DSCR/Non-QM Underwriter - Brick City Capital

Please be advised that Leverage Companies does not accept unsolicited resumes or services from third-party recruitment agencies. In the event that a recruiter or agency submits a resume or candidate without a prior agreement, Leverage Companies explicitly reserves the right to pursue and hire those candidates without any financial obligation to the recruiter or agency. Any unsolicited resumes, including those submitted directly to employees, shall be deemed the property of Leverage Companies.

About Leverage Companies:

Leverage Companies is a dynamic real estate private equity platform on a mission to create millionaires through real estate. We operate a vertically integrated ecosystem comprised of these divisions. Founded in 2018 proudly headquartered in Newark, NJ, we are scaling rapidly and building a world-class team committed to operational excellence, bold growth, and long-term impact.

About Brick City Capital:

Brick City Capital is a premier business-purpose lender to residential real estate investors and developers. We specialize in Debt Service Coverage Ratio (DSCR) loans for residential investment properties. BCC is the lending platform of Leverage Companies, backed by the TLC Opportunity Debt Fund and institutional capital partners and we offer a full non-QM product suite.

Why We Love Working at Leverage Companies:

At Leverage Companies, integrity, entrepreneurial drive, and a commitment to excellence shape everything we do. We move with accountability and ownership, pushing innovation forward through collaboration and a culture that’s truly out of this world. Fast-paced and mission-driven, we offer real opportunities for growth and a team environment where both collective wins and individual achievements are celebrated.

Our Track Record:

• $800M+ in total funding
• 18-day average closing timeline
• 85%+ close rate with an 80% repeat borrower rate
• NPLA 2025 Innovator of the Year
• Scotsman Guide Top DSCR Lender & #1 fastest-growing DSCR lender
• Market-Leading Product: Pricing in the 5’s with a full DSCR and non-QM product mix

How to Apply?

To be considered for employment, please submit your application online. While we appreciate all the interest we receive, only candidates selected for an interview will be contacted directly. You will receive application status alerts via email so make sure your email address is accurate.

The Opportunity:

We are seeking a detail-oriented DSCR Real Estate Loan Underwriter to scale our underwriting function. This role involves reviewing new loan files, issuing underwriting conditions, coordinating with third-party reviewers, and assisting in post-close conditions for loan sales. The ideal candidate will have strong analytical skills, a keen eye for risk assessment, and a continuous improvement mindset to enhance underwriting and loan processing efficiency.

What you will do:

• Underwriting & Condition Review
• • Underwrite new loan files and issue underwriting conditions based on loan requirements
  • Review borrower and property-related documentation to ensure compliance with lending guidelines
• Pre-Close & Post-Close Coordination
• • Clear pre-close conditions in collaboration with third-party reviewers
  • Assist in post-close requirements to satisfy note buyer conditions for loan sales
  • Maintain underwriting SLA within 1 business day
• Process Improvement & Risk Assessment
• • Identify areas for improvement in underwriting and loan processing procedures
  • Work closely with internal teams to enhance efficiency and streamline workflows
  • Ensure LOS (loan operating system) accuracy with deal economics and figures
• Collaboration & Communication
• • Coordinate with internal teams and third-party stakeholders to facilitate smooth loan transactions
  • Maintain clear documentation and communication regarding loan conditions and underwriting decisions
  • Create credit memos for the investment committee to review for more complex files that require escalated reviews
• Full Ownership of the Underwriting Process
• • Assemble, underwrite, and delivery full packages, coordinating with Brick City Capital sales, processing, capital markets, and closing teams
  • Exert creativeness to underwrite - full ownership of the underwriting process allows maximum flexibility to creatively underwrite in accordance to Brick City Capital's guidelines

• Compensation: $60,000 - $100,000 base salary + variable cash compensation component(Annual cash OTE estimated to be $80,000 - $130,000)

What we are looking for:

• An individual who resides in the state of NJ, NY, CT, CA, FL, AZ, TX, or IN.

• Bachelor's degree in finance, real estate, business, or a related field (or equivalent experience).
• 1-3 years of experience in real estate underwriting or private lending.
• Strong knowledge of investment property lending and loan structuring.
• Ability to analyze risk factors and apply lending guidelines effectively.
• Strong documentation review skills with the ability to spot discrepancies and ensure compliance.
• Excellent attention to detail, organizational, and communication skills.
• Tech-savvy, with the ability to learn and navigate multiple systems.
• Knowledge of real estate market trends and investment financing.

What we prefer to find:

• 3+ years of experience in real estate underwriting or private lending.
• Experience in DSCR loans.
• Experience working with private lenders or note buyers.

What we bring to the table:

• A company culture that you can actually enjoy being immersed in
• Direct access to executive leadership and strategic decision-making
• Opportunity to grab destiny by its horns and to create your own path
• Fast-paced, mission-driven environment with serious growth opportunity
• A team that values integrity, entrepreneurial spirit, overall excellence, accountability, and ownership

What we look for in all our staff:

• A demonstrated track record of winning; we never stop at "just enough"
• An insatiable eagerness to continuously learn and to be coached; we are lifelong learners and always make ourselves available to others to teach us something new
• A possession of strong entrepreneurial spirit; we have a burning passion for building something great out of nothing
• A big vision for themselves and those around them; we always strive to be the best version of ourselves and help those around us do the same
• An unwavering sense of integrity; an individual who roots oneself with a core belief that how one does anything is how one does everything

Additional Information

Leverage Companies is an equal opportunity and an E-verify employer. We are committed to building a diverse, inclusive, and equitable workforce and do not discriminate based on characteristics of any kind. Leverage Companies is committed to providing reasonable accommodations for any candidates with disabilities who may need assistance during the talent acquisition process. To request a reasonable accommodation, please mail [email protected]

Leverage Companies highly values having employees working in-office to foster a collaborative work environment and company culture. Under certain circumstances, a hybrid working arrangement with a minimum of 3 days in office in Newark, NJ may be arranged.