# Underwriter

**Company:** [Builders Capital Exchange](http://jobs.workable.com/companies/a1hmHhRgpVxJEcZT5gCtqq.md)
**Location:** Cleveland, United States
**Workplace:** hybrid
**Employment type:** Full-time
**Department:** Casa Lending

[Apply for this job](http://jobs.workable.com/view/31afcde6-a503-4280-8089-66b5c86374b0)

## Description

**Casa Lending** is one of the fastest-growing private money lending firms in the United States. Our mission is to help real estate investors profitably scale their business by offering a best-in-class suite of loan products and leveraging top talent. As a Underwriter, you’ll play a crucial role in ensuring the efficient management of underwriting and closing pipelines while minimizing risk and maximizing loan recovery. Your responsibilities will include:

At Casa Lending, we pride ourselves on providing an exceptional borrower experience and maintaining healthy loan performance. As an **Underwriter**, you’ll play a critical role in loan closings by ensuring timely and accurate loan reviews and approvals. You’ll become an expert in evaluating credit risk and determining property valuations. We’re looking for detail-oriented, proactive professionals who excel in fast-paced environments while managing risk effectively.

**What You’ll Do:**

-   **Pipeline Management**: Support the efficient management of both the underwriting and closing pipelines, ensuring timely desk underwrites and successful loan closings, measured by the number and dollar value of completed loans.
-   **Property Valuation**: Utilize various resources, including public records, Zillow, Redfin, Realtor, and Trulia, to analyze comparable sales data and determine accurate property values (as-is and after-repair value).
-   **Risk Mitigation**: Follow standard procedures to mitigate risks and improve the likelihood of principal recovery by:

-   Developing a comprehensive analysis of project risks for each new loan.
-   Reviewing borrower-related documentation (e.g., credit reports, liquidity statements) to ensure alignment with established criteria.
-   Judging borrowers' creditworthiness based on thorough analysis of associated risks.
-   Collaborating with the production team to develop terms and pricing for pre-qualified loans.
-   Clearly presenting feedback and recommendations on funding decisions, supported by data.
-   Reviewing loan structure to define conditions that align with valuation and established criteria.

-   **Documentation and Compliance**: Assist the loan production team by ensuring all necessary documents are collected for properties associated with loans.

-   **Third-Party Coordination**: Work with third-party appraisal firms when discrepancies in valuation methods arise.
-   **Policy Exceptions**: Identify, review, and approve or reject policy exceptions and material issues, escalating to management when required.
-   **Due Diligence**: Complete property-related research in unique situations and document clear notes on findings during the due diligence process.
-   **Delegated Work**: Take on larger portions of delegated work assignments, including more complex loan scenarios.
-   **Team Support**: Assist team leads and managers in hiring, training, and onboarding new Real Estate Analysts.
-   **Process Improvement**: Serve as a curator for ideas to enhance operational efficiency, delivery, and employee experiences.

## Requirements

-   **Detail-Oriented**: You have an eye for precision and ensure that all loan-related documentation and processes are handled accurately.
-   **Risk Management**: A strong focus on risk, developing strategies to mitigate it while ensuring the timely closing of loans.
-   **Team Player**: Collaborative mindset, working with multiple teams to ensure smooth operations and loan progression.
-   **Proactive**: You take initiative and work independently to solve complex loan scenarios and improve workflows.
-   **Adaptability**: Take on additional responsibilities as needed, with job duties subject to change.

## Benefits

-   **Innovative Environment**: Be part of a forward-thinking company at the forefront of the construction finance industry, with access to cutting-edge technology and resources.
-   **Work Flexibility**: Enjoy a flexible work environment that allows you to balance professional success with your personal life.
-   **National Impact**: Join a nationwide operation making a significant impact on real estate development and home building across the U.S.
-   **Health Insurance**: Casa Lending pays 100% of your medical insurance premiums, offering both PPO and HSA plans.
-   **Competitive Compensation**: We offer competitive salaries that reflect your expertise and contributions.
-   **Paid Time Off**: Take time to recharge with 3 weeks of paid time off each year.
-   **Paid Holidays**: Enjoy 10 paid holidays annually to spend quality time with family, friends, or on personal interests.

The total compensation for this role ranges from $65,000 - $75,000 annually, depending on experience and qualifications. 

At Casa Lending, we support you professionally and personally—because when you thrive, we all thrive.

**Casa Lending is an Equal Opportunity Employer (EEO)** and welcomes all qualified applicants. This is a full-time, exempt position. The job description is not intended to be an exhaustive list of duties and responsibilities and may be modified as needed.