Underwriter

AlphaFlow

New York City, NY, US
  • Job Type: Full-Time
  • Function: Accounting/Finance
  • Post Date: 01/14/2021
  • Website: alphaflow.com
  • Company Address: 44 Tehama Street, San Francisco, CA, 94105

About AlphaFlow

AlphaFlow is a tech-driven investment manager, providing professionally managed portfolios of real estate loans to institutional investors. We partner with non-bank real estate lenders around the country who provide 6-12 month bridge loans on single-family and small multifamily properties, to buy their loans and help them grow their businesses. We use software to streamline and automate today’s manual workflow and strive for simple and elegant solutions at every step. By leading with technology and data analytics, AlphaFlow is the first company to make the $50 billion fix-and-flip industry available to institutional investors at scale and quality.

Job Description

**This role will be based in either Austin, San Francisco, or New York City.**
Unfortunately we cannot provide any sponsorship now or in the near future.
 
The Underwriter will play a critical role on our Underwriting Team and you will report to the Director of Underwriting.  You will be responsible for conducting loan level due diligence and in order to be successful in this role you will have experience in underwriting and developing valuations on SFR and multi-family (2-4 unit) properties. You are always thinking about how to automate or streamline a typically manually intensive process.  You love numbers, are extremely detail oriented, and you care about technology.  

Deliverables you’ll be measured on:

    • Conduct loan-level due diligence on loans presented for purchase to conform with AlphaFlow’s Underwriting Guidelines. Due diligence activities include reviewing loan packages for completeness, developing independent valuations on SFR and multi-family (2-4 unit) properties and conducting credit analysis on the borrower.
    • Daily management of the pipeline of loans submitted for purchase.
    • Partnering with internal and external stakeholders to create a credit approval package on a loan by loan basis.
    • Manage transactions and work closely with third-parties involved in diligence to ensure proper credit guidelines are followed.
    • Work closely with our Lender Partnerships team to assist with account management as it relates to loan submissions and production.
    • Perform other related duties or special ad hoc projects.

Skills/experience that will set you up for success in this role:

    • 2+  years experience in mortgage lending or financial services (ideally accompanied by a Bachelor’s Degree in Accounting, Finance, Economics or Real Estate).
    • Experience underwriting and developing valuations on SFR and multi-family (2-4 units) properties.
    • Strong analytical, organizational, and written and verbal communication skills.
    • Proficiency in Excel, Word, and PowerPoint.
    • Excellent multitasking skills and attention to detail.
    • Authorization to work in the United States without sponsorship.

Nice to Haves:

    • Lending experience.
    • Experience with residential fix ‘n flip lenders/loans.
    • Startup experience.
    • Experience with financial/credit analysis including reviewing financial statements.
Access. Transparency. Technology. Founded in 2015, AlphaFlow is a technology-driven investment manager providing professionally managed portfolios of real estate loans. We make the $75 billion fix-and-flip industry accessible to institutional investors. With the recent launch of our new platform, TITAN, we’ve opened up our institutional platform to smaller investors.
 
As a result of leading with technology and data analytics AlphaFlow is able to provide transparency & speed at a rate our competitors can’t. We partner with non-bank real estate lenders who provide 6-12 month bridge loans on single-family and small multifamily properties by purchasing their loans thereby helping them grow their businesses.
 
AlphaFlow uses software to streamline and automate today’s manual workflow and our engineering team is constantly developing simple and elegant solutions to further automate a manually intensive industry. 
 
AlphaFlow is proud to be an equal opportunity workplace and is an affirmative action employer. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, or Veteran status. 
 
Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

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Disclaimer: Local Candidates Only
This company does NOT accept candidates from outside recruiting firms. Agency contacts are not welcome.