CoFi is a fast-growing fintech startup based in Utah that specializes in construction lending, payments, and finance. Our proprietary lending, risk mitigation, and payment software platform is revolutionizing the construction industry by increasing lending availability, speeding up payments, and de-risking construction finance. Come make an impact in an industry ripe for disruption!

The Construction Loan Underwriter is responsible for assessing the creditworthiness of construction loan applicants and evaluating the feasibility and risk associated with proposed construction projects. This role involves analyzing financial statements, budgets, appraisals, and other relevant documents to determine loan approval or denial.

Loan Analysis:

• Reviews loan applications, financial statements, and supporting documentation.
• Performs thorough credit analysis
• Evaluates the borrower's credit history and capacity to repay the loan.
• Assesses the project's feasibility, including market analysis, construction plan analysis and construction budget review.
• Assess GC contracts and appraisal reports for accuracy

Risk Assessment:

• Identifies potential risks associated with the construction loan, such as construction delays, cost overruns, and economic downturns.
• Implements risk mitigation strategies, such as requiring additional collateral or reserves.
• Ability to monitor construction progress and draws to ensure compliance with loan terms.

Documentation:

• Prepares detailed loan packages and underwriting reports.
• Maintains accurate and complete loan documentation.
• Ensures compliance with all regulatory requirements.
• Prepares loan documents to be executed by the borrower

Communication:

• Communicates effectively with loan officers, borrowers, and other stakeholders.
• Provides clear and concise explanations of loan decisions.
• Answers questions and resolves issues related to the underwriting process.

Compliance:

• Stays updated on industry regulations and compliance requirements.
• Ensures adherence to underwriting policies and procedures.
• Identifies and reports potential compliance issues.

• Bachelor's degree in finance, accounting, real estate, or related field preferred.
• Minimum of 2 years of experience in construction lending or underwriting.
• Strong analytical and problem-solving skills.
• Working knowledge of loan/construction documentation
• Attention to detail and accuracy.
• Excellent written and verbal communication skills.
• Familiarity with loan origination and underwriting software.

• Experience with commercial construction lending.
• Knowledge of real estate appraisal and valuation.
• Understanding of construction contracts and project management.