Job Description
Job Description
Underwriter, Residential Commercial Real Estate
Location : CT, MA, RI
Salary up to $100,000
New Silver is a fintech company with a mission - helping to improve local communities by providing fast, convenient and flexible capital to real estate investors. We use data and technology to provide our clients with fast approvals and certainty of execution while maintaining high-touch customer service to wow them across the entirety of their journey.
We are proud to be a 2-time Inc. Magazine Regionals Award Winner, a testament to our rapid growth and impact in the fintech and real estate lending space.Our growing company is headquartered in CT, with a global presence. We are driven by our goal to be the fastest lender in the US, so we move quickly, but carefully. Innovation is the name of the game and no idea is too out of the box for us because our motto is : Financing Outside The Box. Join our dynamic team from across the globe and help us lead the charge for real estate investors into the future!
Your Role :
As an Underwriter , you’ll play a pivotal role in our fast-moving organization. You will be responsible for underwriting and documenting :
- Short-term fix-and-flip and ground-up construction loans
- Long-term DSCR loans for residential investment properties
You will collect, review, and clear borrower documentation, assess collateral risk using our proprietary technology, review appraisals and credit files, and ensure loans are structured and ready for closing. In addition, you will partner with senior team members on portfolio reviews and policy improvements.
This role is ideal for someone who thrives in a high-energy startup environment, makes sound decisions quickly, and is excited to think creatively while maintaining discipline in underwriting standards.
Responsibilities :
Review and clear borrower entity documents, credit / background checks, liquidity, experience, and supporting filesCommunicate with prospective borrowers to obtain additional documentationOrder and review real estate appraisals, managing the appraisal pipeline end-to-endResolve exceptions with loan advisers and the investment committeeDraft and request letters of explanation and other borrower documents as neededAdjust preliminary loan structures post-appraisal for final approvalConduct portfolio reviews to identify risks and recommend credit policy improvementsDraft, refine, and maintain underwriting and credit policiesStay informed on real estate and macroeconomic trends to anticipate market shiftsLeverage technology tools to ensure compliance and efficiencyEngage professionally with borrowers, partners, and third-party vendorsBenefits :
Hybrid work environment – work from home most daysBe a core member of a small, dynamic teamThrive in a fast-paced, global startup environmentMake a direct impact by helping real people succeed in business100% employer-covered health, dental, and life insurance401(k) matchUnlimited vacation and sick daysOpportunities for rapid growth and promotionRequirements :
Bachelor’s degree (Accounting, Business, Finance, or similar preferred)5+ years of loan processing experienceExperience with business-purpose loans secured by real estate (strong plus)Demonstrated attention to detail and accuracyStrong written and verbal communication skillsProficiency in Excel (or similar tools)Passion for real estate and lendingSelf-motivated with the ability to work independently in a fast-paced settingFlexible, resourceful, and resilient under pressureEnvironment and Culture :
We work hard, and our efforts are rewardedGrowth-driven, innovative, and agileAvailable, responsive, and collaborativeProud to be a global team of self-startersFast-moving while striving for excellenceCommitted to helping communities rebuild and thrivePowered by JazzHR
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