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Underwriter at CBRE

Underwriter

CBRE Washington, DC (On Site) Full-Time

Underwriter

Job ID

82838

Posted

31-Oct-2022

Service line

Advisory Segment

Role type

Full-time

Areas of Interest

Capital Markets

Location(s)

Atlanta - Georgia - United States of America, Boston - Massachusetts - United States of America, Dallas - Texas - United States of America, Washington, D.C. - District of Columbia - United States of America

JOB SUMMARY

Responsible for assisting the Chief Underwriter, Deputy Chief Underwriter and Senior Underwriter in evaluating Multifamily Affordable Housing loan requests, assessing key areas of risks and conformance with CMC, Fannie Mae and Freddie Mac credit standards and program requirements. Prepares underwriting submissions for loan committee. Strong work ethic and drive for excellence are essential to join this high-performance team.

ESSENTIAL DUTIES AND RESPONSIBILITIES

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.

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

Trains, plans and supervises assignments of underwriting analysts.

Interfaces and collaborates with other internal teams, including production analysts, insurance and closing.

Other duties as assigned.

SUPERVISORY RESPONSIBILITIES

No formal management responsibilities in this position. Provides informal assistance such as technical guidance and training to coworkers. May lead ad hoc project teams.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and ability required.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EXPERIENCE and EDUCATION

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

Bachelor's degree from a four-year college or university required. Concentration in Finance, Accounting, Economics, Real Estate or other related subject preferred. Minimum two years experience in analysis of commercial real estate properties, including duties such as inspecting property, reviewing financial statements, and underwriting loan transactions.

QUALIFICATIONS and SKILLS

Candidates must possess a strong work ethic, excellent written communication and analytical skills, must be detail-oriented and possess the ability to work effectively with other team members and Freddie Mac/Fannie Mae in a fast-paced environment.

Strong organizational skills required. Ability to provide efficient, timely, reliable and courteous service to customers. Ability to effectively present information.

Requires knowledge of financial terms and principles. Requires intermediate analytical and quantitative skills to conduct financial analysis.

Ability to comprehend, analyze, and interpret documents. Ability to solve problems involving several options in situations.

Must make decisions with an understanding of procedures and company policies to achieve set results and deadlines. Responsible for setting interim project deadlines.

Proficient in common Microsoft applications, including Word, Excel and PowerPoint.

Will be required to travel as needed.

#recruitics

CBRE is an equal opportunity/affirmative action employer with 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.

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)

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