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DSCR Underwriter

Tampa, FL 33602

Posted: 01/26/2024 Employment Type: Direct Hire Industry: Professional Services Job Number: 7682

Job Description

Wheeler Staffing Partners is hiring for a Multifamily Underwriter position based in Tampa, FL. The ideal candidate should have 4-5 years of experience in underwriting consumer residential and business purpose loans. This role involves analyzing loan applications, assessing credit profiles, reviewing financial statements, and ensuring compliance with underwriting guidelines.

Location: Tampa, FL
Hybrid - Tuesday, Wednesday, Thursday onsite / 2 days remote

  • Pre-underwrite loans in accordance with Toorak/MMTC guidelines.  Responsibilities will include:  
    • Review and reconcile loan applications to ensure the loan meets program requirements. 
    • Analysis of loan application, credit profile/report(s), debt and assets, financial statements, debt service coverage ratios, leverage ratios, appraisal reports, renovation budgets, borrower experience, title reports, collateral, and supporting documentation. 
  • Manage an ongoing pipeline of loans through the Toorak/MMTC loan buying process.  
  • Report on the status of loans within the pipeline on a regular basis  
  • Present loans to Help Desk and/or Credit Committee for exceptions and approvals. 
  • Condition files for missing/supporting documentation according to secondary market and Toorak/MMTC guidelines. 
  • Order and perform the preliminary review of all third-party reports (i.e. appraisal, appraisal reviews, background reports, inspections, and environmental reports) 
  • Collect, analyze, and approve all required due diligence. 
  • Perform property and market assessments to evaluate property conditions and market/submarket dynamics.
  • Bachelor’s degree required
  • Minimum 5 years of mortgage experience underwriting consumer residential and business purpose loans.
  • Experience with institutional lending and secondary market loan trading preferred.
  • 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
WSP specializes in filling your company’s contract, contract-to-hire, direct hire, contingency, and executive positions with professional candidates. From our Executive Retained Search Teams, Direct Hire and Contract Staffing Professionals, and RPO Service offerings we create models to deliver a world-class service, with a sense of urgency and professionalism. Our connections and our candidates combined with a staff backed by over 20 years of experience, ensure that our clients are seeing the right candidates for their career openings.

WSP is committed to creating a diverse environment and is proud to be an equal opportunity employer.

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