Construction Underwriter

Conventus

San Francisco, CA

Salary Estimate: $100,000.00 - $124,999.00

Employment Type: Full Time

Work Place: Hybrid

Experience Required: 5+ to 7 years

Education Required: 4 Year College

Benefits

Job Description

CONVENTUS MISSION AND VISION

Conventus Holdings Corporation was envisioned and created to reduce the number of economic intermediaries involved in the origination, funding and investment in the $125 billion real estate bridge loan marketplace. True to the Latin origin of the company’s name, “to bring together,” CHC’s existence and strength is anchored to a business model that removes unnecessary economic intermediates so that it can provide superior pricing and service to its clients. Our competitive edge in executing our mission is assembling, nurturing, and developing a collaborative group of talented individuals. To that end, diversity of experiences, perspectives, skills, and cultures is core to our mission and team.


POSITION

Full-Time, Salaried, Performance-based bonus

LOCATION: San Francisco, CA
 Required 4 days per week in the office (Mon-Thu). Please do not apply if this does not align with you. 

Conventus is seeking an experienced Construction Underwriter to join our dynamic team. The Construction Underwriter is responsible for evaluating and underwriting construction loan requests, this is for renovation, and value-add real estate projects. This role requires detailed analysis of borrower qualifications, project feasibility, budgets, timelines, contractor strength, and collateral value to ensure sound credit decisions that align with the company's risk profile.

RESPONSIBILITIES
  • Analyze loan applications for construction and development projects, including financial statements, budgets, pro formas, schedules, and market data.
  • Review and assess general contractor qualifications, construction contracts, and project team experience.
  • Evaluate third-party reports (appraisals, environmental, feasibility, inspection, and title reports).
  • Collaborate with borrowers, originators, inspectors, and internal departments throughout the underwriting process.
  • Ensure proposed draw schedules, cost breakdowns, and contingency reserves are appropriate and in line with market standards.
  • Identify and mitigate risks related to borrower credit, project execution, permitting, zoning, market conditions, and construction complexity.
  • Draft detailed construction memorandums with analysis and recommendations for internal loan committee review.
  • Ensure compliance with internal policies, investor guidelines, and regulatory requirements.
  • Participate in loan closings, including review of closing conditions and coordination with legal/title.
 
QUALIFICATIONS

Required

·       Bachelor’s degree in Real Estate, Construction Management, or related field.
·       3–5+ years of underwriting experience, preferably in construction or commercial real estate lending.
·       Strong knowledge of construction budgets, draw schedules, contracts, and project risk assessment.
·       Proficiency in Excel and underwriting software (Salesforce, Land Gorilla, Trustpoint or similar tools).
·       Excellent analytical, organizational, and communication skills.
 
Preferred
  • Experience with various construction asset types (residential, multifamily, mixed-use, commercial).
  • Familiarity with lien laws, mechanics lien processes, and title review.
  • Understanding of construction sequencing and permitting processes.
  • Ability to present underwriting findings to credit committee with clarity and confidence.
Mindset and Character
At CHC, we look for future employees who demonstrate the mindset and character of our following core values:
 
Deliver Extraordinary Client Experience:
  • Demonstrate unwavering responsiveness and dedication to delighting clients at every touchpoint.
 
Take Responsibility:
  • Be proactive, know what you are responsible for, act with integrity and follow through to the end.
 
Respond with Urgency and Care:
  • Balance speed with quality, ensuring that every response is both timely and impactful.
 
Grow Together:
  • Grow together through a culture of intellectual curiosity, collaboration and celebration.
Department: Construction

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