[Hiring] Head of Credit Underwriting, Home Builder Finance @Urrly

Role Description

Build the credit underwriting rails for a platform connecting underbanked homebuilders to institutional capital.

This is a ground-floor build role inside a new credit platform. The company is not hiring someone to inherit a mature loan desk or simply process an existing pipeline. The right person will help create the underwriting function, shape credit policy, and build a scalable operating model for residential homebuilder finance.

The Head of Credit Underwriting, Home Builder Finance will own upstream credit diligence for residential builder and developer financing opportunities. You will:

• Underwrite residential construction, spec, pre-sold, and build-to-sell homebuilder financing opportunities.
• Analyze builder financial statements, tax returns, project pro formas, liquidity, leverage, DSCR, net worth, LTC, LTV, interest reserves, contingencies, and global cash flow.
• Review draw schedules, cost-to-complete analysis, lien waivers, title insurance, inspections, appraisals, absorption assumptions, comparable sales, lot pricing, and market demand.
• Prepare clear credit memos and present recommendations to investment committee, capital partners, and senior leadership.
• Push back constructively on sourcing when a deal does not hold up to credit scrutiny, while still building productive relationships with builder-facing teams.
• Help define underwriting policy, scoring frameworks, governance standards, and scalable workflows for a new credit line of business.
• Partner with product and operations teams on loan origination systems, data tooling, and AI-assisted underwriting workflows.
• Support capital partner confidence by making the risk framework credible, repeatable, and transparent.

Qualifications

• 7+ years of experience in construction lending, homebuilder finance, residential real estate credit, or closely related specialty finance.
• Direct experience underwriting construction loans or credit facilities for residential builders or developers, including single-family, townhome, or small-to-mid-scale multifamily projects.
• Strong command of construction loan mechanics, including draw schedules, lien waivers, title, inspections, cost-to-complete analysis, interest reserves, LTC/LTV, contingencies, and project feasibility.
• Strong financial analysis skills across builder financials, tax returns, pro formas, liquidity, leverage, DSCR, net worth, and global cash flow.
• Ability to evaluate appraisals, collateral assumptions, local market absorption, comparable sales, lot pricing, and execution risk.
• Excellent written credit communication, including clear, concise, persuasive credit memos.
• Comfort operating in a build-stage environment with ambiguity, limited existing process, and a need for hands-on ownership.

Requirements

• Experience at a bank, credit union, private debt fund, non-bank lender, CDFI, or specialty finance platform with dedicated construction or homebuilder finance exposure.
• Experience building or improving credit policies, underwriting frameworks, loan origination workflows, or portfolio governance.
• Exposure to capital partners, investment committee presentations, or institutional credit decisioning.
• Experience with loan origination systems, data platforms, AI-assisted underwriting tools, or credit automation.
• Track record managing or underwriting a construction loan portfolio of $50M+ in commitments.
• Familiarity with HUD/FHA construction programs, GSE guidelines, state housing finance agency programs, RESPA, TILA, Reg B/ECOA, or state-specific construction lending rules.
• CMB, CFA, MBA, MS Finance, or other relevant designation.

Benefits

• Base salary: $175,000 to $200,000
• Performance bonus
• Equity participation
• Company-paid medical, vision, dental, and wellness benefits for employees and dependents
• Flexible vacation and sick days
• Paid parental leave

Location

This is a U.S.-based role. Sun Belt and high-growth housing markets are preferred, including markets such as Charlotte, Austin, Atlanta, Birmingham, and similar regions. Strong candidates outside those markets will still be considered when the construction/homebuilder finance profile is compelling.

Apply

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