Mortgage Underwriter

Job description

Mortgage Underwriter

Company

Toorak Capital Partners ("Toorak") is an integrated correspondent lending platform that funds small balance business purpose residential, multifamily, and mixed-use loans throughout the U.S. and the United Kingdom. Headquartered in Summit, N.J., Toorak acquires and manages loans directly from private lenders that originate high credit quality loans. Toorak is a recognized leader in mortgage credit in the residential and commercial space, real estate lending, capital markets, securitization, asset-liability management, and asset management.

Toorak has been recognized by NJBIZ as the #1 fastest growing company for last two years; Toorak has earned the #3 spot for the Fastest Growing Company in NYC Metropolitan Area by Crain's New York Business.

Job Description: Mortgage Underwriter

· Collect, package, review, and reconcile loan application documents under various underwriting programs

· Order and perform the preliminary review of all third-party reports (appraisal, inspection and environmental)

· Underwrite loans in accordance with Toorak guidelines

· Present loans to Credit Committee for exceptions and approvals

· Collect, analyze, and approve all required due diligence

· Perform property and market assessments to evaluate property conditions and market/submarket dynamics

· Mentor and train junior staff

Qualifications/Job Requirements:

· Minimum 4-year degree

· Minimum 4 years of mortgage underwriting experience (commercial preferred)

· Credit training is a plus but is not required

· Effective pipeline management skills

· Proven track record of taking ownership and successfully delivering results in a fast-paced, dynamic environment

· Exceptional interpersonal, written, and verbal communication skills

· Proficient in Microsoft Office, especially in Excel and Word

Job Type: Full-time

Pay: $75,000.00 per year

Schedule:

• 8 hour shift

Education:

• Bachelor's (Required)

Experience:

• Underwriting: 4 years (Preferred)

Work Location: Multiple Locations