Senior Underwriter

Description

Lima One Capital is looking for a dynamic underwriter to join the Lima One Capital team. This is an

exciting new opportunity for an experienced underwriter to be part of the continued growth and success at Lima One Capital’s Headquarters in Greenville, South Carolina. The Underwriter will focus on providing detailed underwriting and review of short-term loan and rental loan submissions and will be an integral part of deal approvals and customer experience. The Underwriter will work in a fast-paced environment, working closely with our clients, the sales team and other third parties that may be involved including vendors and brokers.

Duties and Responsibilities:

• Underwrite on a Borrower level and an Asset level
• Manage pipeline of assigned files and ensure turn around times are being met
• Borrower and Broker facing role where effective communication will be key to obtain documentation and additional clarification needed to underwrite the loan request
• Analyze rent rolls, bank statements, credit reports, background reports, rehab budgets, scope of work, appraisals and additional items depending on loan submission
• Closely collaborate with third parties such as appraisers, title, escrow, brokers and legal to ensure an efficient and timely closing
• Identify key risks and mitigants on a Borrower and Asset level during underwriting
• Confirm entity ownership structure and identify Guarantors, Managers/Members and Authorized Signers
• Verify pricing and terms are correct once all data and underwriting is completed
• Follow Company guidelines when performing due diligence on Borrower and Asset
• Update respective documents into LOS and server accordingly
• Ability to handle multiple transactions in the pipeline and execute thorough due diligence
• Pull property profile report to verify ownership and date of subject property and track record
• Assist with other duties and projects as assigned by management
• Other duties as assigned

Requirements

Qualifications:

• 3-5 years of experience in the business purpose lending space preferred (i.e., familiarity with short-term and long-term financing products)
• Hands on experience reviewing property profile reports, appraisals, title documentation, financial documentation, credit/background reports, rehab budgets, track records and SREO’s
• Experience looking at Operating Agreements, Limited Partnership Agreements and Corporation documentation 
• College degree (BA/BS) in Econ/Finance/Real Estate, or related field
• Ability to adapt quickly to new processes and systems
• Valid driver’s license
• Authorized to work in the US
• Must be able to pass a background screening and drug test in accordance with applicable laws

Desired Skills:

• Experienced in excel. No modeling experience required, but a solid understanding of the functions/formulas involved is preferred 
• Proficiency in Microsoft Office Suite 
• Highly self-motivated and a self-starter 
• Exceptional written and verbal communication skills 
• Displays strong communication, problem-solving, and time management skills
• Ability to exercise good judgment and solve problems independently 
• Desire to contribute in a variety of ways to the overall success of the enterprise 
• Strong team player

What We Offer:

Industry Leading Benefits:

• Medical, Dental and Vision Insurance
• Life Insurance, Short-Term Disability, and Long-Term Disability
• Hospitalization and Accidental Insurance
• Flexible Spending Accounts – Health and Dependent Care
• Health Savings Account
• Safe Harbor 401K with company match
• Growing Families Support (including paid parental leave, infertility support and assistance, childcare reimbursement, and elder care)
• Pet Insurance
• Work Life Balance: 12 paid time off days and 5 sick days, in addition to 12 paid holidays – that’s about a month of time to rest, relax, and recharge every year.
• Career Development: We prioritize the growth and success of our team members. You'll benefit from continuous learning opportunities, dedicated mentorship, and the chance to refine your skills and advance your career.
• New Headquarters: Join us in our brand new, thoughtfully designed office in the heart of Downtown Greenville (parking is paid for!)

Why Lima One?

At Lima One Capital we’re relentlessly focused on a simple but powerful goal: to be the nation’s premier lender for real estate investors. Inspired by that vision, every member of our team is driven by our mission to create o