DSCR​/Non-QM Underwriter - Brick Capital

The Opportunity:

We are seeking a detail-oriented DSCR Real Estate Loan Underwriter to scale our underwriting function. This role involves reviewing new loan files, issuing underwriting conditions, coordinating with third-party reviewers, and assisting in post-close conditions for loan sales. The ideal candidate will have strong analytical skills, a keen eye for risk assessment, and a continuous improvement mindset to enhance underwriting and loan processing efficiency.

• Underwriting & Condition Review
• • Underwrite new loan files and issue underwriting conditions based on loan requirements
  • Review borrower and property-related documentation to ensure compliance with lending guidelines
• Pre-Close & Post-Close Coordination
• • Clear pre-close conditions in collaboration with third-party reviewers
  • Assist in post-close requirements to satisfy note buyer conditions for loan sales
  • Maintain underwriting SLA within 1 business day
• Process Improvement & Risk Assessment
• • Identify areas for improvement in underwriting and loan processing procedures
  • Work closely with internal teams to enhance efficiency and streamline workflows
  • Ensure LOS (loan operating system) accuracy with deal economics and figures
• Collaboration & Communication
• • Coordinate with internal teams and third-party stakeholders to facilitate smooth loan transactions
  • Maintain clear documentation and communication regarding loan conditions and underwriting decisions
  • Create credit memos for the investment committee to review for more complex files that require escalated reviews
• Full Ownership of the Underwriting Process
• • Assemble, underwrite, and delivery full packages, coordinating with Brick City Capital sales, processing, capital markets, and closing teams
  • Exert creativeness to underwrite - full ownership of the underwriting process allows maximum flexibility to creatively underwrite in accordance to Brick City Capital's guidelines

• $60,000 - $100,000 base salary + variable cash compensation component (Annual cash OTE estimated to be $80,000 - $130,000)

• An individual who resides in the state of NJ, NY, CT, CA, FL, AZ, TX, or IN.

• Bachelor's degree in finance, real estate, business, or a related field (or equivalent experience).
• 1-3 years of experience in real estate underwriting or private lending.
• Strong knowledge of investment property lending and loan structuring.
• Ability to analyze risk factors and apply lending guidelines effectively.
• Strong documentation review skills with the ability to spot discrepancies and ensure compliance.
• Excellent attention to detail, organizational, and communication skills.
• Tech-savvy, with the ability to learn and navigate multiple systems.
• Knowledge of real estate market trends and investment financing.

• 3+ years of experience in real estate underwriting or private lending.
• Experience in DSCR loans.
• Experience working with private lenders or note buyers.

• A company culture that you can actually enjoy being immersed in
• Direct access to executive leadership and strategic decision-making
• Opportunity to grab destiny by its horns and to create your own path
• Fast-paced, mission-driven environment with serious growth opportunity
• A team that values integrity, entrepreneurial spirit, overall excellence, accountability, and ownership

• A demonstrated track record of winning; we never stop at  just enough
• An insatiable eagerness to continuously learn and to be coached; we are lifelong learners and always make ourselves available to others to teach us something new
• A possession of strong entrepreneurial spirit; we have a burning passion for building something great out of nothing
• A big vision for themselves and those around…