The Senior Commercial Real Estate Credit Underwriter - Originations Team is a key member of the originations team supporting Relationships Managers on financing construction and bridge financing vehicles. The role will be tasked with establishing a first-look valuation and execution analysis for incoming submissions, and following through with a data integrity review to ensure consistent quality of loans presented to the loan committee for term sheet issuance. As the organization continues to grow, opportunities may exist to grow into a Relationship Manager role, Credit or other areas within the organization.
Being a private lender, DLP Lending underwrites all of our loans based on proprietary guidelines & checklists, so it is imperative to the success of this role that both experience and open-mindedness are deployed in analyzing credit risks and mitigants, and sets examples for all team members to follow. This role is critical to both protecting the best interests of the organization, as well as expediting all qualified files. This role will be the main support for the Senior Director of Credit Structuring.
What you have already achieved: (Requirements)
- Bachelor's degree in finance, economics, business, or a related field. MBA or a Master's in Finance (preferred).
- Minimum of 5 - 10 years experience in private credit, direct lending/banking, or credit underwriting in multifamily industry.
- Strong investor commercial real estate underwriting skills such as analyzing pro-formas, budgets, interest reserves, conducting due diligence, and evaluating the financial health of real estate owner/operators/developers.
- Experience in understanding lending regulations, disclosure requirements, and compliance frameworks.
- Experience leading and training credit analysts.
- Proficiency in financial modeling to include sizing loan transactions, building financial models, conducting sensitivity analysis, and stress testing assumptions.
- Experience with CMBS and Agency lending experience (preferred). Experience with land, lot development or homebuilding is a plus.
What you are great at: (Responsibilities)
- Play an integral role within the organization providing direct support to the Senior Director of Credit Structuring, mentoring junior team members, while remaining a resource to the Originations Team and other Operating departments.
- Preliminary Screening of Deals with Relationship Manager by Underwriting loan requests, including borrower financials, investment track records, valuation review, and property inspections, in order to properly assess risk factors.
- Work closely with the Relationship manager to size loan transactions and write a comprehensive deal narrative encompassing viability and valuation of the project with consideration to the market, borrower's experience and financial position.
- Manage the pipeline by allocating deals based on capacity and familiarity with clientele, developing daily agendas, and providing insights through weekly reporting
- Conducting analysis to ensure loans meet credit standards, the loan is leverageable, crafted analytical narratives highlight the operator’s ability to exit, and data entry is accurate
- Participating in Credit Committee meetings or providing written support toward actionable recommendations.
- Maintains a “first contact point,” of the pipeline and quickly determines the borrower’s ability to exit the loan while evaluating loan strength through factors such as ROI, DSCR, and As Completed Value.
- Compiling data from all tools and platforms to provide insights that the team can use to meaningfully enhance the "Pro Deal Mentality" instilled in the Originations team while balancing Risk Appetite.
- Reviewing third party sources for comparable analysis to support estimated preliminary value conclusions.
- Ensuring that there are always mitigants that are clearly stated and identified on any loans that have perceived risk.
- Exhibiting a deep understanding of firm's loan underwriting guidelines, pricing grids and leverage partners’ credit boxes to identify loans that are ineligible
- Continuously provide feedback and suggestions on ways that DLP Capital can improve its processes and procedures.
- Establish, and execute on, meaningful goals for personal performance and achievements along with company-wide initiatives.
What you’re motivated by:
- Making an impact. Whether it's the residents who call our Thriving Communities home, the investors who trust us to be stewards of their capital, or the sponsors we work with to 10x their business, everything we do is about making an impact.
- Challenges. You see roadblocks as opportunities and are proactive in finding solutions.
- Growth. We’ve been named to the Inc. 5000 as one of the Fastest-Growing Private Companies in America for eleven consecutive years.
Who We Are
What We Do In One Sentence:
We finance the building of Thriving Communities.
Our Mission:
We are changing the nation through the building of Thriving Communities. We are the leader in funding the building of Thriving Communities centered in safe, attainable housing.
Our Purpose:
To passionately make an extraordinary impact by transforming lives and building Thriving Communities.
Our Big, Hairy, Audacious Goal (BHAG):
To positively impact and transform 10 million lives by funding the building of 5,000 Thriving Communities, becoming one of America’s 100 largest private companies.
Our Culture:
- We work hard, marching towards ambitious goals driven by a purpose that’s bigger than ourselves.
- We are impact-driven, seeking to make a difference not just on the affordable housing crisis but also in the lives of our employees, investors, and partners.
- We are disciplined, following our exclusive Elite Execution System to develop personally and professionally.
- We strive to Live Fully, finding fulfillment in all areas of our lives.
Our Core Values:
Driven For Greatness: We are driven by the pursuit of knowledge and the paramount importance of a growth mindset, cultivating greatness both personally and professionally.
Living Fully: We prioritize living fully with a dedication to achieving optimal health in all aspects of life: faith, family, friends, freedom, fun , fulfillment, fitness, and finance.
We are intentional with our time, integrating the 8fs of our life to achieve our goals & God’s goals.
Grit: We have the endurance and unshakable commitment necessary to achieve our visionary long-term goals.
Community: We elevate the greater good over individual interests, magnifying our impact and cultivating thriving relationships with investors, sponsors, residents, and our colleagues.
Authenticity: We are true to ourselves and others, steadfast in our beliefs and values. We hold ourselves and others accountable, fostering open dialogue to propel growth.
Prepared to Win: We apply discipline to our thoughts and our actions, which leads us to put forth consistent effort and commitment doing the important proactive work despite the urgent priorities we face each day. We plan to win, and are prepared for volatility and challenges.
Kingdom Impact: We share God's love and transformative power through our labor, serving everyone in God’s likeness. The world will know God more through our work and how we do it.
Twenty-Mile March: We march towards clear, well-defined goals and objectives with unwavering focus, constantly evaluating our performance and course correcting as needed.
Stewardship: We are guided by our commitments to those who trust us with their capital, their communities, and their careers.
Servant Leadership: We lead with high standards & deep devotion. We display as humble confidence as we build deep relationships and trust. We show the way through the forest, empowering growth, accountability, and a founder’s mentality, with team members regularly asking “What else can I do to achieve the desired results?”
Benefits and Perks:
Unlimited PTO, health/dental/vision/life insurance, 401(k) matching, parental leave, adoption services reimbursement/learning/educational incentives, Volunteer Time Off, well-being programs, company events, self improvement/productivity tools, & the incredible feeling of making a difference.
Equal Opportunity Employer:
DLP is a committed Equal Opportunity Employer. If you are a qualified individual with a disability and require assistance in searching for a position or submitting an application, please contact HR at hr@dlpcapital.com. Offers of employment are conditional upon satisfactory completion of pre-employment background verification (including E-Verify). California applicants can view our California Data Privacy Policy here.
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