Real Estate Underwriter- National Lending & Loan Acquisitions

POSITION SUMMARY: An established, fast-growing bank located in Boston is searching for an experienced real estate analyst to support its loan purchasing and national CRE and SBA lending platforms. The role will involve a fair amount of deal screening, generating a view on collateral quality, valuation and liquidity as they relate to loan parameters, advising senior management on this research, and preparing written analyses of real estate collateral for a variety of lending opportunities. The successful candidate will have experience in a fast-paced real estate investment or real estate lending environment, have high quality writing ability, and a general familiarity with national real estate markets, and accepted real estate valuation techniques. This role is located at the bank s corporate offices in Boston, two blocks from Back Bay Station. Please visit our website at northeastbanklasg.com to find out more about us. RESPONSIBILITIES:

• Review business development opportunities (both new loan originations and loans available on the secondary market for purchase) and develop a summary view of collateral value, quality and liquidity; concisely and effectively communicate conclusions and make recommendations to senior management and business development officers
• Complete underwriting, appraisal reviews and valuation analysis on collateral securing loans in all business lines of the bank, and provide CRE expertise as part of a fully integrated, in house due diligence team
• Participate in discussions with senior management regarding loan opportunities; provide recommendations and expertise related to collateral securing loans being considered for purchase or origination
• Advise asset managers and other members of the loan underwriting team on real estate collateral issues and risks
• Complete site inspections on real estate collateral, as needed, in markets nationwide
• Assist in preparation of market studies, stress tests, and other analysis relating to the Bank s loan portfolio and/or potential opportunities, as well as maintain and update systems supporting the pipeline and asset management

KNOWLEDGE, SKILLS AND ABILITIES:

• Demonstrate strong written and verbal communication skills
• High attention to detail and strong research skills, both online and on the phone.
• Possess intermediate to advanced Excel skills.
• BA/BS required.
• At least 2-3 years in a lending or real estate environment required, and formal bank credit training is preferred. The Bank will consider an enhanced role for a candidate with more experience.

PHYSICAL DEMANDS AND CONDITIONS:

• Must be able to remain in a stationary position for long periods of time.
• Some travel is required.
• Must be able to occasionally lift up to 25lbs.
• Consistently operates a computer and other office machinery such as calculator, copy machine and printers.
• Climate controlled general office setting with moderate noise level.

Northeast Bank is an equal employment opportunity and affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity and expression, national original, veteran status and any other classification protected by Law.