Commercial Acquisition & Development Construction Loan Underwriter

Guild Mortgage•Draper, UT

About The Position

The Commercial Acquisition & Development (A&D) Construction Loan Underwriter plays a critical role by underwriting complex commercial real estate acquisition, land development, and construction loans. This position is responsible for independent credit analysis, underwriting, and preparation of comprehensive credit presentations for builder and developer clients in accordance with company policy, regulatory requirements, and sound risk management practices. The role supports both horizontal land development and vertical construction transactions, including acquisition financing, infrastructure development, and project feasibility analysis. The underwriter partners closely with Loan Officers, Credit Management, and Operations to ensure accurate, timely, and compliant credit decisions.

Requirements

High School Diploma or equivalent, required
Minimum five year's experience in commercial credit or underwriting experience
At least three (3) years underwriting acquisition, development, and/or construction loans
Advanced knowledge of commercial real estate, acquisition and development lending, and construction finance.
Strong financial analysis and underwriting skills.
Deep understanding of development risk, market dynamics, and loan structuring.
Strong attention to detail and ability to manage multiple priorities in a deadline-driven environment.
Proficiency in underwriting systems.
Ability to work independently and collaboratively in a team environment.
Excellent verbal and written communication skills required.
Highly organized and detail-oriented; ability to work in a fast-paced, metrics-driven environment required.
Proficiency in Microsoft Office Suite, Word, Excel, Wiki, collaborative cloud-based programs, and third-party software applications required.
Commitment to company values.
Customer Service - Proactive attention to each person
Integrity - Do and say what's right
Respect - Treat others with dignity
Collaboration - Listen and work together
Learning - Seek knowledge and strive for improvement
Excellence – Deliver the unexpected

Nice To Haves

Bachelor's Degree directly related to the position or equivalent, preferred in Finance, Accounting, Business, Real Estate, or related field.
Builder/developer lending experience preferred

Responsibilities

Underwrite and analyze commercial acquisition, land development, and construction loan requests.
Provides independent underwriting recommendations that directly impact credit quality, portfolio risk, and overall loan performance.
Prepare full credit approval packages including risk analysis, loan structuring, and recommendations.
Analyze borrower and guarantor financial statements, tax returns, liquidity, global cash flow, and contingent liabilities.
Evaluate project feasibility, budgets, cost-to-complete, absorption schedules, and pro forma cash flows.
Review contracts, development agreements, construction contracts, appraisals, environmental reports, and engineering studies.
Validate loan-to-value, loan-to-cost, debt service coverage, and guarantor support.
Identify and mitigate risks related to entitlements, zoning, infrastructure, market conditions, and construction timelines.
Ensure adherence to internal credit policy and regulatory guidelines.
Collaborate with Loan Officers, Processors, Closing, and Legal to resolve underwriting conditions.
Serve as a subject matter expert and provide guidance to junior underwriters as needed.
Maintain strict confidentiality of borrower and project information.
Perform other duties as assigned.

Benefits

Guild offers a pleasant work environment, competitive compensation and excellent benefits package; including medical, dental, vision, life insurance, AD&D, LTD and 401(k) with employer match.

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