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Underwriting and Credit Associate

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Location
Irvine, CA
Salary
$65,000+
Job Type
Direct Hire
Date
Nov 29, 2018
Job ID
2642784
Atlantic Pacific Group is the premier executive search firm specialized in the real estate and finance industries, with over 20 years of experience supporting Orange County's top employers, we've helped 100's of professionals take their careers to the next step.

Our client is the leader in financing of investment property including term loans, bridge loans and fix/flip financing. 


Job Description:

The Underwriting & Credit Associate is responsible for rendering credit decisions on incoming applicants consistent with internal policies and guidelines, as well as verifying supporting documentation as submitted by originators and loan processors. The Associate will work in a fast-paced work environment and interact closely with clients, internal teams and various third parties involved in financing transactions.

 
  • Analyze loan applications to identify any risk issues and/or potential misrepresentations.
  • Review loan files to determine compliance with applicable guidelines, credit worthiness of the applicant and sufficiency of collateral (appraisals, leases, insurance, title reports, credit and background, bank statements, among additional diligence items).
  • Maintain pipeline within the Company’s standards 24 hour turn-around time for upfront and final underwrite.
  • Conduct credit risk reviews of retail/wholesale and correspondent loans and apply needed conditions for mortgage submissions to assure loans meet program/product specifications.
  • Issue loan approvals or escalate files to loan committee when necessary based on CoreVest guidelines.
  • Review files throughout the process as requested by the processor; communicate errors and missing information to processors/originators.
  • Adjust condition sheet in loan operations system with applicable conditions, as well as prepare credit approval memo.
  • Issue final approval uploading all necessary approval documentation into CoreVest’s software systems with appropriate signatures.
  • Work with post-closing department on any stipulations for closed files.
Ideal Candidate Profile:
 
  • Bachelor Degree is preferred.
  • Minimum 5 to 7 years of credit and appraisal experience in lending field is required.
  • Basic understanding of mortgage banking software, mortgage underwriting, purchase and refinance transactions.
  • Superior internal and external customer service skills.
  • Self-starter with excellent time management skills.
  • Ability to maintain the highest level of confidentiality.
  • Excellent problem-solving skills.
Value Proposition:

Work for an outstanding leader!  


This role is with CoreVest finance in Irvine,  CA.  Beth O'Brien, President & CEO was recently named Women of Influence 2018 by Housing Wire.  Under O’Brien’s leadership, CoreVest has closed more than $3 billion in loans and financed more than 25,000 properties across 43 states. The company won the NREI/IMN award for innovation by a nonbank lender in 2016 and was chosen by Freddie Mac for its inaugural securitization in the single-family rental market in 2017.
 
Be a integral part of an industry leader!

Each member of “The Core” at CoreVest plays an important part in the growth of the residential real estate investing industry. This a team who are here to serve investors nationwide and provide them with affordable financing for their real estate investment needs.

Outstanding Benefits!
  • Competitive compensation package
  • Excellent medical, dental, vision and other benefits
  • Time off for vacation, sick leave and holidays
  • 401k Immediately

Atlantic Pacific Group is the exclusive recruiting firm for CoreVest.  If you would like to learn more about this exciting organization, contact us immediately for a confidential conversation about your career objectives and details about this excellent opportunity.