Underwriter – Construction Loans (Residential)

NW Recruiting Partners; United States; On-site; USD 70,000 - 100,000; Full time

Job summary

NW Recruiting Partners is seeking an Underwriter – Construction Loans (Residential) to join their dynamic real estate finance team. You’ll assess borrower qualifications, structure complex construction and bridge loan deals, and ensure alignment with investor guidelines while collaborating with a five-person credit team.

You’ll vet loans end-to-end, analyze financials and markets, mitigate risk with careful terms, and support senior leadership with concise memos and diligent diligence across

Qualifications

• 2+ years of mortgage/banking experience in construction, real estate 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 audit-ready.
• Borrower & Project Diagnostics: Analyze financials, credit profile, budgets, comps, and assumptions to gauge ability to execute and repay.
• Exposure Mapping & Mitigation: Identify market, build, timeline, and exit risks; shape terms to offset them.
• Committee Briefings: Produce tight decision memos and risk snapshots; present and shepherd packages through leadership/credit review.
• Controls & Requirements: Ensure deals align with internal credit frameworks, investor parameters, and lending rules.
• Partner Interface: Coordinate 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 assignments.

Skills

Mortgage underwriting

Credit analysis

Real estate market knowledge

Excel

Independent worker

Education

Bachelor's degree in Finance/Real Estate/Business

Tools

Loan origination software

Job description

Underwriter – Construction Loans (Residential)

A rapidly growing private real estate lender is hiring a Underwriter to join their team. With $3B in loans funded, they continue to expand their footprint in residential lending.

In this role, you’ll work closely with residential builders and developers to evaluate loan applications, assess borrower qualifications, and ensure alignment with company and investor guidelines. You’ll collaborate with a credit team of five.

The ideal candidate brings deep experience in credit analysis, risk assessment, and real estate development. You’ll be responsible for structuring and underwriting complex construction and bridge loans—making sound credit decisions that support the firm’s growth while managing risk effectively.

• 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.

Underwriter 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.