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Senior Underwriter at CBRE

Senior Underwriter

CBRE Washington, DC Full-Time
Senior Underwriter

Job ID

85189

Posted

06-Sep-2022

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, Seattle - Washington - United States of America, Washington, D.C. - District of Columbia - United States of America

CBRE is using this platform to provide general information to individuals who want to learn more about a career at CBRE. If an opportunity opens that matches your qualifications, we will reach out to you at that time. We are growing a world-class organization with a world-class team and appreciate your interest in CBRE. We welcome you to explore our Careers ([ Link removed ] - Click here to apply to Senior Underwriter page and apply directly to any positions that interest you. We will not consider the submission of resumes on this platform as an expression of interest in any posted position at CBRE.

JOB SUMMARY

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. Strong work ethic and drive for excellence are essential to join this high-performance team.

ESSENTIAL DUTIES AND RESPONSIBILITIES

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.

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

Other duties as assigned.

SUPERVISORY RESPONSIBILITIES

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

May have responsibility for identifying group training needs, tracking performance, coaching, and motivating a work unit and/or group.

Qualifications - External

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 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.

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

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

Must make decisions with a thorough understanding of procedures, company policies and business practices to achieve results and deadlines. Responsible for setting work unit and project deadlines.

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

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.

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:_ _An additional requirement for this role is the ability to comply with COVID-19 health and safety protocols, including COVID-19 vaccination proof and/or rigorous testing._

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

Recommended Skills

  • Accounting
  • Analytical
  • Attention To Detail
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  • Communication
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