Hiring a Full-Time Underwriter

[Kyle Kovats]

Has anyone here hired a full-time underwriter for their team? I don't mean a VA from the Philippines to plug some numbers but rather a truly experienced skilled underwriter who understands how to

A) underwrite multi-family using a syndicate structure whether it be straight split or preferred return 

B)  has the acumen/knowledge to research submarkets to properly underwrite other income projections for things such as perhaps bulk wifi or smart home tech penetration 

If you have, can you share where you had the most success finding them and what is a proper compensation package? Underwriting is just a very time consuming task and something I am looking to delegate for at least the first draft so that I can come in and just do tweaks. Any help is appreciated. 

[Andrew Hogan]

Hey bud, I'd recommend searching on LinkedIn for some small fish in a really big pond at some of the larger companies. 

Someone who's had lots of reps already but are hungry and eager to make something grow. 

That's where BAM scored several early employees that have been crucial to the team's success and are now an integral part of the executive team.

Specifically for compensation, as you know it's pretty common for underwriters to end up getting a piece of the acquisition fee if the deal comes to fruition. You just need to have someone else on defense to ensure they aren't stretching numbers to get a commission :)

Good luck!