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SR Multi-family CRE Loan Underwriter

Workway

Los Angeles, CA

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JOB DETAILS
SALARY
$48–$50.62 Per Hour
SKILLS
Analysis Skills, Bank Secrecy Act, Banking Regulations, Banking Services, Brokerage, Cash Flow, Commercial Property Loans, Commercial Real Estate, Credit Analysis, Customer Support/Service, Equal Credit Opportunity Act (ECOA), External Audit, Health Plan, High School Diploma, Internal Audit, Loan Approval, Loan Closing, Loan Policy, Loan Processing, Loan Underwriting, Loans, Market Analysis, Mortgage Lending, Pricing, Regulations, Regulatory Compliance, Residential Mortgages, Underwriting
LOCATION
Los Angeles, CA
POSTED
7 days ago
We are a professional staffing firm, working with organizations across the country to place exceptional candidates. Currently, we have a SR Multi-family 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.

Your specific duties will include:
  • 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. For our complete EEO & Pay Transparency statement, please visit http://www.workway.com/EEO . To receive state and federal compliance posters, e-mail

hr@workway.com

or call 972.514.1515.

We collect personal information as part of the application and hiring process. For details about the categories of information collected, purposes of use, and your rights under law, please review our Candidate Privacy Act Disclosure Notice: Privacy Policy

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    About the Company

    W

    Workway

    Opening our doors in 2005, the founders of Workway were the first in the staffing industry to nationally specialize in the areas of Title, Escrow, Mortgage and Foreclosure. Since then, Workway has become the leading experts in this field delivering talent on a national basis. We are a staffing business that has grown and evolved with the industry through technological advances, economic shifts and the dynamics of a changing work force.

    In 2011, Workway was purchased by the “Bowmer” family from the original founders continuing its operation as a family owned business. The “Bowmer” family have been prevalent within the employment services industry for the last 25 years with John Bowmer, Workway’s Chairman, having been CEO and Chairman of Adecco SA.

    COMPANY SIZE
    100 to 499 employees
    INDUSTRY
    Staffing/Employment Agencies
    FOUNDED
    2005
    WEBSITE
    https://workway.com/

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