Job Description
**Jr. Asset Underwriter**
**Job Overview:**
We are seeking a detail-oriented and motivated **Jr. Asset Underwriter** to join our team. This role operates within the express swim lane process and requires a strong understanding of risk management beyond just applying data to a set of guidelines. The ideal candidate will be comfortable analyzing and forming opinions on loans both verbally and in writing. This dual role combines processing and underwriting for a subset of non-complex loans.
As a Jr. Asset Underwriter, you will manage a high-volume loan pipeline while collaborating with internal teams and third-party vendors—including escrow, title, and insurance—to ensure loans close on time and in compliance. If you thrive in a fast-paced environment and have a keen eye for risk assessment, we encourage you to apply.
**Key Responsibilities:**
- Oversee and manage a high-volume loan pipeline, ensuring timely and compliant loan closures.
- Coordinate with third-party vendors to place and track orders within designated SLAs.
- Conduct quality control on all received documents and maintain accurate records in the internal loan processing system.
- Review and verify transactional documents such as title commitments, purchase contracts, escrow instructions, deeds, and closing statements. Familiarity with non-traditional transactions like double escrows and auction purchases is a plus.
- Assess documentation related to Bridge, Renovation, and Ground-Up Construction loans, including budgets, permits, and certificates of occupancy.
- Identify and set conditions required for loan funding in accordance with underwriting guidelines.
- Analyze loan metrics, ratios, and percentages to understand their impact on asset credit ratings.
- Coordinate with title companies and third parties to resolve lien-related issues.
- Prepare and submit complete loan files for final underwriting review.
- Maintain and update internal loan processing systems with essential data and documentation.
- Act as a liaison between sales, underwriting, borrowers, and closing agents to facilitate seamless loan closings.
- Review and ensure all prior-to-doc, prior-to-funding, and post-closing conditions meet underwriting policies.
- Apply analytical thinking and problem-solving skills to resolve issues that may not have predefined solutions.
- Manage high-pressure situations near funding deadlines while maintaining clear communication.
- Provide excellent customer service before, during, and after loan closings.
**Qualifications & Experience:**
- High school diploma or equivalent required; Bachelor's degree preferred.
- 5-7 years of experience in mortgage loan processing OR 2-3 years in underwriting/credit analysis within a commercial banking setting.
- Experience in private money lending, underwriting, or construction finance is a plus.
- Strong understanding of underwriting and loan funding processes.
- Proficiency in Microsoft Word and Excel.
- Strong interpersonal, communication, and follow-through skills.
- Ability to handle complex issues requiring logical decision-making and sound judgment.
- Comfortable working in a fast-paced environment and adapting to change.
- Strong attention to detail, organizational skills, and ability to multitask effectively.
- Excellent problem-solving and critical-thinking abilities.
- Willingness to work overtime as needed.
- Self-motivated with the ability to take ownership of the loan pipeline without constant oversight.
**Additional Information:**
This is an **on-site** position, as certain responsibilities require in-person collaboration, oversight, and training. Candidates must be willing to work in an office setting.
**Equal Employment Opportunity:**
We are committed to fostering a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or veteran status.
If you're looking to grow your career in asset underwriting and want to be part of a collaborative and dynamic team, we'd love to hear from you!
Employment Type: Full-Time
Salary: $ 28.00 36.00 Per Hour
Job Tags
Hourly pay, Full time, Work at office,