Senior Product Manager, Underwriting Specialist, CoStar Debt Solutions

CoStar•Boston, MA

3d•$125,000 - $169,000•Onsite

About The Position

CoStar Debt Solutions is building a new platform for CRE underwriting — one where credit officers, data pipelines, and AI agents work against the same shared data model. Banks, sponsors, and asset managers query, write, and collaborate on the same underlying system. We’re hiring a Senior Product Manager, Underwriting Specialist to help us build a world-class underwriting platform — the workflows, defaults, and decisions that decide whether a credit officer or originator reaches for our product first thing in the morning. In year one, that means turning underwriting scenarios into product: capital stack construction, rent roll injection, peer benchmarking, portfolio surveillance, deal counterparty visibility. In year two and beyond, it means owning the underwriting surface as it expands across asset classes, customer types, and the agent workflows that increasingly run alongside the human ones. The work starts with hard-won underwriting judgment. It ends with that judgment encoded into a system thousands of underwriters run against.

Requirements

Deep CRE underwriting domain expertise.
8 or more years, ideally as a credit officer at a bank with a real loan book. Sponsor-side, life co, or debt fund backgrounds are interesting too if the depth is there. Domain is the highest bar for this role — it’s what we can’t substitute for.
A working model of how originators, credit officers, asset managers, and sponsors actually spend their days — not just the artifacts they produce, but the friction between them.
Bachelor’s degree from an accredited, not-for-profit, in person, university or college.
A track record of commitment to prior employers

Nice To Haves

Sharp judgment about what’s worth automating, what needs human-in-the-loop, and what should never leave a credit committee.
A bias for being specific. Generic underwriting opinions are not useful here. We need someone who can say “the LLM should not propose mezz above 12% in this market without flagging it” and be right about it.
Tech fluency. You don’t write production code, but you read a schema, reason about software as a system, and can sit next to engineers and argue with the model when it’s wrong. If you’ve worked closely with product or engineering teams before, that shows up immediately in this role.
Product sensibility. An instinct for what belongs in a default, what belongs in a setting, what belongs in a warning, and what belongs nowhere at all. Underwriters who have shipped tools — internal or otherwise — tend to have it.
Comfort with LLM-driven workflows. You don’t need to have built with them. You do need to find the question of “what should the model decide vs. ask vs. flag” genuinely interesting.

Responsibilities

The underwriting workflows across the product surface — capital stack construction, rent roll ingestion, peer benchmarking, portfolio surveillance, deal counterparty visibility. These exist today as scenarios; the work is turning them into product that originators and credit officers reach for daily.
The default behaviors that decide whether the platform feels expert or generic — the stack heuristics the LLM proposes, the way variance gets sorted, what the system asks vs. assumes, when it surfaces uncertainty, what stays in front of a human.
Design-partner relationships at two or three banks and sponsors. You will be on the calls, in the deals, and the person they trust to translate what they need into what gets built.
The boundary between “the platform can model this” and “the workflow should expose this” — working directly with engineering and product on where the line gets drawn for each new capability.
The roadmap for the underwriting surface as it grows — new asset classes, new customer profiles, new agent-driven workflows that sit alongside the human ones. You decide what’s on it and in what order.

Benefits

generous compensation and performance-based incentives
internal training
tuition reimbursement
Comprehensive healthcare coverage: Medical / Vision / Dental / Prescription Drug
Life, legal, and supplementary insurance
Virtual and in person mental health counseling services for individuals and family
Commuter and parking benefits
401(K) retirement plan with matching contributions
Employee stock purchase plan
Paid time off
Tuition reimbursement
On-site fitness center and/or reimbursed fitness center membership costs (location dependent), with yoga studio, Pelotons, personal training, group exercise classes
Access to CoStar Group’s Employee Resource Groups
Complimentary gourmet coffee, tea, hot chocolate, fresh fruit, and other healthy snacks