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Real Estate Loan Underwriter

Company: Sharestates, INC
Location: Great Neck
Posted on: January 16, 2022

Job Description:

Real Estate Loan Underwriter (New York or Remote)What to ExpectWe're expanding the Lending Operations team at Sharestates to support our growth. As a result, we've identified a need for a Real Estate Loan Underwriter to join our team.The Real Estate Loan Underwriter is responsible for supporting the expected increase in loan origination volume. This position will report to the Director of Lending Operations.For this role, we are seeking a highly capable team member with a history of success in underwriting loans on SFR (1-4 units) and multi-family properties, who likes to work in a fast-paced atmosphere and has significant experience in an underwriting capacity with an investment, insurance, Fintech, or real estate firm.CultureAt Sharestates, our success is employee powered. Our trademark of a great company culture includes comfortable workspaces, professional/personal development, an authentically transparent and accessible leadership team, and genuine workplace friendships that make teams stronger. We support success by encouraging our employees to think like entrepreneurs. We champion diversity, inclusion, equity, and belonging, and we are always seeking new ways to amaze our clients. Success is celebrated and integrity is at the core of who we are at Sharestates.Making an ImpactYou will contribute to the overall success of the organization by working within our team to conduct loan level due diligence, ensuring each loan conforms to our underwriting guidelines and interacting with other areas of the firm including the sales, processing and closing teams.Other responsibilities may include:Issue updated final underwriting approval with terms and assign to legal team/attorneyDocument all activities in our system and provide improvement feedback as necessaryReview contingencies and underwrite rehabilitation and construction budgetsCarry out requisite loan calculations (LTV, LTC, ARV, DSCR, DTI, etc.)Verify market comparable for both rental values as well as property sale valuesConduct appraisal analysis to determine acceptable collateral standards are metReview and approve third party reports including property appraisals, physical needs assessments, environmental reports, lease abstracts and others as required.Keep informed of current Secondary Market guidelinesMaintain productivity level and turn times as established by management.Who You AreYou have a desire to work/partner with the team and anticipate needsYou're highly adaptable and don't get rattled when direction and goals changeYou possess the ability to optimally interact with all levels of managementYou're able to maintain a high level of confidentialityYou demonstrate an exceptional ability to communicate, interact, and work effectively and cooperatively with a diverse teamYou have a strong understanding of accountability by taking ownership or your actions and choicesYou're open to new ideas, are willing to challenge yourself, and realize that we all bring different strengths to the tableYou are naturally able to forge long-lasting and positive relationships with existing clients and prospectsYou have the ability and judgment to seek clarification or assistance when neededIf this describes you, you might just be the Underwriter we're looking for!QualificationsNice-to-HavesBachelors degree2+ years in lending operations for real estate as an underwriterExperience in appraisal reviews or developing valuation on SFR and/or multi-family propertiesKnowledge of loan underwriting and related activitiesSuperb communications, organization, and interpersonal skillsHigh attention to detail and accuracyTechnical acumenBenefits26 days PTO"-- - -use them however you want!12 holidaysCompetitive health plan, including dental, and vision plan401K with up to 4% company matchLearning and development opportunitiesA knowledgeable, high-achieving, experienced teamScheduleMust be available Monday - Friday 9 - 5:30 PM (must be available EST)This position is full-time On-site/Remote or HybridAbout SharestatesSharestates is one of the fastest-growing national private lenders focused on non-owner-occupied residential and commercial properties. The company creates customized lending solutions for real estate investors and developers. Sharestates has successfully funded over $3 billion in projects nationwide and has the broadest loan programs available in the market with competitive pricing.Sharestates funds loans from $100k to $20mm on residential (SFR 1-4), multi-family, mixed-use, and commercial properties. Its loan programs include residential bridge, fix & flip, new construction, portfolio, and rental loans. As a partner to its developers, Sharestates manages the servicing of all loans it originates through successful repayment to ensure the needs of our developers are met throughout the loan lifecycle.Sharestates was founded by real estate veterans and its success is attributed to a strong leadership team, ease of use, sensible underwriting practices, and our relationship-focused lending strategy. Sharestates partners with direct borrowers and brokers.Sharestates is one of many related real estate businesses managed by the executive team that exists to accelerate the redevelopment of residential housing. Collectively, the unique capability of each related business allows Sharestates to provide an end-to-end solution for its customers. In doing so, it creates a more positive borrower experience, better controls credit risk, and successfully monitors the loan through its entire lifecycle.To learn more visit

Keywords: Sharestates, INC, New York , Real Estate Loan Underwriter, Other , Great Neck, New York

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