Underwriting Manager, Residential Transition Lending

📋 Description

• Lead, mentor, and cultivate a high-achieving underwriting team; establish clear expectations and performance benchmarks.

• Take responsibility for underwriting quality and credit consistency across RTL originations (fix & flip, bridge, investor loans).

• Supervise loan-level assessments, including borrower experience, liquidity, background, and credit profile.

• Ensure compliance with credit guidelines while applying sound judgment in exceptional and complex situations.

• Collaborate with Sales, Valuations, Closing, and Capital Markets to enhance speed, conversion, and borrower experience.

• Track portfolio performance, identify risk patterns, and suggest modifications to guidelines or credit policies.

• Propel operational excellence through process enhancements, workflow design, and LOS/system upgrades (Decipher).

• Convert feedback from investors and warehouse partners into underwriting and process enhancements.

• Recruit, train, and expand the underwriting team as the platform scales nationally.

• Uphold the Company’s underwriting guidelines, policies, procedures, and workflows, as well as federal and state regulatory requirements to guarantee compliance at all times.

⛳️ Requirements

• Over 3 years of underwriting experience in residential transition lending (fix & flip, bridge, DSCR, or investor loans).

• More than 1 year of direct people management experience.

• Extensive knowledge in RTL credit: ARV/LTV/LTC, rehab budgets, borrower track record, and exit analysis.

• Strong judgment skills in handling complex credit scenarios and exceptions.

• Demonstrated ability to build and scale underwriting teams in a fast-paced environment.

• Experience in driving process improvements and implementing underwriting systems/LOS platforms.

• Excellent analytical and data-driven decision-making abilities.

• Outstanding cross-functional leadership and communication skills.

• Bachelor’s degree is required.

🏝️ Benefits

• Competitive cash salary (aligned with experience).

• Performance-based incentive opportunities.

• Comprehensive health benefits that are competitive.

• Flexibility to work remotely.