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DATE ADDED: Mon 24/09/2018

Asset Underwriter

Los Angeles, USA
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COMPANY: GENESIS CAPITAL

Job Description

The Genesis Capital office is located in Woodland Hills, CA currently, but will be relocating to Sherman Oaks, CA

SEEKING: ASSET UNDERWRITER

Genesis Capital LLC (“Genesis”) one of the largest private-money lenders in the US focused on providing responsive, flexible and reliable personal service to highly qualified and experienced real estate developers who buy, renovate, and sell single family residential real estate and/or multi-family apartment buildings. Recently acquired by Goldman Sacks in 2018, the Company's strategy is to dramatically grow core business nationally and enter adjacent products/markets to achieve $3+billion in originations by 2020.

SUMMARY Under the direction of the SVP of Asset Underwriting, the Asset Underwriter will coordinate with Loan Processor(s), Sales Support Specialist(s), Risk, Legal and the Construction Department to ensure a complete loan file has been received to proceed with the underwriting of the collateral/asset file. The Underwriter will present underwriting findings to Senior Management to proceed with loan decision. 

ESSENTIAL FUNCTIONS include the following. Other duties may be assigned.

  • Provide excellent customer service and problem-solving solutions with all parties to the loan before, during and after closing
  • Quality Control all documents received
  • Review Funding Sheet for accuracy
  • Review escrow/purchase/construction documents for accuracy
  • Review preliminary title report/title commitments for any encumbrance that would affect Genesis 1st lien priority.
  • Review plans, permits and reconciliation of costs spent to date
  • Review appraisal for completeness and conformity with USPAP and FIRREA guidelines.
  • Ensure collateral/asset file meets Genesis and senior investor loan guidelines
  • Present underwriting findings to senior management for loan decision
  • Update internal management tracking system daily
  • Determine Prior to Doc, Prior to Funding and Post Close conditions
  • Present file to senior management for funding clearance

BASIC QUALIFICATIONS 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.

  • Must have High School Diploma or GED; Bachelor’s degree preferred
  • Minimum 4 + years mortgage loan underwriting or related experience
  • Private money and construction lending experience a plus
  • Solid understand of processing with regards to underwriting and funding process
  • Proficient in MS Word and Excel
  • Self-motivated with strong desire to succeed
  • Strong interpersonal and communication skills with exceptional follow-through abilities
  • Excellent verbal and written communication skills

DESIRED CHARACTERISTICS

  • Self-motivated with strong desire to succeed
  • Detail oriented and organized with ability to multi-task
  • Strong customer services skills
  • Strong business acumen
  • Takes initiative with a clear business purpose in mind
  • Continually seeks to improve business processes
  • Adapts to change easily in a fast working environment
  • Follows direction easily
  • Excellent time management skills
  • Team Player

Genesis Capital is an equal opportunity employer.

Company Description
Genesis Capital is one of the largest private money lenders in the country, focused on providing commercial real estate financing solutions to real estate developers who buy, renovate, and sell single-family residential real estate and/or multi-family apartment buildings. Genesis is a 100% subsidiary of Goldman Sachs (parent company), a global leader in financial services and investment management.


Role: Asset Underwriter
Job Type:
Location: Los Angeles,

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