Mortgage Underwriter
1 day ago
Denver
Merchants Mortgage & Trust Merchants Mortgage & Trust Corporation (“Merchants”) is a private real estate lender headquartered in Denver, Colorado. Merchants specializes in short-term residential bridge loans for investors, multi-family loans, commercial loans, construction loans, and rental property loans. Merchants was acquired by KKR, a leading global investment firm, in 2022 and is on pace to originate nearly $1 billion in 2025. Position Summary Mortgage Underwriter Location: Denver, Colorado Full Time Roles and Responsibilities • Underwrite loans in accordance with Merchants’ guidelines. Responsibilities will include:, • Review and reconcile loan applications to ensure the loan meets program requirements., • Analysis of loan application, credit profile/report(s), background reports, financial statements, leverage ratios, appraisal reports, renovation budgets, entity documents, purchase agreements, borrower experience, collateral, and supporting documentation., • Manage an ongoing pipeline of loans through the Merchant’s loan origination process., • Report on the status of loans within the pipeline on a regular basis., • Communicate effectively with Loan Originators, Underwriters, and the Credit Committee., • Present loans to the Credit Committee for exceptions, escalations, and approval., • Condition files for missing/supporting documentation according to Merchants’ guidelines., • Perform a preliminary review of all underwriting documents, including third-party reports., • Collect, analyze, and approve all required due diligence., • Perform property and market assessments to evaluate property conditions and market/submarket dynamics., • Communicate and document the reasons for approving or rejecting loans so that clients and loan officers are well-informed about the decisions made., • Mentor and train junior staff. Qualifications/Job Requirements • Bachelor’s degree required., • Minimum 5 years of mortgage underwriting experience. Strong preference for experience with underwriting commercial and business purpose loans, • Experience with institutional lending and secondary market loan trading preferred., • Effective pipeline management skills, • Proven track record of taking ownership and successfully delivering results in a fast-paced, dynamic environment., • Exceptional interpersonal, written, and verbal communication skills, • Proficient in Microsoft Office, especially in Excel and Word Other