Senior Associate, Underwriting, Homebuilder Solutions

Overview

Support the underwriting and structuring of new residential homebuilder and developer lending opportunities within Brio Homebuilder Solutions, which finances production homebuilders and residential developers nationwide.

What you'll do

• Underwrite new homebuilder and residential development lending opportunities, including review of borrower financials, inventory reporting, project information, and other due diligence, and support transactions through the credit-review and closing process.
• Prepare Property Level Review and return models, Sources & Uses, project budgets and pro formas, LTV funding schedules, interest-reserve analyses, and other transaction-level underwriting models.
• Evaluate project profitability, development timing, land pipelines, lot take-down schedules, sales activity, repayment assumptions, and expected draw schedules for A&D transactions.
• Evaluate borrower strength, project characteristics, and market conditions using applicable scoring frameworks and underwriting criteria.
• Analyze sale comparables, absorption trends, months of supply, pricing, affordability, and product/market fit to support underwriting assumptions.
• Support the development of curtailment schedules, financial covenants, funding conditions, and other structural credit protections; review required financial and inventory reporting, calculate covenant measurements, and assess compliance.
• Develop preliminary funding estimates during underwriting and refine funding requirements as project budgets, appraisals, and final closing information become available.
• Prepare concise, decision-ready underwriting analysis, project materials, and supporting documentation for Credit review and approval, including applicable back-leverage requirements.
• Maintain visibility into transactions through closing and coordinate with Credit, Legal, and other stakeholders to ensure material closing terms, funding requirements, and credit conditions remain consistent with approved underwriting.
• Enter and validate transaction and project information and confirm consistency of key terms and assumptions across underwriting models, the Loan Pipeline, Data Tape, Pricing Tape, and related reporting.
• Evaluate the proposed transaction within the borrower's broader relationship and summarize key strengths, risks, and mitigants.

What you'll need

• MBA in Finance or bachelor's degree in finance, Accounting, Economics, Real Estate, Business Administration, or a related field.
• 4-7 years of experience in commercial banking, real estate lending, credit analysis, underwriting, or a related financial-services role.
• Strong understanding of residential land development, A&D lending, homebuilder finance, and real estate credit fundamentals.
• Experience analyzing borrower and guarantor financial statements, project budgets, and transaction structures.
• Understanding of housing-market fundamentals, including absorption, housing starts, lot-development cycles, affordability, and sales velocity.
• Experience preparing credit analyses and supporting underwriting or loan-approval processes.
• Advanced Microsoft Excel proficiency, including financial modeling, sensitivity analysis, and data validation.
• Strong analytical, problem-solving, and written communication skills.
• Ability to manage multiple transactions while maintaining accuracy and attention to detail.
• Ability to work independently and collaborate effectively with underwriting, credit, and relationship-management teams.

Nice to have

• Experience in underwriting production homebuilders, residential developers, or complex multi-phase projects.
• Experience in reviewing appraisals, development budgets, Sources & Uses, and third-party diligence.
• Knowledge of master-planned community underwriting and horizontal and vertical development.
• Experience in preparing materials for credit committee or similar investment-approval processes.