Underwriter

About Ascent

Ascent Developer Solutions is a leading private lending platform, serving real estate developers nationwide in the acquisition, renovation, and construction of residential real estate. Founded by a leadership team with a deep understanding and personal experience in virtually every facet of real estate development, Ascent is uniquely positioned to create custom, innovative lending solutions for a variety of real estate development business strategies.

The Role

This position requires proven success in Commercial and Construction loans, and both Sponsor and Loan underwriting. Also, productivity, organization, and maintenance of high morale.  

The Underwriter is responsible for effective cross-functional collaboration with internal counterparts, supervisors, and senior leadership. 

The Work

• Underwrite at both Sponsor and Loan level, Portfolio Monitoring, and Compliance.
• Working knowledge and practical application of Credit Policy, Front-End Guidance, and credit support documents.
• Be a contributing member of the Underwriting and Credit Analysis teams.
• Recommend and implement best practices as part of AscentDS’ dedication to creating an industry-leading customer experience.
• Improve the efficient and timely Underwriting processes, and ongoing monitoring improvement opportunities.
• Produce concise, complete, consistent, and accurate work products for approval authority(s), primarily Credit Approval Documents and Underwriting Packages.
• Develop and maintain effective working relationships with Loan Officers and the Sales support team.

Your Skills & Experience

• 3 years proven experience in both Construction Project and Sponsor Underwriting, preferably in regulated financial institutions.
• 2 years risk assessment and portfolio management, preferably in a financial services or lending institution.
• Bachelor's degree in finance, business, or related field.
• Knowledge of financial analysis, credit risk modeling, and regulatory compliance.
• Exceptional interpersonal and written communication skills.
• Proficiency in financial software and tools, including LOS, financial spreads and risk-scoring tools.

The Work Environment

• This role works on-site from Ascent's Encino office, Monday - Thursday (Fridays are work-from-home).
• Full-time, 40 hours per week; must be available for occasional overtime.
• Some nights and weekends required.

Salary Range

Salary range is $90k-$130k per year, with a discretionary bonus adding up to 20% per year.

Our Benefits

We offer a comprehensive benefits package designed to support your health, well-being, and work-life balance. Our benefits include five health plans, two dental plans, health savings and flexible spending accounts, vision coverage, a 401(k) plan, and other optional benefits from which to choose.

Our Pledge

We pledge to be fair and considerate in hiring and promoting individuals, ensuring everyone can contribute their fullest potential regardless of background, identity, or personal circumstances. By promoting equal opportunity, we not only enhance our workplace but also contribute to a more just and equitable society. At Ascent, we stand united in building a community where everyone is empowered to succeed. Thank you for joining us on our journey towards a more inclusive future.