Senior Underwriter - Affordable Housing

Senior Underwriter - Affordable Housing

Job ID

198625

Posted

23-Dec-2024

Service line

Advisory Segment

Role type

Full-time

Areas of Interest

Capital Markets

Location(s)

Seattle - Washington - United States of America

About The Role:

Responsible for performing all underwriting and due diligence necessary for Multifamily Affordable Housing loan submissions to loan committee. Must assess key risks and mitigants and make informed recommendations to loan committee in conformance with CMC, Fannie Mae and Freddie Mac credit standards and program requirements.

What You'll Do:

• Acts as primary liaison among loan producer, Fannie Mae or Freddie Mac, legal counsel, and closing officer throughout the underwriting process.

• Responsible for credit and real estate analysis, processing incoming exhibits and preparing final delivery underwriting packages. Preparation of Borrower credit analysis including determination of net worth, liquidity, overall financial strength and acceptability of proposed borrower structure.

• Prepares narrative and underwriting packages on new loan requests and presents to loan committee.

• Reviews underwriting due diligence information and integrates real estate information from market research reports and other third party sources.

• Trains and supervises Underwriters and Underwriting Analysts. Provides informal assistance such as technical guidance to coworkers. May lead ad hoc project teams.

What You'll Need:

To perform this job successfully, an individual will need to perform each crucial duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

• Experience underwriting Targeted Affordable Housing loans with a Fannie Mae DUS Lender or Freddie Mac TAH Seller/Servicer is required.

• Bachelor's degree from a four-year college or university required. Concentration in Finance, Accounting, Economics, Real Estate or other related subject preferred. Minimum five years' experience underwriting multifamily loans.

• Candidates should have outstanding work ethic, exceptional written communication, and analytical skills. They need to be diligent and able to work effectively with both team members and Freddie Mac/Fannie Mae in a fast-paced environment.

• Strong organizational and presentation skills required. Ability to provide efficient, timely, reliable and courteous service to customers. Requires advanced knowledge of financial terms and principles. Requires advanced analytical and quantitative skills to conduct financial analysis.

• Will be required to travel as needed.

• NOTE: In addition to a resume, you must submit a cover letter outlining your interest in Multifamily Affordable Housing and the Senior Underwriter role and describing the relevance of your professional and academic background. Strong written communication skills are imperative for the position. The cover letter will be used to assess writing ability.

• Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.

Why CBRE?

When you join CBRE you will have the support and resources of a global firm where an entrepreneurial mentality is encouraged. You'll realize your potential with exciting work, fast-paced assignments, an environment of constant learning and dedication to results! To enable your success, we provide the best tools, training and leaders in the industry.

Our culture is built on ourRISE (~~~) values and reflects the needs and perspectives of our clients and our people. Our work is guided by our North Star: Crafting the real estate solutions of tomorrow, so businesses and people thrive.

Coming to work for CBRE, you will receive a comprehensive benefits package, 401k, and extraordinary perks such as career growth and longevity!

CBRE carefully considers multiple factors to determine compensation, including a candidate's education, training, and experience. The minimum salary for the Underwriting Affordable Housing Senior Manager position is $ 107,500 annually and the maximum salary for the Underwriting Affordable Housing Senior Manager position is $175,000 annually. The compensation that is offered to a successful candidate will depend on the candidate's skills, qualifications, and experience. Successful candidates will also be eligible for a discretionary bonus based on CBRE's applicable benefit program. This role will provide the following benefits: 401(K), Dental insurance, Health insurance, Life insurance, and Vision insurance. The application window is anticipated to close on December 27th and may be extended as needed. Or to express interest in similar roles, visit ~~~/careers

Equal Employment Opportunity: CBRE is an equal opportunity employer that values diversity. We have a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law.

Candidate Accommodations: CBRE values the differences of all current and prospective employees and recognizes how every employee contributes to our company's success. CBRE provides reasonable accommodations in job application procedures for individuals with disabilities. If you require assistance due to a disability in the application or recruitment process, please submit a request via email at ~~~ or via telephone at +~~~ (U.S.) and +~~~ (Canada).

NOTE: Some, but not all, of our positions may have an additional requirement to comply with COVID-19 health and safety protocols, including COVID-19 vaccination proof and/or rigorous testing. If you have questions about the requirement(s) for this position, please inform your Recruiter.

CBRE, Inc. is an Equal Opportunity and Affirmative Action Employer (Women/Minorities/Persons with Disabilities/US Veterans)