
Job Type: Full-time
Pay: $50,000.00 - $80,000.00 per year
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Schedule:
Education:
Experience:
- Underwriting: 4 years (Required)
- Mortgage servicing: 4 years (Required)
- Loan origination: 4 years (Required)
- Loan processing: 4 years (Required)
Shift availability:
Ability to Relocate:
- Aventura, FL: Relocate before starting work (Required)
Work Location: In person