Real Estate Lending Underwriter – DSCR & Construction

SimpleMANAGE; Garden City South (NY); On-site; USD 110,000 - 140,000; Full time

Job summary

SimpleCREDIT, based in Garden City, NY, seeks experienced underwriters to join its lending platform. You will underwrite DSCR, bridge, ground-up construction, and blanket loans while evaluating sponsors and budgets. You will prepare credit memos and present recommendations in committee, coordinating with originations through closing.

Ideal candidates have 3–7 years of underwriting real estate loans, strong Excel-based modeling, and the ability to manage a multi-deal pipeline with growth mindset.

Responsibilities

• Underwrite DSCR, bridge, fix-and-flip, ground-up construction, and blanket loans across the affiliated lending platform
• Evaluate sponsor strength, liquidity, experience, and track record
• Analyze project budgets, construction timelines, and cost-to-complete risk
• Review appraisals, feasibility studies, rent rolls, and market fundamentals
• Assess exit strategy viability and market liquidity
• Structure transactions to balance risk and growth
• Prepare clear written credit memos and present recommendations in committee
• Partner with originations to improve deal quality without compromising standards
• Identify portfolio-level risk patterns and provide insight to leadership
• Manage the full underwriting lifecycle from initial review through credit approval and closing
• Coordinate with originations, processing, and closing teams on conditions and documentation
• Maintain accurate credit files and records in the loan origination system
• Contribute to guideline and policy refinement as the platform scales
• 3–7 years underwriting investment property or business-purpose real estate loans
• Direct experience with ground-up construction risk, blanket and portfolio loans, transitional real estate, and DSCR underwriting
• Working knowledge of LTC vs. LTV tradeoffs, construction draw risk, cost overruns and contingency analysis, debt yield, DSCR, and exit risk
• Demonstrated ability to evaluate sponsors beyond credit score
• Experience defending or presenting credit decisions in committee or leadership forums
• Proficiency with loan origination and underwriting platforms and Excel-based credit modeling
• Ability to manage a pipeline and work independently across multiple concurrent deals
• Experience with small-balance commercial, multifamily, or mixed-use assets a plus
• Familiarity with institutional capital requirements or fund-level reporting a plus
• Experience mentoring junior underwriters or analysts a plus

Tools

Excel

Job description

SimpleCREDIT, based in Garden City, NY, seeks experienced underwriters to join its lending platform. You will underwrite DSCR, bridge, ground-up construction, and blanket loans while evaluating sponsors and budgets. You will prepare credit memos and present recommendations in committee, coordinating with originations through closing.

Ideal candidates have 3–7 years of underwriting real estate loans, strong Excel-based modeling, and the ability to manage a multi-deal pipeline with growth mindset.