BPL Underwriter – Valere Commercial

🕒 May 26

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CrossCountry Mortgage, LLC

WebsiteLinkedInAll Job Openings

5001 - 10000 employees

💸 Finance

💰 $400M Debt Financing on 2021-11

Finance

CrossCountry Mortgage, LLC is one of America’s leading retail mortgage lenders, providing a range of mortgage solutions for homebuyers, homeowners looking to refinance, and those seeking home equity loans. They offer a comprehensive suite of services including home purchase loans, mortgage refinancing, and home equity lines of credit (HELOC). The company prides itself on helping clients navigate the home buying process with ease, whether they are first-time buyers or seasoned investors. Known for their competitive interest rates and efficient loan processing, CrossCountry Mortgage aims to support their clients in achieving their home ownership and financial goals.

📋 Description

• Lead the underwriting process while managing deal timelines, developing credit recommendations, and ensuring compliance with company policies. • Work directly with production teams to develop loan structures that will meet clients’ financial objectives; develop and maintain strong relationships with production and closing departments. • Prepare underwriting narratives and independent cash flow estimates, focusing on large, complex transactions, including multifamily, senior bridge and construction loan deals. • Evaluate the market competitiveness of the proposed collateral and determine the economic feasibility of transactions; conduct detailed economic and market research. • Model and review cash flows, financial statements, and analyze property valuations. • Review third party reports from vendors such as appraisers, surveyors, and engineers to ensure compliance with all requirements. • Collaborate with loan officers, loan closers, and legal counsel to move loan requests through the approval and closing process. • Conduct and participate in customer meetings and conference calls. • Present recommendations to the appropriate levels, including all key documentation. (term sheets, applications, commitments, credit memos, etc.) • Crosstrain across Valere’s various products and exit strategies to cultivate ability to underwrite a variety of deal types.

🎯 Requirements

• Bachelor’s Degree in Statistics, Business, Finance, Accounting or Economics, preferred. • 5+ years of experience underwriting Single, Multifamily and Commercial Real Estate Loans; experience with building or utilizing cash flow model technologies, preferred. • Completion of a formal commercial loan underwriting training program (Ex. Omega), preferred. • Experienced in high-volume environments, efficiently managing assignments to consistently meet deadlines. • Skilled in prioritizing tasks and avoiding distractions to meet deadlines without direct supervision in a remote work environment. • Experience with Moody’s Credit Lens, preferred. • Advanced knowledge of commercial real estate underwriting, including the development of cash flow forecasts and pricing metrics. • Excellent oral and written communication skills. • Proficient in Microsoft Office Suite. • Ability to travel as needed to execute the expectations of the role.

🏖️ Benefits

• medical • dental • vision • 401K • short-term disability • employee assistance program • wellness program