Underwriter/Credit Analyst - LendingOne

LendingOne is a direct private lender for Real Estate professionals headquartered in Boca Raton, FL with an additional office in Charlotte, NC. 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 2022 and 2023 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 $4 Billion in real estate capital.

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 looking for an experienced and technology-focused professional to join our team. This person will work on our Operations team, report to the Underwriting Team Manager and will focus primarily on underwriting investment properties. To successfully occupy this role, you must be very detail oriented and have the ability to work in an extremely robust environment. The Credit Analyst/Underwriter is responsible for underwriting complex commercial real estate loans with minimal supervision, they will evaluate real estate loan opportunities by analyzing cost to acquire, potential renovations, property cash flows, rent rolls, general market conditions, and corresponding loan terms.

This is a full-time employment opportunity working in our Headquarters office in Boca Raton, FL.

Requirements

Qualifications:

In order to perform this job successfully, an individual must be able to perform each essential duty satisfactorily. 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: 

• Minimum 2-3 years of demonstrated successful operational experience as an underwriter with a specific focus in real estate investment properties
• Bachelor’s degree required; focus on finance, business or economics preferred
• Positive attitude, extremely organized, excellent communication skills and self-motivated
• Strong computer skills, high rate of literacy and ambition to learn
• Extremely proficient in Microsoft office, including Word and Excel
• Attention to detail coupled with high demands
• Strong organization skills with the ability to self-manage time and workflow to meet deadlines
• Ability to manage multiple projects at one time
• Displays natural skepticism and curiosity to question the status quo and uncover issues

Responsibilities:

• Perform a full underwrite on all commercial loans – including underwriting the borrower and the property

• Perform credit analysis – review financial documents to analyze credit, determining qualifications for potential financing
• Consider various properties owned by investor when appropriate, understand experience and performance of other investments
• Identify potential risks – associated with either borrower or property, the Underwriter/Credit Analyst will determine if the risk is too high or if alternative financing/rates and terms are more appropriate based on specific conditions of the loan
• Property underwriting includes evaluating cost to acquire, any potential plans to renovate property, current rents, potential expected increases in rents etc.
• Create summary reports – summarize loan applications and credit analysis in one concise report which will include quantitative and qualitative evaluation of the loan – property, borrower, advantages and potential risks to consider
• Investigate variances on applicant’s financial statements if and when necessary
• Verify market comparable for both rental values as well as property sale values
• Review appraisal analysis to determine that acceptable standards are met
• Once approved, issue updated final underwriting approval with terms and ensure proper communication takes place internally
• 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

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

LendingOne is an Equal Employment Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, national origin, gender, age, religion, disability, sexual orientation, veteran status, or marital status.