Underwriting Manager
DLP Capital
- Saint Augustine, FL
- Permanent
- Full-time
- Bachelor's degree in finance, economics, business, or a related field. MBA or a Master's in Finance (preferred).
- Minimum of 3 years experience in private credit, direct lending, or credit underwriting in multifamily industry.
- Strong credit analysis skills such as analyzing financial statements, conducting due diligence, and evaluating the financial health of owner/operator or developers organization.
- Experience in understanding lending regulations, disclosure requirements, and compliance frameworks.
- Proficiency in financial modeling to include building financial models, conducting sensitivity analysis, and stress testing assumptions.
- Playing an integral role within the larger Credit team, you will provide direct support to the Director of Risk, mentor junior team members, and serve as a resource to the Sales Team and other operating departments.
- Maintaining a “first contact point,” of the pipeline and quickly determining the borrower’s ability to exit the loan while evaluating loan strength through factors such as ROI, DSCR, and After Repair Value.
- Developing a deal narrative encompassing the viability and valuation of the project, considering the market, borrower's experience, and expertise in the subject market. This involves conducting initial screening calls with first-time borrowers to establish rapport and familiarize the credit team with the story behind each borrower's expected success.
- Managing the pipeline of residential loans by allocating deals based on capacity and familiarity with clientele, developing daily agendas, and providing insights through weekly reporting.
- Conducting a final integrity analysis to ensure loans meet credit standards, are leverageable, and have crafted analytical narratives highlighting the operator’s ability to exit. Additionally, ensuring data entry accuracy.
- Occasionally participating in Credit Committee meetings or providing written support toward actionable recommendations.
- Support Debt placement for take out financing.
- Compiling data from all tools and platforms to provide insights that the team can use to meaningfully enhance the 'Pro Deal Mentality' ingrained in the Credit team.
- Underwriting loan requests and documents, including borrower financials, credit report, tax returns, bank statements, REO schedules, personal financial statements, investment track records, appraisals, and property inspections, in order to properly assess risk factors.
- Reviewing appraisals and secondary valuations in depth with special focus on appropriateness of value and comparables.
- Ensuring that any loans perceived to have risk always have clearly stated and identified mitigants.
- Exhibiting a deep understanding of firm's loan underwriting guidelines, pricing grids and leverage partners’ credit boxes to identify loans that are ineligible.
- Continuously providing feedback and suggestions on ways for DLP Capital to improve its processes and procedures.
- A fast pace. We’ve grown exponentially and new team members continue to join our DLP family.
- A leadership team that trusts each other, communicates effectively, and is committed to helping team members grow, both personally and professionally.
- Visionary, smart, and innovative CEO. Ours is the kind of leader you read about, hope to work with, and learn from.
- A culture focused on developing and investing in team members - coaching, training, and supporting each other. We have a mantra of “Leaders made here” at DLP, focused on developing and growing leaders.
DLP is a committed Equal Opportunity Employer. If you are a qualified individual with a disability and require assistance in searching for a position or submitting an application, please contact HR at hr@dlpcapital.com. Offers of employment are conditional upon satisfactory completion of pre-employment background verification (including E-Verify). California applicants can view our California Data Privacy Policy .Powered by JazzHR