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SalaryRCN Capital, LLC is a national, direct private lender providing time-sensitive, bridge financing to real estate investors to fund the purchase of non-owner occupied residential and commercial properties, provide bridge loans, and provide real estate-backed lines of credit.
We are seeking a Senior Underwriter to join their fast-paced lending team. The Senior Underwriter will manage a pipeline of loans including non-traditional hard money loans, fix and flip, and bridge loans, along with loans fitting RCN's other products. On a day-to-day basis, this position will be responsible for reviewing, analyzing, and making decisions on mortgage underwriting files to determine compliance with corresponding loan programs. This includes data validation, credit review, entity compliance, borrower/investor experience, and analysis of collateral. It is key for the Senior Underwriter to have a strong understanding of RCN Capital's loan programs as well as an understanding of the lending life cycle. Candidates will possess exemplary attention to detail, be self-motivating, as well as have the ability to make data-driven decisions independently, while managing risk and ensuring the quality and compliance with company and investor guidelines.
Primary Responsibilities:
- Manage a loan pipeline, within Service Level Agreements, on a daily basis in relation to RCN Capital's suite of loan programs.
- Review loan files for accuracy, creditworthiness, and compliance.
- Manage risk.
- Consistently provide quality reviews to the Loan Committee, addressing major challenges, and properly condition for missing items for a quality loan file to be sold to our capital partners.
- Remain up to date on Underwriting Guidelines and changes to Loan Programs
- Communicate with Underwriting Manager and internal partners quickly and effectively to ensure that loans move through the process efficiently and the best possible customer experience is had.
- Provide a mentorship type experience to internal partners.
- Additional tasks, projects, or assignments as needed.
