Hard Money Loan Underwriter
Department: Operations
Employment Type: Full Time
Location: Client
Compensation: ₱80,000 - ₱120,000 / month
Description
We are seeking a detail-oriented and analytical Hard Money Loan Underwriter to evaluate loan applications and assess borrower creditworthiness for fix-and-flip and investment property financing. This role requires a strong understanding of underwriting guidelines, risk assessment, and the ability to work closely with loan officers, borrowers, and other stakeholders to ensure efficient loan processing.
Key Responsibilities
- Conduct thorough analysis of loan applications, including borrower financials, credit reports, and property evaluations.
- Assess borrower eligibility and repayment ability based on established underwriting guidelines.
- Work closely with loan officers, processors, brokers, and appraisers to collect and verify necessary documentation.
- Communicate with borrowers to provide updates, address document requirements, and explain loan terms.
- Ensure compliance with internal policies and industry regulations while maintaining high underwriting standards.
- Identify potential risks and provide recommendations for loan approval, modification, or decline.
- Maintain accurate and organized records of loan files and underwriting decisions.
Skills, Knowledge and Expertise
- Experience in hard money or real estate investment lending.
- Strong knowledge of loan underwriting, credit analysis, and risk assessment.
- Proficiency in reviewing financial statements, property appraisals, and borrower documentation.
- Ability to collaborate with internal teams and external stakeholders.
- Excellent communication skills and attention to detail.
- Familiarity with loan processing systems and regulatory compliance.
Benefits
- Above market salary
- HMO on Day 1 for principal and two dependents
- Government-mandated benefits
- Performance-based Incentives
- Quarterly Company Events
- In-depth training for career growth
- Great Company Culture and HR experience
- 1,000 PHP De Minimis
- Equipment and software provided