NewRez LLC
2023 Genesis Capital, LLC. All rights reserved. Genesis Capital, LLC (“Lender”) and its affiliates (collectively, “Genesis Capital”) originates business purpose loans. Loans are for business purposes only and not for personal, family, or household use. This does not constitute a commitment to lend. All loans must satisfy Lender’s underwriting guidelines and due diligence.Loan amounts, interest rates and costs presented are for informational purposes only and are subject to change without notice and at Lender’s discretion until such time a definitive agreement is duly executed by Lender and Borrower (and any other applicable parties). Other conditions may apply. Genesis Capital (NMLS ID # 1454907), and certain employees, perform acts for which a license is required; see
for details.VP, Underwriting Manager page is loaded## VP, Underwriting Managerlocations:
CA, Sherman Oakstime type:
Full timeposted on:
Posted Yesterdayjob requisition id:
R9000(the “Company”) is one of the largest business purpose lenders in the country, focused on providing commercial real estate financing solutions to real estate developers who buy, renovate, and sell single-family and/or multi-family residential real estate. The Company is a subsidiary of Rithm Capital (parent company), a publicly traded mortgage real estate investment trust.Responsible for management, training, resolving underwriting escalations, and the ongoing development of the credit underwriting staff. The Underwriting Manager will oversee the underwriting function, ensuring underwriting duties are performed thoroughly, timely, and in accordance with established guidelines and polices to appropriately identify and mitigate risks.The VP, Underwriting Manager, will be responsible for assigning underwriting assignments and managing the underwriting pipeline. These duties will include coordinating with the following teams: credit, operations, lending, and legal to ensure workflow is adjusted to adapt to changes in priorities. The VP, Underwriting Manager, will serve as the initial escalation point to resolve underwriting questions and will escalate, as necessary, matters to the Credit Team in accordance with the table of authority for resolution. At the direction of the Credit Team the VP, Underwriting Manager will be charged with screening complicated or large loan requests to ensure accuracy and periodic review of random samples of loan and sponsor approval memorandums to ensure quality and accuracy.# **ESSENTIAL FUNCTIONS** include the following. Other duties may be assigned.**Management*** Mentor credit and underwriting staff, providing training, performance feedback, and professional development.* Assign and prioritize underwriting tasks to ensure timely completion of loan and sponsor reviews.* Review and approve complex credit and asset underwriting decisions and escalate issues to credit management as needed.* Serve as the primary point of contact for internal departments regarding underwriting issues and resolutions.* Participate in hiring decisions and workforce planning for the underwriting team.* Serves as the primary contact and liaison for underwriting with credit, operations, lending, and legal to ensure workflow is adjusted to adapt to changes in priorities.**Credit and Underwriting*** In conjunction with the Credit Team, establish underwriting criteria and guidelines to ensure quality underwriting and sound credit practices.* Implement best practices and technology solutions to ensure efficient and high-quality production across the underwriting group.* With support and direction from the Credit Team, identify areas and implement solutions to enhance processes and procedures across underwriting and pipeline management.* In conjunction with the Credit Team, update and maintain credit underwriting policies and manuals to serve as a reference tool for existing employees and an onboarding tool for new hires.* Perform underwriting duties on high-risk or complex transactions as needed.**Compliance and Performance*** Monitor adherence to company policies, lending guidelines, and regulatory requirements.* Conduct quality control audits on underwritten files to ensure accuracy and completeness.* Collaborate with management to develop and implement process improvements for underwriting operations.* Maintain accurate reporting and tracking of team productivity and loan pipeline status.* With Credit Management oversight, implement a tiered training program for new hires and employees to expand Asset Underwriters' skillset and create a broader understanding of asset underwriting and credit underwriting.# **Education and Experience**To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.* Bachelor’s degree in business, or related field (MBA preferred).* Minimum 10+ years of real estate lending experience related to credit underwriting experience, including at least 5 years in a managerial, supervisory or lead role.* Strong knowledge of underwriting, banking, private credit, real estate finance, and construction lending.* Proven ability to manage and develop a team in a fast-paced environment.* Proficiency in MS Word and Excel; experience with underwriting systems.* Highly Proficient/Advanced in Excel, Word, PowerPoint, and database applications.# **Knowledge, Skills, and Abilities*** Leadership and team-building skills.* Strong analytical and decision-making abilities.* Excellent verbal and written communication skills.* Ability to manage multiple priorities and deadlines.* High attention to detail and commitment to accuracy.* Adapts to change easily in a fast-paced work environment.* Strong time management skills.* Strong interpersonal and communication skills with exceptional follow-through abilities.* Ability to collaborate with multiple stakeholders, internal and external, to achieve desired outcomes.* Strong written and verbal skills.*While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.****By applying to this position candidate acknowledges that this is not a remote role and is required to be on-site.****Compensation Range: $175,000 - $195,000/annual***Equal Employment Opportunity**
We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.Genesis Capital is the preferred capital partner for professional real estate investors seeking prompt and innovative financing solutions that support all phases of their residential projects.Genesis Capital’s senior leadership team has extensive expertise in real estate development, commercial banking, and corporate finance. Our unique business model and value proposition are based on long-term relationships with high-caliber, professional real estate investors, offering comprehensive loan programs to support developers throughout the property lifecycle with flexibility and speed. We leverage proprietary data and technology for market expansion, customer acquisition, underwriting, and risk monitoring. Our multi-faceted underwriting approach and construction expertise ensure strong growth, profitability, and strong credit quality.**Core Values*** **Ingenuity**: Sparking original ideas through groundbreaking solutions* **Collaboration**: Fostering a collective effort to drive success* **Solutions-Oriented**: Pursuing #J-18808-Ljbffr
for details.VP, Underwriting Manager page is loaded## VP, Underwriting Managerlocations:
CA, Sherman Oakstime type:
Full timeposted on:
Posted Yesterdayjob requisition id:
R9000(the “Company”) is one of the largest business purpose lenders in the country, focused on providing commercial real estate financing solutions to real estate developers who buy, renovate, and sell single-family and/or multi-family residential real estate. The Company is a subsidiary of Rithm Capital (parent company), a publicly traded mortgage real estate investment trust.Responsible for management, training, resolving underwriting escalations, and the ongoing development of the credit underwriting staff. The Underwriting Manager will oversee the underwriting function, ensuring underwriting duties are performed thoroughly, timely, and in accordance with established guidelines and polices to appropriately identify and mitigate risks.The VP, Underwriting Manager, will be responsible for assigning underwriting assignments and managing the underwriting pipeline. These duties will include coordinating with the following teams: credit, operations, lending, and legal to ensure workflow is adjusted to adapt to changes in priorities. The VP, Underwriting Manager, will serve as the initial escalation point to resolve underwriting questions and will escalate, as necessary, matters to the Credit Team in accordance with the table of authority for resolution. At the direction of the Credit Team the VP, Underwriting Manager will be charged with screening complicated or large loan requests to ensure accuracy and periodic review of random samples of loan and sponsor approval memorandums to ensure quality and accuracy.# **ESSENTIAL FUNCTIONS** include the following. Other duties may be assigned.**Management*** Mentor credit and underwriting staff, providing training, performance feedback, and professional development.* Assign and prioritize underwriting tasks to ensure timely completion of loan and sponsor reviews.* Review and approve complex credit and asset underwriting decisions and escalate issues to credit management as needed.* Serve as the primary point of contact for internal departments regarding underwriting issues and resolutions.* Participate in hiring decisions and workforce planning for the underwriting team.* Serves as the primary contact and liaison for underwriting with credit, operations, lending, and legal to ensure workflow is adjusted to adapt to changes in priorities.**Credit and Underwriting*** In conjunction with the Credit Team, establish underwriting criteria and guidelines to ensure quality underwriting and sound credit practices.* Implement best practices and technology solutions to ensure efficient and high-quality production across the underwriting group.* With support and direction from the Credit Team, identify areas and implement solutions to enhance processes and procedures across underwriting and pipeline management.* In conjunction with the Credit Team, update and maintain credit underwriting policies and manuals to serve as a reference tool for existing employees and an onboarding tool for new hires.* Perform underwriting duties on high-risk or complex transactions as needed.**Compliance and Performance*** Monitor adherence to company policies, lending guidelines, and regulatory requirements.* Conduct quality control audits on underwritten files to ensure accuracy and completeness.* Collaborate with management to develop and implement process improvements for underwriting operations.* Maintain accurate reporting and tracking of team productivity and loan pipeline status.* With Credit Management oversight, implement a tiered training program for new hires and employees to expand Asset Underwriters' skillset and create a broader understanding of asset underwriting and credit underwriting.# **Education and Experience**To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.* Bachelor’s degree in business, or related field (MBA preferred).* Minimum 10+ years of real estate lending experience related to credit underwriting experience, including at least 5 years in a managerial, supervisory or lead role.* Strong knowledge of underwriting, banking, private credit, real estate finance, and construction lending.* Proven ability to manage and develop a team in a fast-paced environment.* Proficiency in MS Word and Excel; experience with underwriting systems.* Highly Proficient/Advanced in Excel, Word, PowerPoint, and database applications.# **Knowledge, Skills, and Abilities*** Leadership and team-building skills.* Strong analytical and decision-making abilities.* Excellent verbal and written communication skills.* Ability to manage multiple priorities and deadlines.* High attention to detail and commitment to accuracy.* Adapts to change easily in a fast-paced work environment.* Strong time management skills.* Strong interpersonal and communication skills with exceptional follow-through abilities.* Ability to collaborate with multiple stakeholders, internal and external, to achieve desired outcomes.* Strong written and verbal skills.*While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.****By applying to this position candidate acknowledges that this is not a remote role and is required to be on-site.****Compensation Range: $175,000 - $195,000/annual***Equal Employment Opportunity**
We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.Genesis Capital is the preferred capital partner for professional real estate investors seeking prompt and innovative financing solutions that support all phases of their residential projects.Genesis Capital’s senior leadership team has extensive expertise in real estate development, commercial banking, and corporate finance. Our unique business model and value proposition are based on long-term relationships with high-caliber, professional real estate investors, offering comprehensive loan programs to support developers throughout the property lifecycle with flexibility and speed. We leverage proprietary data and technology for market expansion, customer acquisition, underwriting, and risk monitoring. Our multi-faceted underwriting approach and construction expertise ensure strong growth, profitability, and strong credit quality.**Core Values*** **Ingenuity**: Sparking original ideas through groundbreaking solutions* **Collaboration**: Fostering a collective effort to drive success* **Solutions-Oriented**: Pursuing #J-18808-Ljbffr