Job details
Estimated: $74,000 - $94,000 a year
Full time
Qualifications
Job description
Founded in 2003 by industry veterans, Infinity IPS is a mortgage industry leader in providing end-to-end services and solutions. We specialize in mortgage due diligence, pre-fund and post-close quality control, mortgage servicing reviews and loan brokering services. We are vetted by all major rating agencies. Our clients are financial entities including investment banks, commercial banks, mortgage companies, government agencies and mortgage insurers. As a part of our expansion plan, we are looking for individuals that have prior work experience in the Commercial Real-estate space;
Our key search is for Processors, Underwriters, and Project Managers to provide support in the delivery of due diligence, real estate analysis and loan processing for CRE, housing developments.
Position Overview:
This role will provide support in the delivery of due diligence, real estate analysis and loan processing for CRE, Agency and Non-Agency Multifamily, Single Family Rental, Built to Rent real estate loans and other commercial real estate loan underwriting and debt consulting services. This role involves participating in managing multiple transactions with multiple clients under tight timelines.
Essential Job Functions:
- Provide analytical support in the underwriting, due-diligence, processing and closing of commercial real estate loans housing loans on behalf of our clients
- Oversee loan origination due-diligence from the ground up to completion,
- Provide analysis, due-diligence reporting, document reviews and processing
- Communication with underwriting and on-site contacts to review and provide updated project information
- Review, analyze and/or interpret financial operating statements, rent rolls, third party reports, tenant lease agreements, surveys, title reports, zoning reports, property insurance policies, credit reports, and other due diligence requirements
- Property appraisal review
- Prepare environmental report, extracting pertinent data on property, engineering, environmental and other third-party reports
- Perform cashflow modeling on projects as well as reports and presentations
- Ability to Write property, market, borrower/sponsor descriptions, and third-party report summaries that will be included in credit memos and asset summary reports
- Assist in developing value conclusions for all property types
- Such other activities as may be assigned by your manager
Preferred Qualifications:
- Minimum 2 years’ experience in commercial real estate transactions, and commercial loan documentation experience (brokerage, banking, underwriter, due-diligence provider)
- Bachelor’s degree preferred
- Substantive knowledge of the procedures, terminology and documents relating to complex commercial real estate transactions.
- Ability to work both independently and as a part of a growing team in a deadline-driven environment.
- Strong decision making and organizational skills with attention to detail as well as excellent time management skills.
- Excellent oral and written communication skills, including the ability to communicate effectively with both intern and external parties.
- Ability to handle numerous assignments simultaneously. Problem-solving, analytical and research skills.
- Proficient in Microsoft Office (Word, Excel) and aptitude for learning various other programs.
Job Type: Full-time
Experience:
- Processing/Underwriting of Commercial Real estate loan: 5 years (Required)
Work Location: Remote
Company ratings
Company reviews
"Great company to work for"
Current Employee•Credit and Compliance
February 4, 2021•Remote
Infinity has kept me working for the past year and half. Get paid promptly every Friday for the work I did last week. The management team is always willing and helpful when needed. Infinity is growing if you are looking for a company to work for look no further.
"Decent Temporary Remote Work"
Current Employee•Mortgage Underwriter
December 7, 2020•Remote
DO NOT accept any assignments if you are looking for permanent employment and steady income with benefits. This is 100% a contract position (1099) and the company will only reach out to you when work is available. The projects with Infinity IPS are not consistent so there are times where you might work on two projects a month and other times where you will not hear from them for two or three months. At best this is temporary employment until something permanent comes along or just an opportunity for you to supplement your current full-time income by earning a little extra something for small bills, vacations, holidays or adding to a rainy-day fund.
This job is 100% REMOTE… You will be given an assessment to measure your proficiency and the training will consist of watching several videos on how to complete an accurate audit on post closed loans before you are assigned any work. You have the option to work part-time or full-time (meaning how many hours a day can you commit to auditing loan files) and there is no set schedule, you make your own schedule as long as you complete the assigned work within the allotted time given and that’s usually 48 hours. If you are unable to complete any of the assigned work within the allotted time it will automatically be reassigned to someone else. This isn’t just a data entry position; you really need to know, understand and comprehend the mortgage lending and underwriting business. 95% of the communication with be through email. You will work from your own laptop or computer and download their proprietary software. I recommend having two monitors or hooking up an extra monitor to your laptop in order to do the job efficiently.
The pay is per loan and each audit can take well over an hour to complete, emphasizes on well over an hour. I have noticed recently that the pay per loan amount has increased significantly and I can only assume the previous offered amount may have been far too low for the amount of time it takes to complete just one audit. At times they will offer a production incentive pay when the schedule is tight by increasing the amount per loan by an additional $5.00-$10.00 but that happens few and far between. I work part-time and can only complete between 6-10 audits per projects based on my available schedule but that is just my personal experience so do not use that as a gauge. You are only paid for the number of audits you complete and sign off on and I have never had a problem with getting paid on time for the work I have completed. Infinity IPS states that the pay is weekly and the assignments are usually two weeks long so whatever audits you have completed between Monday–Sunday midnight are processed the following Monday HOWEVER, you aren’t paid until the next Monday (a week later) by direct deposit.
Again, I would not recommend this company if you are looking for permanent full-time employment with steady income.
Pros:
100% Remote, Create your own schedule
Cons:
Pay could be higher, Inconsistency of steady work
"Okay for a remote position"
Former Employee•Mortgage Underwriter
April 4, 2020•Rockville, MD
Pay is per loan and not indicative of the the scope of work required. Reviews take too long to make a decent income. This is a good part time job or temporary job while waiting for a permanent position. The projects are scattered and work is not consistent
"worst place to work for"
Current Employee•Mortgage Underwriter
March 18, 2020•Remote
They do not have consistent work. You will work on a deal for two weeks at the most and the loan files are $25.00 a file that will take you over a hour to do and then no work for another two weeks. They will pay you when they feel like it. If pay day is on Friday you will most likely not get paid on that date, but Maybe the following Monday. It doesn't matter how much experience you have, management will not care and only allow the full time (employees from India) work and will leave you with no work until its enough work for the full time employees and the remote employees. This is the worst place I have worked for ever. I wouldn't recommend anyone to work here. Run!.
Pros:
none
Cons:
all