Underwriter

Casa Lending is looking for an Underwriter to join our team. In this role, you will provide superior borrower experience while maintaining the well-being of our active loan portfolio. As an Underwriter, your focus will be on DSCR (Debt Service Coverage Ratio) loans, assessing the risk, creditworthiness, and financial viability of loan applicants to ensure that all loans meet continuously refined underwriting guidelines and industry standards. You will work closely with sales teams and transaction coordinators to provide timely, accurate loan decisions that align with Casa Lending's commitment to excellence and innovation in lending.
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.
What You'll Do:

• Perform in-depth analysis on business purpose DSCR loan applications, evaluating both the financial viability of the borrowing entity and the qualifications of the personal guarantor. Assess property cash flow, rental income, operating expenses, market trends, and other relevant factors to determine the overall risk and ability to repay.
• Review and analyze all required documentation, including the loan application, borrowing entity documentation (such as operating agreements and financial statements) and personal guarantor documents (such as credit reports, background checks, identification, and financial statements). Ensure all information aligns with underwriting guidelines for business purpose loans.
• Verify that all loans comply with internal policies, state and federal regulations, and industry guidelines. Confirm that DSCR criteria, property types, borrowing entity structures, and credit standards are met. Make informed decisions to approve or decline loan applications, issuing conditional approvals and requesting additional documentation as necessary.
• Work closely with transaction coordinators, sales teams, and brokers to facilitate the timely collection and submission of required documents from both the borrowing entity and personal guarantors. Communicate loan conditions clearly to ensure efficient loan processing.
• Provide expert guidance on structuring business purpose loans to balance risk and opportunity, considering the risk profile of the borrowing entity & guarantors, market conditions, and borrower needs.
• Stay informed about relevant market trends, industry developments, and regulatory updates that impact business purpose loans and DSCR underwriting practices.
• Engage in ongoing process improvement efforts, contributing to the development of more efficient underwriting workflows and best practices tailored to business purpose loans.
• Track and analyze key performance indicators (KPIs) related to post-closing and lock desk functions, recommending adjustments to improve turnaround times and customer satisfaction.

Requirements

• Education: Bachelor's degree in finance, business, or related field.
• Minimum of 2 years of experience in underwriting, with business purpose loans, specifically DSCR loans or real estate investment loans preferred.
• Deep knowledge of loan structuring, risk assessment, and mitigation strategies for business purpose loans, including a solid understanding of DSCR calculations, rental income analysis, and market trend evaluation.
• Proven ability to manage a high volume of complex loan files while maintaining accuracy, attention to detail, and meeting strict deadlines.
• Excellent analytical skills, with a track record of making sound underwriting decisions based on comprehensive risk assessment and credit analysis.
• Strong communication and interpersonal skills to effectively collaborate with internal and external stakeholders, ensuring clear and timely communication of loan conditions and requirements.
• Highly organized and detail-oriented, with the ability to thrive in a fast-paced, dynamic environment.
• Commitment to maintaining the highest standards of integrity, confidentiality, and regulatory compliance.

Benefits
At Casa Lending, we believe in taking care of our team. Here's a sneak peek at the benefits that come with joining us:

• Innovative Environment : Join 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 where you can balance team leadership with your personal life.
• National Impact : Be part of a nationwide operation that's shaping the future of construction financing and making a difference for builders, developers, and homeowners across the U.S.
• Health Insurance - We've got you covered! Casa Lending pays 100% of your medical insurance premiums to keep you healthy and stress-free, offering a PPO and HSA plans.
• Health Savings Account (HSA) - We contribute annually into your HSA account (prorated from your hire date) and for those the select our HSA plan.
• Competitive Compensation - We offer competitive wages that reward your expertise and hard work.
• Paid Time Off - Take time to recharge with 3 weeks of paid time off each year.
• Paid Holidays - Enjoy 10 paid holidays throughout the year so you can spend quality time with family, friends, or doing whatever you love.

We're here to support you both professionally and personally-because when you thrive, we all thrive.
Casa Lending is an Equal Opportunity Employers (EEO) and welcome all qualified applicants. This is a full-time, exempt position. The job description contained herein is not intended to be a comprehensive list of the duties and responsibilities of the position, which may change without notice.