Multifamily Underwriter

POSITION SUMMARY:
Responsible for the underwriting of multi family and commercial loans in accordance with the guidelines, policies and procedures set forth by the Bank. Work with a team of lending professionals to originate multi-family and commercial loans for the Bank's portfolio. Additional duties may include support in the loan origination and loan servicing areas to support the Lending Department.
ESSENTIAL JOB FUNCTIONS:

• 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.
• 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.

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

MINIMUM QUALIFICATIONS:
Qualified candidates must have: 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 processes; Excellent analytical skills; The ability to handle multiple tasks while meeting deadlines; Good organizational skills; Excellent verbal and written communication skills; Advanced computer skills; High School Diploma required, Bachelor Degree preferred; A high level understanding of compliance regulations.