Underwriting Manager

The Underwriting Manager will focus on developing processes and personnel to cultivate top-notch underwriters, demonstrating sound critical reasoning and conviction. Additionally, this role will establish first-look valuation and execution analysis for incoming submissions, and conduct data integrity reviews to ensure consistent quality in fully underwritten files before submission for loan approval.

What you have already achieved: (Requirements) 

• Bachelor's degree in finance, economics, business, or a related field. MBA or a Master's in Finance (preferred).
• Minimum of 3 years experience in private credit, direct lending, or credit underwriting in multifamily industry.
• Strong credit analysis skills such as analyzing financial statements, conducting due diligence, and evaluating the financial health of owner/operator or developers organization.
• Experience in understanding lending regulations, disclosure requirements, and compliance frameworks.
• Proficiency in financial modeling to include building financial models, conducting sensitivity analysis, and stress testing assumptions.

What you are great at: (Responsibilities) 

• Playing an integral role within the larger Credit team, you will provide direct support to the Director of Risk, mentor junior team members, and serve as a resource to the Sales Team and other operating departments.
• Maintaining a “first contact point,” of the pipeline and quickly determining the borrower’s ability to exit the loan while evaluating loan strength through factors such as ROI, DSCR, and After Repair Value.
• Developing a deal narrative encompassing the viability and valuation of the project, considering the market, borrower's experience, and expertise in the subject market. This involves conducting initial screening calls with first-time borrowers to establish rapport and familiarize the credit team with the story behind each borrower's expected success.
• Managing the pipeline of residential loans by allocating deals based on capacity and familiarity with clientele, developing daily agendas, and providing insights through weekly reporting.
• Conducting a final integrity analysis to ensure loans meet credit standards, are leverageable, and have crafted analytical narratives highlighting the operator’s ability to exit. Additionally, ensuring data entry accuracy.
• Occasionally participating in Credit Committee meetings or providing written support toward actionable recommendations.
• Support Debt placement for take out financing.
• Compiling data from all tools and platforms to provide insights that the team can use to meaningfully enhance the 'Pro Deal Mentality' ingrained in the Credit team.
• Underwriting loan requests and documents, including borrower financials, credit report, tax returns, bank statements, REO schedules, personal financial statements, investment track records, appraisals, and property inspections, in order to properly assess risk factors.
• Reviewing appraisals and secondary valuations in depth with special focus on appropriateness of value and comparables.
• Ensuring that any loans perceived to have risk always have clearly stated and identified mitigants.
• Exhibiting a deep understanding of firm's loan underwriting guidelines, pricing grids and leverage partners’ credit boxes to identify loans that are ineligible.
• Continuously providing feedback and suggestions on ways for DLP Capital to improve its processes and procedures.

What You’re Motivated By: 

• Making an impact. Whether it's the residents who call our Thriving Communities home, the investors who trust us to be stewards of their capital,  or the sponsors we work with to 10x their business, everything we do is about making an impact. 
• Challenges. You see roadblocks as opportunities and are proactive in finding solutions. 
• Growth. We’ve been named to the Inc. 5000 as one of the Fastest-Growing Private Companies in America for eleven consecutive years. 

Who We Are

What We Do In One Sentence:

We finance the building of Thriving Communities. 

Our Mission:

We are changing the nation through the building of Thriving Communities. We are the leader in funding the building of Thriving Communities centered in safe, attainable housing. 

Our Purpose:

To passionately make an extraordinary impact by transforming lives and building Thriving Communities. 

Our Big, Hairy, Audacious Goal (BHAG):

To positively impact and transform 10 million lives by funding the building of 5,000 Thriving Communities, becoming one of America’s 100 largest private companies.

Our Culture:

• We work hard, marching towards ambitious goals driven by a purpose that’s bigger than ourselves. 
• We are impact-driven, seeking to make a difference not just on the affordable housing crisis but also in the lives of our employees, investors, and partners. 
• We are disciplined, following our exclusive Elite Execution System to develop personally and professionally. 
• We strive to Live Fully, finding fulfillment in all areas of our lives.

Our Core Values:

Driven For Greatness: We are driven by the pursuit of knowledge and the paramount importance of a growth mindset, cultivating greatness both personally and professionally.

Living Fully: We prioritize living fully with a dedication to achieving optimal health in all aspects of life: faith, family, friends, freedom, fun , fulfillment, fitness, and finance. . We are intentional with our time, integrating the 8fs of our life to achieve our goals & God’s goals.

Grit: We have the endurance and unshakable commitment necessary to achieve our visionary long-term goals.

Community: We elevate the greater good over individual interests, magnifying our impact and cultivating thriving relationships with investors, sponsors, residents, and our colleagues.

Authenticity: We are true to ourselves and others, steadfast in our beliefs and values. We hold ourselves and others accountable, fostering open dialogue to propel growth.

Prepared to Win: We apply discipline to our thoughts and our actions, which leads us to put forth consistent effort and commitment doing the important proactive work despite the urgent priorities we face each day. We plan to win, and are prepared for volatility and challenges.

Kingdom Impact: We share God's love and transformative power through our labor, serving everyone in God’s likeness. The world will know God more through our work and how we do it.

Twenty-Mile March: We march towards clear, well-defined goals and objectives with unwavering focus, constantly evaluating our performance and course correcting as needed.

Stewardship: We are guided by our commitments to those who trust us with their capital, their communities, and their careers .

Servant Leadership: We lead with high standards & deep devotion. We display as humble confidence as we build deep relationships and trust. We show the way through the forest, empowering growth, accountability, and a founder’s mentality, with team members regularly asking “What else can I do to achieve the desired results?”

Benefits and Perks:

Unlimited PTO, health/dental/vision/life insurance, 401(k) matching, learning/educational incentives, Volunteer Time Off, well-being programs, company events, self improvement/productivity tools, & the incredible feeling of making a difference.

Equal Opportunity Employer:

DLP is a committed Equal Opportunity Employer. If you are a qualified individual with a disability and require assistance in searching for a position or submitting an application, please contact HR at hr@dlpcapital.com. Offers of employment are conditional upon satisfactory completion of pre-employment background verification (including E-Verify). California applicants can view our California Data Privacy Policy here.