Underwriting Associate

Position/Title: Underwriting Associate

Department: Mortgage Underwriting

Reports To: Underwriting Manager

Location: Bethesda, Maryland or Remote

FLSA Status: Non-Exempt

Last Updated: February 20, 2024

Summary

Temple View Capital (“TVC”) is an established, fast growing, nationwide, direct private money mortgage lender specializing in the business purpose loan (“BPL”) residential mortgage sector. As we continue to advance our platform, we are committed to the development of our team members in the company and provide a platform for our team of mortgage professionals to excel.

TVC seeks an Underwriting Associate with a demonstrated track record of reviewing, analyzing, and decisioning BPL mortgage loan files to join our existing underwriting team. In this role, the Underwriter Associate joins a team front-line for our deal assessment and risk analysis—including but not limited to: credit assessment, borrower entity compliance, guarantor experience verification, data validation, and collateral analysis. TVC’s specialized lending programs for real estate investors require an understanding of multiple product guidelines. The Underwriting Associate critically must understand and reference guideline differences and apply appropriate guidelines to individual clients and loan scenarios.

If you possess exceptional attention to detail, the ability to make sound and independent decisions, and the ability to self-manage a personal pipeline, we want you on our team. You should a have specific knowledge of the principal approaches to underwriting; Ideal candidates will have direct experience in the business purpose loan sector. Exceptional candidates will have a legal background with a strong understanding of entity (LLC, Corp, etc.) formation documentation (Articles of Organization, Operating Agreements/Bylaws, etc.) and related KYC diligence and approval processes. You will work as part of a highly curated team responsible for development and maintenance of TVC’s underwriting infrastructure and collaborating with Temple View Capital’s Credit Risk, Valuations, Rehab/Construction, Legal, Sales/Processing, and Closing Departments.

This opportunity offers a competitive compensation and benefits package. If you are a skilled residential property appraiser or valuations specialist looking to join a successful and expanding mortgage originator, we welcome hearing from you.

Responsibilities / Essential Job Duties

· Evaluate/underwrite individual BPL mortgage loan files for qualification against various product guidelines

· Support a quality borrower/client experience using business history, appraisals, credit reports, asset statements, entity documentation and title documents, to accurately and quickly decision files

· Work closely with our processing team to review and clear all underwriting conditions to obtain a clear to close

· Push a daily pipeline of working files though origination milestones to completion

Act as a resource of underwriting expertise to support our other TVC departments, particularly Sales, Processing, and Valuations teams

· Develop a strong working knowledge of all TVC loan programs and guidelines

Assess LTV’s and other relevant ratios as they relate to deal analysis

Validate entity formation and standing documents and identify authorized signors

· Perform common sense research related to collateral value, client performance history, or other atypical scenarios as they arise

· Collaborate with all of TVC’s team members as needed to make sound business decisions for every client

· Perform other duties as assigned to contribute to a best in class client experience

Competencies/Skills

· Ability to meet established productivity standards while maintaining high quality file reviews

· Multi-tasking proficiency to manage immediate tasks along with a pipeline of various file types

· Excellent organization and computer skills, strong working knowledge of MS office (particularly Excel)

· Excellent written and oral communication skills and ability to work efficiently and collaboratively with other departments

· Motivated and organized self-starter with strong attention to detail

· Ability to exercise sound, independent judgement, reliable, and strong team player

Comfortable working under pressure to balance production timelines with individual client needs

Education and Experience

Bachelor’s degree preferred; Will also consider candidates with exceptional BPL mortgage experience

· Two to five years’ experience as a residential mortgage underwriter preferred, but not required; may be offset by education and applicable training and experience

· Knowledge of mortgage underwriting concepts, best practices, and procedures

About the Company

Company website: https://www.templeviewcap.com/

Benefits

· Salary: $70,000 - $85,000 pending experience, qualifications, and location

· Supplemental Pay:

• Discretionary annual bonus

· Benefits (waiting period may apply):

• 401(k) with matching

• Health insurance

• Dental insurance

• Vision insurance

• Life insurance

• Disability insurance

• Flexible schedule

• Paid time off

· Schedule:

• Full time

• Monday to Friday 9AM – 6PM or 10AM – 7PM EST

· Work Location:

• Bethesda, MD or remote

EEO Statement

We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.

Job Type: Full-time

Pay: $70,000.00 - $85,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• Monday to Friday

Supplemental pay types:

• Bonus opportunities

Work Location: In person