Work Schedule: Monday to Friday 9AM - 6PM PST 

Underwriter Responsibilities

·        Coordinate with credit to underwrite investments in accordance with the Underwriting Manual

·        Prepare weekly pipeline report for SVP of Underwriting

·        Prepare weekly loan committee meetings for SVP of Underwriting

·        Prepare opportunity memo for loan committee approval/discussion

·        Coordinate with loan originators for document collection

·        Maintain due diligence documents in SharePoint and Salesforce

·        Review all due diligence materials prior to submission to credit

·        Coordinate with legal counsel for loan document formation

·        Conduct a thorough review of loan documents for deal terms and accuracy and coordinate release to the borrower

·        Coordinate with the title and escrow to facilitate proper closing

·        Upload all deal documents into SharePoint and Salesforce for recordkeeping

·        Ensure completed closing checklist with all necessary onboarding information

·        Ensure satisfactory receipt of all closing and post-closing documentation and upload/save to the necessary places

Asset Management Responsibilities

·        Track all postmortem obligations across the dedicated investment portfolio

·        Receive and review all documentation and reporting from borrowers

·        Reconcile supporting documentation for holdbacks and coordinate with PFS for distribution   

• Coordinate with legal counsel for loan modification documents and servicing-related legal requirements

·        Monitor delinquencies by following up with borrowers directly to troubleshoot and prepare a weekly report for all loans more than 30 days late

·        Correspond with borrowers to stay up to date on potential payoffs or extensions

·        Prepare a weekly report listing all loans maturing within the next 90 days

·        Follow-up on post-closing items and financial reporting items; monitor loan covenants

·        Work with the servicer and borrower in the event of default

·        Monitor delinquencies and prepare a weekly update for deals more than 60 days delinquent

·        Procure, review, and coordinate payoff demands from the servicer and coordinate payoff timing

 

Qualifications

·        Bachelor’s degree

·        Must have 2 years of experience in commercial property underwriting and asset management

·        Knowledge of the tools and software programs required to perform the job, including Excel, CoStar, and Salesforce.