Business Purpose Loans Mortgage Underwriter

Job description

Genstone Financial Credit Analyst

As a key part of The Fay Group, Genstone Financial specializes in providing smart, accessible loan solutions for both homeowners and real estate investors. Whether you're purchasing your first home, leveraging your equity, or expanding your investment portfolio, our experienced team is here to guide you every step of the way. We offer a comprehensive suite of loan products designed to meet the diverse needs of today's borrowers. For real estate investors, Genstone Financial provides specialized lending solutions that support growth and profitability. Our experienced advisors, modern technology – and access to an integrated network of in-house services provide borrowers and investors with clarity, speed, and confidence, ensuring an exceptional experience for both borrowers and investors.

The Fay Group is a fully integrated real estate and mortgage services firm, bringing together the strength and expertise of two complementary companies – Fay Financial and Genstone Holdings. Since its founding in 2008 as a special servicer, The Fay Group has grown into a diversified enterprise overseeing more than $46 billion in assets on behalf of over 50 institutional clients. Powered by data, technology, and a team of 1,300+ professionals across 10 U.S. locations, the organization delivers coordinated solutions across the full spectrum of real estate and lending services – including loan servicing, property management, mortgage originations, renovations, and insurance. From asset creation and loan management to renovations and real estate brokerage services, The Fay Group offers end-to-end capabilities under one platform. This comprehensive approach delivers flexibility, transparency, and performance across multiple asset classes, supporting both clients and customers in all market and interest rate environments.

Reporting to the VP, Mortgage Operations, this role is responsible for evaluating and making sound credit recommendations for borrowers seeking business purpose financing. The position involves thorough loan reviews and underwriting in alignment with company & investor guidelines, playing a critical role in safeguarding the quality of the company's asset portfolio and minimizing financial risk. The role is responsible for performing comprehensive analysis of borrower/ entity creditworthiness, financial standing, investment history and collateral attributes. This role ensures that all credit decisions and property financing approvals adhere to Genstone Financial, d/b/a Fay Servicing, underwriting standards and investor purchase criteria. Additionally, the position is accountable for meeting all Service Level Agreements (SLAs) established by the company.

Qualifications include: High school diploma or GED required; Bachelor's degree preferred 5+ years' mortgage loan underwriting experience, including at least 3 years underwriting DSCR, investor, bridge, fix-and-flip or other business purpose lending (BPL) products Proven ability to review, analyze and calculate necessary ratios, LLPA thresholds and asset requirements Prior experience collaborating and working effectively with sales/ account executives Strong understanding of mortgage underwriting principles, risk assessment and loan documentation Experience analyzing borrower credit, income, assets, collateral and property cash flow Knowledge of federal, state and investor guidelines applicable to business purpose lending Experience with LOS systems highly preferred Strong knowledge and proficiency with Microsoft Outlook, Word and Excel Strong verbal and written communication skills Strong interpersonal skills with the ability to effectively manage through conflict Strong analytical skills and problem-solving abilities Solid decision-making abilities coupled with sound judgment Strong time management skills; ability to prioritize numerous tasks and manage shifting priorities Self-motivated; ability to work well independently Client focused with strong execution skills and results orientation High-level of precision with attention to detail and consistency in correspondence and work product Strong research skills, thorough approach Flexible, open to change, ability to learn new things quickly Ability to work in a collaborative environment; responsive to others

Featured Benefits Medical, Dental and Vision Insurance Company Paid Life Insurance Disability Insurance Pet Insurance 401k Program with Employer Matching 3 Weeks Paid Time Off (PTO) Paid Holidays Wellness Initiatives Employee Assistance Program Eligible for Hybrid Work Schedule with Remote Flex Days Compensation The hourly range for this position is between $44.72 to $50.49 hourly This position is eligible for an annual discretionary bonus Fay Cares! The Fay-Genstone Foundation was established to fulfill the philanthropic mission of The Fay Group employees to serve the communities in which they live and work. Our employees make voluntary contributions to the Foundation. Each quarter, their contributions are donated to organizations focused on improving education opportunities, combating poverty, and supporting military service members and first responders. 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. Fay is an equal-opportunity workplace. The Fay Group and affiliated companies participate in E-Verify. For more information go to

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