Sr. Commercial Underwriter
Newmark ltd
Senior Commercial Underwriter
Newmark is seeking a Senior Commercial Underwriter who will be responsible for underwriting complex commercial real estate transactions, assessing and mitigating title risk, and supporting successful closings across a national portfolio.
Responsibilities
Independently underwrite complex national commercial real estate transactions, including acquisitions, refinances, construction loans, portfolio transactions, and multi-site deals
- Analyze title searches, commitments, surveys, legal descriptions, organizational documents, and transaction structures to assess and mitigate risk
- Issue title commitments and proformas with endorsements in compliance with underwriting guidelines and state-specific regulations
- Identify title defects, curative requirements, and risk issues, and develop practical solutions to facilitate timely closings
- Communicate closely with assigned commercial escrow officers on each transaction to prepare needs lists for closings
- Provide underwriting guidance and support to commercial escrow officers
- Assist in resolving underwriting objections raised by lenders, borrowers, and counsel
- Support claims avoidance efforts through thorough risk analysis and documentation
- Participate in training and mentoring of junior underwriters and operations staff
- Communicate with all parties on commercial transactions, take client phone calls, and participate in deal specific conference calls
Qualifications
Qualifications:
- Education: Associate or bachelor's degree preferred; equivalent experience accepted.
- Experience:
- Minimum 5 years in national commercial title underwriting
- Skills:
- Excellent attention to detail and problem-solving abilities.
- Strong organizational and multitasking skills.
- Proficient in title closing software systems (e.g., SoftPro, Encompass, ResWare, Qualia).
- Effective written and verbal communication skills.
- Leadership, team building, and conflict resolution skills.
Benefits and Perks:
- Industry leading Parental Leave Policy (up to 16 weeks)
- Generous healthcare
- Bright Horizons back-up care program
- Generous paid time off
- Education reimbursement
- Referral Program
- Opportunities to network and connect within the industry
WORKING CONDITIONS: Normal working conditions with the absence of disagreeable elements
NOTE: The statements herein are intended to describe the general nature and level of work being performed by employees and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.
Newmark is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.
$90k - $125k
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