Underwriter; Real Estate

Underwriter – Real Estate, Loan, Credit

New Millennium Consulting is seeking an experienced Underwriter with a background in Real Estate, Loan, and Credit.
Hourly: $45 - $50 per hour (W2).
Duration: 1 year +.

• Assist the Senior Banker / Originator and deal team with managing client relationships, originating and evaluating new business opportunities, managing the transaction process including due diligence, underwriting, credit approval and loan closing.
• Manage third‑party transaction consultants including underwriting support vendors.
• Assist capital markets and distribution team with support for securitization or syndication efforts.
• Ensure all transactions are executed in compliance with the Lending Policy, Credit Policy & Procedures, Underwriting guidelines, and relevant Business Procedures.

• Analyze and prepare initial underwriting for recommendation based on loan submission packages and available market data to present to capital markets and distribution team for pricing and to business line for review.
• Lead the underwriting and execution of signed deals through closing by working with clients and third party due diligence providers to ensure that all questions/issues are addressed as well as working with internal teams such as pricing, credit, legal and KYC to ensure deals continue to progress toward closing as per the timeline.
• Prepare Asset Summary Reports and underwriting models for portfolio and securitizations with the assistance of the underwriting support vendors.
• Assist the capital markets and distribution team through the syndication or securitization process by addressing investor or rating agency questions and assisting in the development of syndication or securitization material.
• Maintain deal data in the various databases and workflow management systems.
• Ensure all transactions are executed in compliance with the Lending Policy, Credit Policy & Procedures, Underwriting guidelines and the Business Procedures of the REH platform.
• Maintain day-to-day contact with client accounts.
• Interact with brokers and clients to provide deal feedback and manage expectations.
• Assist in managing the deal flow pipeline, including review and analysis of new loan requests and presenting a deal view to the business line.
• Assist Capital Markets, Syndication and Asset Management teams with due diligence questions including B‑piece buyers, rating agencies, and syndication partners.
• Assist the Real Estate platform in improving processes and procedures and working on special projects that improve the Real Estate platform.

• Minimum 5–10 years of experience at a bank or non‑bank CRE lending platform is preferred.
• Possess a solid foundation in commercial real estate analysis, valuation and loan origination (and closing) process.
• Strong financial modeling skills including proficiency with Excel; knowledge of Argus and Rockport (preferred).
• High attention to detail and ability to effectively handle a fast‑paced environment and successfully meet established tight deadline requirements.
• Strong verbal and written communication and interpersonal skills.
• Ability to work effectively in a team environment.
• Self‑motivated with the ability to work independently.

Bachelor’s degree required; a concentration in real estate is preferred.