Underwriter/Credit Analyst - LendingOne

LendingOne is a direct private lender for Real Estate professionals headquartered in Boca Raton, FL with additional offices in North Carolina & New York. LendingOne made the Inc. 500 list of the fastest-growing private companies in America in 2019. Along with being rated one of the Top Workplaces in 2024 - for the third consecutive year - by Sun Sentinel!

We specialize in providing business-purpose mortgage loans for non-owner-occupied investment properties. We offer fix/flip bridge loans and long-term rental financing. Not a broker nor a bank, but a fully funded lending partner that can close consistently. LendingOne and its affiliates have extensive real estate experience and have provided over $5 Billion in real estate capital.

We are not your typical corporate environment. We focus on providing excellent client service, a professional approach, and true reliability.

At LendingOne, we view our people as the backbone of our success. We hire for character and ambition and believe in providing a platform to our employees that cultivates an environment of mutual trust, respect, and benefit.

Position Overview:

We are seeking an experienced and detail-oriented Credit Analyst/Underwriter to join our Operations team located in our Headquarters in Boca Raton, FL. Reporting directly to the Underwriting Manager, this role focuses on underwriting investment properties and requires a minimum of 3 years in underwriting, specifically within real estate investment. The successful candidate will demonstrate a strong ability to review financial documents, analyze creditworthiness, and communicate effectively with internal sales teams.

This is a full-time employment opportunity working in our Boca Raton Headquarters Office.

Requirements

Qualifications:

The following list of qualifications and responsibilities is not all inclusive, as each employee is expected to be a team player and may be assigned other tasks as necessary. This is meant to serve as an overview of the position description:

Required Skills:

• Minimum of 3 years in underwriting, with experience working in a team & matrix environment.
• High attention to detail and proficiency when reviewing and analyzing financial documents, creditworthiness, and borrower qualifications for financing.
• Strong critical thinking skills with a natural inclination to question inconsistencies & propose alternative approaches, enabling effective risk assessment and issue identification.
• Excellent verbal and written communication skills, with comfort and professionalism in communicating over the phone with necessary team members of various departments.
• Organizational abilities to manage multiple projects and meet deadlines with timely follow up.
• Positive attitude with the ability to thrive in a fast-paced environment.
• Ability to self-manage workflow effectively while meeting productivity and turnaround time expectations aligned with organizational & departmental goals.

Preferred Skills:

• Minimum of 2 years manual underwriting experience
• Experience underwriting DSCR, Fix & Flip, and New Construction loans.
• Bachelor’s and/or Associate’s Degree in Finance, Business, Economics, or a related field.
• Tech savvy, innovative with strong computer skills.

Responsibilities:

• Perform comprehensive credit analysis and underwriting on all business purpose loans, including the full assessment of borrowers and properties. This includes evaluating acquisition costs, renovation plans, rental income, market conditions, and loan terms.
• Assess applicant financials, analyze creditworthiness, and determine financing qualifications. Investigate variances on financial statements and verify market comparables for rental and property values.
• Identify potential risks associated with both the borrower and property. Recommend alternative financing terms when necessary, considering specific loan conditions and potential risks.
• Create concise summary reports that include both quantitative and qualitative evaluations of the loan application, property, and borrower. Clearly communicate underwriting decisions and rationale with internal teams, particularly the Sales team.
• Issue final underwriting approval with detailed terms once requirements are met. Ensure all necessary communications and documentation are completed in a timely manner.
• Review appraisal analysis to determine that acceptable standards are met.
• Maintain productivity level and turn times as established by management. Prioritizes the underwriting caseload to meet various deadlines.
• Business relationship management skills and the ability to understand and anticipate the needs of respective business stakeholders

Benefits

We Offer:

• Competitive salary depending on experience

• Training and career development with growth opportunities
• Comprehensive benefits package
• Company matching 401(k) Plan
• Casual work environment