Commercial Underwriter

• Analyze borrower and guarantor financials, including tax returns, income statements, balance sheets, cash flow statements, and projections, with a focus on small balance commercial transactions.
• Assess borrower and guarantor creditworthiness using credit reports, third-party data, and relevant industry benchmarks.
• Evaluate real estate collateral by reviewing appraisals, environmental reports, market studies, rent rolls, operating statements, and title documentation to identify and mitigate risk.
• Structure and recommend loan terms and conditions, including pricing, leverage, and covenants, that appropriately balance risk and business objectives.
• Exercise sound judgment in nuanced or gray-area credit decisions common in SBC lending, clearly articulating rationale and mitigating factors.
• Prepare clear, well-documented underwriting narratives and credit memoranda that accurately reflect risk analysis, conclusions, and recommendations.
• Maintain accurate, complete, and timely records in the loan origination system (LOS) and CRM.
• Ensure underwriting decisions comply with internal credit policies, regulatory requirements, and fair lending standards.
• Collaborate with sales, operations, closing, and third-party vendors to obtain required information and support an efficient end-to-end loan process.
• Contribute toward quarterly production goals and participate in periodic pipeline, production, and credit review meetings.
• Participate in weekly one-on-one meetings and broader underwriting and production initiatives.
• Perform other duties and responsibilities as assigned by management.

• Demonstrated experience underwriting Small Balance Commercial Real Estate loans; investor residential or DSCR experience is a plus but not a substitute.
• Strong ability to interpret complex financial statements and layered credit profiles typical of SBC transactions.
• Solid understanding of commercial property types, borrower structures, guarantor analysis, and cash-flow-based underwriting.
• High attention to detail with strong analytical, organizational, and critical-thinking skills.
• Ability to work independently while collaborating effectively with cross-functional teams.
• Comfort operating in a growth-oriented, entrepreneurial environment with evolving processes and priorities.

• Bachelor’s degree in Finance, Accounting, Real Estate, Economics, Business Administration, or a related field preferred.
• An equivalent combination of education and directly relevant underwriting experience may be considered in lieu of a degree.

• Minimum of 3 to 5 years of direct Small Balance Commercial Real Estate underwriting experience required.
• Proven experience independently underwriting, structuring, and decisioning SBC loans across common property types, including multifamily, mixed-use, retail, office, industrial, and special-purpose assets.
• Experience working within defined credit guidelines while applying sound judgment to nuanced or non-standard transactions.
• Prior experience in a private lender, non-bank lender, or bank commercial credit environment strongly preferred.
• Familiarity with loan origination systems (LOS), third-party reports, and credit memo preparation required.

Powered by JazzHR