All Boston Mutual employees who interact with our policyholders, our producers and our BML associates embrace the principles of our brand and service philosophy. We are all brand ambassadors. Both our words and our behaviors matter. We share a common service philosophy and pride ourselves in living the BML brand promises every day, one interaction at a time.

We do our best to:

• Demonstrate a desire to assist.
• Listen for understanding and respond empathetically.
• Explain things in a manner that is easy to understand.
• Be knowledgeable students of our business.
• Take full ownership to resolve questions and issues.
• Be professional, polite and courteous.
• Leave our customers and associates “better than where we found them.”

The role of the Commercial Mortgage Loan Underwriter and Business Development Specialist is responsible for helping to manage and grow Boston Mutual’s commercial mortgage loan portfolio in alignment with Boston Mutual’s high standards. Primary responsibilities include: generating leads, reviewing loan requests, underwriting and committing loans, underwriting modifications, and overseeing loan closings. The position will be an active member within the Enterprise Risk Management team.

The Commercial Mortgage Loan Underwriter and Business Development Specialist is expected to:

• Review most loan opportunities and provide quotes on those that are in line with Boston Mutual’s standards.
• Develop and maintain strong relationships with mortgage loan correspondents, brokers and borrowers.
• Work with our relationships to build a robust loan opportunity pipeline.
• Work with the Second Vice President to prepare Letters of Interest outlining proposed principal loan terms for acceptance by borrower.
• Perform underwriting of potential commercial mortgage loans including tenant and lease review, cash flow analysis, analysis of property location and real estate quality, property valuation, and review and analysis of borrower / guarantor financial statements and tax returns.
• Work with the Second Vice President to prepare Loan Proposals for submission to the Finance Committee of the Board of Directors
• Work with the Second Vice President to prepare Loan Commitment Letters providing the detailed terms of an approved loan for acceptance by borrower.
• Help conduct property inspections of approved loans.
• Review MAI appraisals and various other third party property reports for content and quality.
• Help oversee the loan closing process.
• Help review, analyze and prepare recommendations for modification requests on existing loans.
• Assist in the loan servicing functions as needed and for cross training purposes.
• Actively contribute as a key member of the Enterprise Risk team.
• The evaluation of risk related activities may be assigned as appropriate.
• Assist in report compilation.
• All other duties as assigned.

Education: Bachelor’s Degree (accounting or finance preferred).

Experience: Two years or more of commercial mortgage experience required.

Location: Canton, MA (Home Office) 4 Days a Week 1 Day Remote

Knowledge Requirements:

• Strong commercial real estate underwriting and lending knowledge. An understanding of multiple property types is preferred.
• Excellent analytical skills.
• Strong skills using MS Excel.
• Excellent written/verbal communication and presentation skills.
• Excellent interpersonal skills and the ability to effectively build and extend relationships.
• Demonstrated proactive approaches to problem solving with a strong decision-making capacity; demonstrated ability to take initiative with a “can do” attitude.
• Strong organizational skills that reflect ability to perform and prioritize multiple tasks seamlessly with focused attention to context, substance and detail.
• Shows initiative with the ability to create and implement changes that will improve workflow.
• Experience developing sales pipelines and established relationships is a plus.

Hybrid Work Model

At our Omaha location, employees will be working either Mondays & Tuesdays on site or Wednesdays & Thursdays on site due to limited space at this time.

At our Canton location, employees will be on site Monday - Thursday starting 5/1/23.

Boston Mutual is an equal opportunity employer. Boston Mutual is an equal opportunity employer, and does not discriminate on the basis of race, color, age, religious creed, national origin, ancestry, sex, sexual orientation, gender identity, genetic information, disability, military service, veteran status, family status, pregnancy, or any other characteristic protected by federal or state laws. Boston Mutual is a drug-free workplace, and any offer extended will be contingent upon appropriate results of a drug test.