Bridge Loan Underwriter

This is a fully remote position, open to applicants in Philippines.

📋 Description

• Perform initial evaluations of bridge loan applications to assess their feasibility and completeness.

• Request third-party reports such as title prelims, appraisals, and BPOs when necessary.

• Examine title prelims to pinpoint potential issues like liens, judgments, vesting problems, or ownership inconsistencies.

• Evaluate borrower credit profiles, financial documents, liquidity, and real estate experience.

• Review property specifics, valuations, market data, and exit strategies (sale, refinance, or hold).

• Calculate and evaluate LTV, ARV, leverage, and other risk indicators.

• Draft concise underwriting summaries and recommendations for senior review or final approval.

• Ensure adherence to internal underwriting standards and investor criteria.

• Relay findings, conditions, and concerns to loan officers, processors, and closing teams.

• Maintain precise and organized underwriting notes and documentation within the loan origination system.

• Support post-closing reviews and ongoing portfolio oversight as necessary.

⛳️ Requirements

• Bachelor’s degree in finance, business, real estate, or a related field (or equivalent experience).

• Over 2 years of underwriting experience in bridge loans, private lending, hard money, or residential/commercial real estate.

• Strong understanding of short-term lending structures, ARV-based lending, and real estate valuation.

• Capability to interpret financial statements, tax returns, and credit reports.

• Familiarity with underwriting tools, LOS platforms, and valuation models.

• Excellent analytical, organizational, and decision-making abilities.

• Strong written and verbal communication skills.

• Aptitude for thriving in a fast-paced, deadline-oriented environment.

• Experience in underwriting fix-and-flip, rental, or transitional real estate loans.

• Knowledge of state-specific lending regulations and investor guidelines.

• Background in non-QM, DSCR, or private money lending.

• Advanced skills in Excel or financial modeling.

🏝️ Benefits

• Above market salary.

• HMO coverage starting on Day 1 for the principal and two dependents.

• Government-mandated benefits.

• Performance-based incentives.

• Quarterly company events.

• 1,000 PHP De Minimis.

• Equipment and software provided.