Residential Construction Loan Underwriter

NW Recruiting Partners

Dallas (TX)

On-site

USD 95,000 - 110,000

Full time

7 days ago

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Benefits offered by this job

Annual bonuses

Employee home loan program

401k with a 3% match

Job summary

NW Recruiting Partners is actively seeking an Underwriter – Construction Loans (Residential) in Dallas, TX. You will underwrite bridge and construction loans, assess borrower qualifications, and ensure alignment with guidelines while collaborating with a credit team.

The ideal candidate has 2+ years in mortgage/banking, strong credit and real estate knowledge, and proficiency in Excel and loan origination software. Compensation ranges from $95k to $110k plus bonus.

Qualifications

2+ years of mortgage/banking experience and/or related industry experience in construction, real estate and/or private equity.
Bachelor’s degree in Finance, Real Estate, Business, or related field
Solid understanding of income property analysis and loan structuring.
Proficiency in Excel and familiarity with loan origination software.
Ability to work independently and thrive in a collaborative, fast-paced environment.

Responsibilities

Deal Vetting: Underwrite bridge and construction loans end-to-end, confirm inputs, and keep the file buttoned-up for audit.
Borrower & Project Diagnostics: Dig into financials, credit profile, budgets, comps, and assumptions to gauge ability to execute and repay.
Exposure Mapping & Mitigation: Pinpoint market, build, timeline, and exit risks; shape terms (reserves, covenants, collateral) to offset them.
Committee Briefings: Produce tight decision memos and risk snapshots; present and shepherd packages through leadership/credit review.
Controls & Requirements: Keep every deal aligned with internal credit frameworks, investor parameters, and applicable lending rules.
Partner Interface: Serve as the go-to between loan officers, borrowers, brokers, and internal teams to keep diligence unblocked.
C-Suite Initiatives: Support the Chief Underwriter on ad-hoc analyses, portfolio looks, and priority special assignments.