Real Estate Underwriter

Location: USA (ideally driving distance to CT)

Salary up to $100,000 per year

New Silver is a fintech startup, and our mission is to connect real estate and decentralized finance. We use data and technology to provide our clients with fast, competitively-priced capital and certainty of execution. We then connect with Defi capital markets to securitize loans on the blockchain. We are proud to be the first real-world asset in the world to be approved by MakerDAO, a top-3 stablecoin protocol.

Our small and rapidly growing company is globally located and fully remote. We are driven by our goal to be the fastest lenders in the US, so we move quickly but carefully. Innovation is the name of the game and no idea is too out of the box for us because our motto is: Financing Outside The Box. Join our dynamic team from across the globe and help us lead the charge for real estate and DeFi into the future.

YOUR ROLE

You will have a key role in our fast-paced organization. You will focus on underwriting, structuring and documenting short term bridge loans across the United States. You will use our proprietary technology to assess borrower, borrower entity and collateral credit risk, order and review appraisals and structure loans. You will also work with senior team members to conduct portfolio reviews, review underwriting guidelines and recommend credit and underwriting improvements. You will be responsible for making fast decisions, thinking “outside the box” and working within a fast-paced, evolving and exciting startup culture.

BENEFITS

• Work from home, flexible hours
• Be a key member of a small team
• Fast paced startup environment, global team
• Get things done while having fun
• Help real people succeed in business
• 100% health, dental and life insurance covered by employer
• 401K match
• Unlimited time off

RESPONSIBILITIES

• Work with loan processors to obtain required documentation and complete the credit package for underwriting
• Order and review real estate appraisals
• Review and clear borrower entity docs, credit & background reports, liquidity, experience, and additional supporting docs as needed
• Review and clear exceptions
• Structure the loan and generate final loan terms
• Perform portfolio reviews and reporting to identify potential weaknesses and work to improve credit policies
• Draft and maintain underwriting and credit policies
• Stay on top of the real estate and general market news cycle in order to forecast potential market changes before they occur
• Use various technology tools in order to be efficient and compliant
• Communicate with borrowers, partners and 3rd party providers as needed

REQUIREMENTS

• Bachelor's degree
• 3+ years as mortgage underwriter
• Strong attention to detail
• Ability to communicate well on the phone and via email
• Knowledge or passion for real estate
• Ability to work independently with minimal direction, highly motivated
• Knowledge of Excel or other similar tools
• Ability to be flexibly, work well under pressure in a high pace environment

ENVIRONMENT and CULTURE

• Our days can be long, but we get rewarded for it
• We are driving for growth
• We are available and responsive
• We are a global team of self-starters
• We move fast but try not to break things
• We are proud to help communities rebuild

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