Mortgage Underwriter - Bridge
Asset Based Lending - Jersey City, NJ
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Who We Are:Based in New Jersey and established in 2010, Asset Based Lending, LLC ("ABL") is one of the nation's leading Hard Money Lenders. We provide fast bridge financing to real estate investors for the purchase, renovation, or new construction of single family, multi-family and mixed-use properties as well as DSCR rental loans for long term investors. We have closed thousands of loans since we began lending fourteen years ago, producing more than $2B in originations. ABL was acquired by a private equity firm in 2021, and with a renewed focus on growth, we've set our sights on consistent evolution and cementing our place as the premier private lender in the country.Our Mission is Simple:Make Good LoansProvide Exceptional Service, Every TimeProtect The FirmBuild The FutureJob Summary:ABL is actively seeking a motivated and detail-oriented Underwriter to join the rapidly growing Underwriting team (Bridge) This person will work directly with the firm's senior leadership to refine internal processes, analyze new inquiry, and help manage portfolio risk.Our underwriting team is extremely customer centric and is experiencing tremendous growth. The ideal candidate will be driven to learn the real estate and lending business while staying curious, work to consistently elevate their standards, and be comfortable juggling competing priorities. If you have a tireless drive to succeed, and a need for learning while growing personal and organizational success, come join the ABL team!Job Responsibilities:Analyze and perform risk assessments for term loansTake Loan Officer inquiries and discuss viability of opportunitiesConduct Borrower underwriting interviewsUpdate the Customer Relationship Management (CRM) platform with loan details and underwriting notes.Structure loans in accordance with ABL's guidelinesProvide recommendations to credit committee on the approval or rejection of loansMaintain a robust pipeline of loans at various stages of underwritingReview appraisal reports, credit backgrounds, and other aspects of loans files prior to clearing them for closing.Coordination with operations for loan closingsInterface with loan buyers to increase efficiency of loan salesQualifications:1-3 years of Mortgage industry experience.Track record of success working with a cross functional team in a fast-paced environmentCustomer service mindsetMeticulous attention to detailExcellent communication skills, both written and verbal. Must be comfortable on the phoneTechnological proficiency including Microsoft Excel and similar toolsSpanish fluency a plusUS citizenship or green card required.High School Diploma required
Created: 2024-09-19