SR Multi-family CRE Loan Underwriter

SR Multi-family CRE Loan Underwriter

We are a professional staffing firm, working with organizations across the country to place exceptional candidates. Currently, we have a SR Multi-family CRE Loan Underwriter opportunity with a Bank that offers the opportunity to work for a purpose-driven organization that combines innovative banking technology with a strong commitment to serving communities and helping customers build long-term financial success.

The SR Multi-family CRE Loan Underwriter is responsible for the specific duties listed below:

• Underwrites multi-family and commercial real estate loans.
• Provides clear and detailed analysis based on a thorough understanding of debt service ratios, cash flow, appraisal, credit analysis, CAP rates, etc.
• Complies with all compliance regulations and the Bank's policies and procedures in order to achieve satisfactory ratings from internal and external auditors.
• Answers inquiries regarding the Bank's current loan programs, policies and pricing.
• Interfaces with Multifamily Loan Consultants, brokers and management in preparing loan packages for Senior Loan Committee approval.
• Reviews and analyzes appraisals to evaluate the market value and determine that the property meets the Bank's standards and qualifies as security for the loan requested.
• Works closely with loan processor and funder and counter signs loan decisions consistent with program parameters as needed.
• Performs other duties to support the overall Lending Department as assigned.

Required qualifications for the position include:

• A minimum of 5-years of multi-family residential underwriting experience
• A thorough understanding of 5-36 multi-family units and commercial real estate underwriting guidelines and process
• A high-level understanding of compliance regulations.
• High School Diploma required, bachelor's degree preferred

REGULATORY KNOWLEDGE: Position requires a high level of understanding of the following Compliance Regulations:

• Equal Credit Opportunity Act (Regulation B)
• Fair Housing Act
• Home Mortgage Disclosure Act (Regulation C)
• Flood Disaster Protection Act
• Bank Secrecy Act

Pay Rate Range: $48.00-$50.62 an hour Compensation may vary outside of this range depending on a number of factors, including a candidate's qualifications, skills, competencies, and experience, and location. Employees have access to healthcare benefits, including medical, dental, and vision as well as a 401(k) plan.

Let one of our recruiters assist you in finding and preparing for interviews with our clients. Whether you are interested in a direct hire, temp-to-hire, or temporary position, Workway can help you to put your best foot forward. Contact us today! Workway, Inc. is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender, gender identity, national origin, disability, protected veteran status, or any other characteristic protected by applicable laws, regulations, and ordinances.