CRE Loan Underwriter

We are seeking an experienced Commercial Real Estate (CRE) Loan Underwriter to support our lending team. This role focuses on underwriting income-producing properties and investor-backed deals, requiring strong analytical skills and a deep understanding of real estate fundamentals.

The ideal candidate is comfortable evaluating complex transactions, assessing risk, and working with brokers, borrowers, and internal stakeholders to move deals efficiently from application to approval.

Responsibilities:

Underwrite CRE loan files including DSCR, bridge, and investment property loans

Analyze borrower financials, rent rolls, operating statements, and property performance

Evaluate key metrics such as DSCR, LTV, LTC, cap rates, and debt yield

Review appraisals, market data, and property-level risk factors

Structure loan terms and identify appropriate conditions to mitigate risk

Ensure compliance with internal credit policies and lending guidelines

Communicate clearly with loan originators, processors, and management

Provide concise credit memos and underwriting summaries

Requirements:

3+ years of CRE underwriting experience (bridge, rental, multifamily, mixed-use, etc.)

Strong understanding of income-producing real estate and investment analysis

Experience calculating and interpreting DSCR, LTV, cap rates, and cash flow metrics

Ability to review leases, rent rolls, and operating statements (T-12s)

Familiarity with U.S. lending standards and investor guidelines

Advanced Excel skills and comfort working with financial models

Strong attention to detail and ability to manage multiple deals simultaneously

Preferred Qualifications:

Experience with DSCR or non-QM lending

Background in private lending, debt funds, or mortgage banking

Familiarity with underwriting tools and LOS platforms

Experience working with brokers and high deal volume environments

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