Founded in early 2008, Fay Servicing is committed to providing innovative servicing solutions for both performing and non-performing mortgage loans. As a specialty mortgage servicer and originator that sees the customer behind every loan, we understand that our customers aren’t loan numbers — they’re homeowners.

Before founding our company, we conducted an exhaustive analysis of the mortgage servicing industry and gained valuable insight into the problems facing mortgage servicers and their customers. With that insight, we set out to build a different kind of servicing company from the ground up.

Come join us on our journey to serve our customers and be the leader in our industry! We are currently looking for an Underwriter to join our team!

The Underwriter will be responsible for making informed credit extension recommendations to the Constructive Loans Credit Committee. The borrowing clientele will consist of experienced and non-experienced Real Estate Investors seeking financing solutions for residential investment projects. The underwriter will play a key role in maintaining the quality of the firm’s assets and mitigating financial losses through the form of a detailed analysis of a borrower’s credit, financial profile, track record, and collateral characteristics. Extensive knowledge of generally acceptable underwriting and lending practices is essential and required. The underwriter will assure that all credit recommendations and property financing loan approvals conform to Constructive Loans Underwriting Guidelines and Investor purchase requirements. The underwriter will be responsible for maintaining all Service Level Agreements established by the Company. Extended work hours may be necessary during peak workflow periods. The Constructive Loans underwriter should always act in a manner consistent with the Company’s commitment to providing an outstanding experience for its clients.

What you will do for Constructive Capital:

• Develop a thorough understanding of all Constructive Loans product and program underwriting guidelines, documentation requirements and processing, underwriting, closing, and post-closing procedures
• Work closely with mortgage originators and processors to qualify for mortgage loans.
• Work closely with the processors and closers to clear closing conditions.
• Review all mortgage loans for creditworthiness and compliance with Constructive Loans underwriting standards.
• Make approval or denial recommendations for all mortgage applications.
• Assure that all mortgages are of investment quality and acceptable for sale to the Company’s secondary market conduits.
• Must meet departmental minimum standards
  • Ensure department security procedures are adhered to.
  • Consistently maintain the expected level of production.
• Act as a liaison between the sales and operations management team
• Identify and describe compensating factors when communicating loan exception requests when warranted
• Produce detailed Credit Memorandums addressed to a Loan Approval and Credit Committee
• Resolve various inquiries through clear and detailed explanations

What you will bring to Constructive Capital:

• High school diploma/GED required; Bachelor’s Degree preferred or equivalent and relevant work experience
• 2-5 years of mortgage loan underwriting experience
• Ability to work independently
• Self-motivated
• Must be detail-oriented
• Ability to handle multiple priorities
• Ability to work in a fast-paced environment and meet deadlines
• Excellent written and oral communication skills with the ability to effectively handle conflict and resolve problems
• Strong communication, analytical, organizational, and problem-solving skills
• Strong working knowledge of Microsoft Office software programs

Diversity, Equity, and Inclusion are deeply embedded into our way of working at Fay. We believe that the best ideas come from having a team that is diverse in backgrounds, experiences, and perspectives. We strive to ensure each of our employees feels valued, respected, and included and is presented with equal opportunities to be successful here at Fay. We are proud to be an equal opportunity workplace. The Fay Group and affiliated companies participate in E-Verify. For more information go to www.dhs.gov/E-Verify. E-Verify is a registered trademark of the U.S. Department of Homeland Security.