Residential Transition Loan; RTL Underwriter

Position: Residential Transition Loan (RTL) Underwriter
Location: California

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  # 1454907), and certain employees, perform acts for which a license is required;

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Residential Transition Loan (RTL) Underwriter page is loaded## Residential Transition Loan (RTL) Underwriter locations:
Remote, NC:
CA, Sherman Oakstime type:
Full time posted on:
Posted Todayjob requisition :
R9058(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.# Primary Function The Residential Transition Loan (RTL) Underwriter - Express serves a critical role in upholding Genesis Capital’s credit-first culture through rigorous risk assessment and sound underwriting principles.

They are a key contributor in evaluating and underwriting real estate investment loans, including fix & flip, bridge, and construction financing. This role combines asset-level risk analysis with borrower credit assessment to ensure sound, profitable lending decisions. Ideal candidates bring strong expertise in deal-level underwriting fundamentals, borrower credit evaluation, and real estate project viability.

Success in this position requires the ability to analyze complex transactions, assess renovation budgets and exit strategies, and structure loans that align with program guidelines and market dynamics. The RTL Underwriter manages a high-volume pipeline in a fast-paced environment, balancing speed, accuracy, and risk mitigation. Collaboration is essential—this role partners closely with Sales, Valuations, Construction, and Operations to deliver timely, high-quality underwriting decisions.
** ESSENTIAL FUNCTIONS
** include the following. Other duties may be assigned.
* ** Credit & Borrower Analysis
*** Assess borrower financial strength through credit review and liquidity analysis, escalating potential issues as needed.
* Validate borrower experience and track record in investment property projects.
* ** Collateral & Project Evaluation
*** Underwrite RTL and fix & flip loans, analyzing collateral value, renovation scope, exit strategy, and local market dynamics.
* Review renovation budgets for accuracy and alignment with market comps and borrower objectives.
* Confirm hazard and liability insurance compliance with program standards.
* ** Guideline & Risk Management
*** Ensure loan eligibility within program guidelines and risk thresholds.
* Review exceptions and provide clear recommendations to credit approvers.
* Ensure compliance with Genesis Capital’s credit policy, asset-level guidelines, and investor requirements.
* ** Cross-Functional Collaboration
*** Partner with Sales, Valuations, Construction, and Operations to collect and verify due diligence documentation.
* Provide underwriting feedback to Sales for deal structuring and eligibility discussions.
* Participate in pipeline meetings and provide underwriting insight to expedite approvals and resolve issues.
* ** Documentation & Systems
*** Review and validate key title documents (e.g., estoppels, title reports, indemnities).
* Manage a pipeline of borrower and asset underwrites within Genesis Capital SOP’s and service level agreements (SLA’s).
* Accurately input underwriting data into LOS and related systems with a focus on attention to detail.
* Performs related duties as assigned by…