Underwriter
- Commercial Real Estate Loans & Construction Draw Disbursements 20 North Park Avenue, Plymouth, MA 02360 Hybrid work $60,243.29
- $72,551.05 a year
- Full-time $60,243.29
- $72,551.05 a year
- Full-time We are a fast-growing specialty mortgage lender seeking an Underwriter to join our Lending and Loan Servicing Department at Tailor Ridge Capital Management, LLC.
This role presents an excellent opportunity for a motivated individual to gain in-depth knowledge of our industry and to work collaboratively with our team and customers. The Underwriter will play a vital role in the credit, underwriting, and construction draw disbursement functions that support our growing portfolio of short-term commercial real estate mortgages. We offer potential for growth, competitive compensation and benefits, as well as a flexible, hybrid work environment. Key Responsibilities Underwrite commercial real estate loan requests, including fix-and-flip, ground-up construction, bridge, and value-add transactions, from initial submission through approval and closing. Analyze borrower financials, experience, and entity structures to assess overall creditworthiness. Evaluate property-level economics, including as-is and as-completed valuations, comparable sales, rental comps, market velocity, exit strategy, and feasibility of construction budgets. Prepare detailed credit memos and Interest Coverage (IC) packages for review by senior leadership and the investment committee. Review third-party reports, including appraisals, feasibility studies, environmental reports, title commitments, and property condition assessments. Process construction draw disbursement requests by reviewing inspection reports, lien waivers, invoices, photo documentation, and budget reconciliations to ensure accurate project tracking and funding. Coordinate with borrowers, inspectors, and title companies to verify draw progress and resolve discrepancies in a timely manner. Maintain and update loan files, underwriting workbooks, and pipeline records in The Mortgage Office (TMO), Salesforce, and related systems. Monitor active construction loans for budget overruns, schedule slippage, and risk indicators, escalating issues to the portfolio team as needed. Support borrower extensions, modifications, and payoffs by reviewing updated financials, project status, and exit feasibility. Qualifications and Requirements Experience in finance, real estate, accounting, business, or a related field. Experience in commercial real estate underwriting, construction lending, credit analysis, or loan servicing. Working knowledge or ability to learn construction draw processes, and budgets. Strong analytical skills with the ability to work independently and follow through with tasks. Excellent organizational skills and meticulous attention to detail. Ability to manage multiple loan files and prioritize assignments effectively in a fast-paced environment. Excellent written and verbal communication skills, with comfort communicating with borrowers, brokers, contractors, and small to mid-sized business clients via phone or email regarding underwriting conditions, draw requests, and other inquiries. Proficiency in desktop software applications, including Microsoft Excel, with intermediate-level expertise preferred. Experience with The Mortgage Office (TMO), Salesforce, or similar loan origination/servicing platforms is a plus.
Pay:
$60,243.29
05 per year
Benefits:
401(k) Dental insurance Health insurance Paid time off
Work Location:
Hybrid remote in Plymouth, MA 02360
