Commercial Underwriter

Company: Capital Impact Partners

Location: Remote, VA

Job Function: Lending/Loan Operations


The Momentus Capital branded family of organizations – which includes Capital Impact Partners, CDC Small Business Finance, and Ventures Lending Technologies – is transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve. We are working to reinvent traditional financial systems that have failed to address systemic issues of inequality, economic empowerment, and the widening racial wealth gap by offering a continuum of financial, knowledge, and social capital to help local leaders build inclusive and equitable communities and create generational wealth. This includes a comprehensive package of loan products, impact investment opportunities, training and business advising programs, and technology services that advance locally-led solutions. Our suite of products and services, experience, and scope will foster equitable job creation, wealth building, and economic mobility.


The Commercial Underwriter is responsible for conducting due diligence and underwriting for loans made to support the development of affordable housing, charter schools, health centers, grocery stores, cooperatives, and other community facilities. The Underwriter works closely with Regional Directors, Market Leads, Business Development Officers, Loan Officers, and Credit to obtain credit approval for new loans and also to screen potential loans for term sheet offers. As part of the Community Development Real Estate (CDRE) team, the Commercial Underwriter supports the achievement of regional and overall Credit and Lending work plan goals.


  • Underwriting: The Underwriter will use the application package and third-party reports to underwrite the loan request. Underwriting will include analysis of: historical financials, financial projections, construction budgets, repayment sources, market and regulatory conditions, appraisals, entitlement/land use assessments, environmental reports, plan and cost reviews, property conditions reports, requirements related to other capital sources and subsidies, borrower and guarantor tax returns and  financial statements, management and leadership of sponsor, commercial tenant leases, and other analysis as appropriate to assess credit risk on a given transaction.

The Underwriter will compare the loan request to Momentus’ standard product requirements to ensure conformance or identify exceptions. The Underwriter may also support Loan Officers in assessing eligibility of the credit for special funding programs.

  • Credit Approval:  The Underwriter will assist the Regional Directors, Market Leads, Business Development Officers, Loan Officers, and Credit in preparing written loan approval requests for presentation to the Head of Credit and/or Loan Committee for final approval. They will prepare the loan approval package and work closely with Loan Officers to present the credit approval requests.

  • Due Diligence:  The Underwriter will manage the collection of the loan application materials from the borrower and together with the Closing Team, coordinate third-party due diligence reports (e.g., appraisal, plan and cost review, etc.).

  • Site Visits: The Underwriter will conduct a site visit as part of underwriting each transaction and will attend or lead customer calls as needed to support Regional Directors, Market Leads, Business Development Officers, and Loan Officers.

  • Closing: The Underwriter will work closely with the Closing and Legal teams as well as the Head of Credit to ensure that the loan closes in accordance with the approved terms and conditions, review loan documentation and due diligence items submitted during the closing process, and document minor or material changes to the loan approval, if necessary.

  • Customer Service & Relationship Management: The Underwriter will maintain a positive and professional relationship with Momentus customers and business partners (which include third party lenders, attorneys and other external parties such as appraisers) by both initiating and responding promptly to any and all requests in a responsive, consistent, and accurate manner. The Underwriter may at times be the primary point of contact for the Borrower during the underwriting process.

  • Pipeline Management: The Underwriter will screen deals from time to time, input prospective new transactions into the transaction database and assist the department with reporting and management of the regional pipelines.

  • Template & Resource Development: The Underwriter will also assist the Head of Credit and Director of Underwriting in the development of standardized underwriting templates, as well as standardized underwriting resources, for use across the Lending department. The Underwriter may also coordinate or lead internal training on various credit topics.


  • For Senior Commercial Underwriter consideration, at least three years of experience in real estate-based lending and/or business lending, including borrower contact, credit analysis, due diligence and loan documentation; For Commercial Underwriter consideration, 1-3 years of experience.

  • Expertise in analyzing tax returns and financial statements of small businesses, nonprofits, and individuals, including their operating cash flow and their real estate operations.

  • Experience with federal, state, and local government funding sources for capital and operating needs of affordable housing and mixed-use developments / community health centers, charter schools, and other community-based organizations.

  • Experience working with multiple internal and external stakeholders including participating lenders, Borrowers, legal counsel, loan officers, loan closers, and portfolio management.

  • Working experience with both private sector financial institutions and public agencies;

  • Proficiency with the design, permitting, and construction process for developing real property.

  • Familiarity with business law concepts including contracts, loan collateral, uniform commercial code, creditors’ rights, and forms of business organization, and sufficient knowledge to review and negotiate loan documents.

  • Proficiency with Microsoft Office Suite Programs, and other database software.

  • Experience working with New Market Tax Credits and/or Low Income Housing Tax Credits.

  • Excellent writing and communication skills.

  • Analytical and research-driven.

  • Ability to adapt to change and implementation of new products, programs, and technology platforms.

  • Salesforce or other CRM experience desired.

  • Experience with financial spreading software.

  • Excellent project management skills and ability to manage multiple tasks.

  • Strong attention to detail.



Education level will be considered on a holistic basis taking into account both education and work experience. Preferred educational background includes degree work in a relevant area of study such as finance, real estate, urban planning, public policy, or business administration.  An advanced degree is a plus.  In addition, the position requires a high degree of self-motivation, dedication, creativity, and perseverance; flexibility with time, travel and willingness to accept a demanding (and personally satisfying) position.  Strong time and project management skills and ability to work well with others are important attributes.

Compensation and Benefits

$90,000 – $120,000 depending on position level and location + annual performance incentive

How to Apply

Please apply directly on our careers site –