Multifamily Agency Underwriter

Zions Bancorporation•Fort Lauderdale, FL

23h•Remote

About The Position

Zions Capital Markets is the newest bank-sponsored dual license holder with Fannie Mae and Freddie Mac. Backed by the strength and regional reach of Zions Bancorporation, we are establishing a disciplined, scalable multifamily lending business focused on delivering best-in-class execution to institutional and private real estate clients. The GSE Underwriting team is responsible for evaluating, structuring, and approving multifamily transactions across both Fannie Mae and Freddie Mac programs. As part of a growing platform, the team is central to defining credit standards, enhancing execution quality, and supporting the firm’s expansion in agency lending. This position offers the opportunity to work as a core underwriting contributor within a newly formed platform, with meaningful exposure to transaction flow and a voice in shaping underwriting processes, standards, and best practices.

Requirements

Bachelor’s degree (minimum)
Minimum of 3 years of experience in commercial real estate underwriting with a focus on multifamily
Demonstrated ability to independently underwrite agency transactions (Fannie Mae and/or Freddie Mac), with prior deal volume preferred
Strong familiarity with agency lending structures, guidelines, and execution processes
Solid foundation in multifamily credit analysis, including sponsorship evaluation, market analysis, and operational performance
Strong analytical mindset with the ability to make informed decisions in time-sensitive environments
Proficiency in financial modeling and interpreting complex datasets
Clear and effective communication skills, both written and verbal, with comfort presenting to senior stakeholders
Ability to operate in a growth-oriented, build-phase environment, demonstrating initiative and ownership
Collaborative approach with a focus on teamwork and cross-functional alignment
High attention to detail, strong organizational skills, and a commitment to continuous improvement

Nice To Haves

Experience helping develop or refine processes, frameworks, or underwriting standards is a plus
Capable of structuring and executing complex transactions within defined risk parameters

Responsibilities

Analyze and structure multifamily agency loan opportunities, ensuring alignment with Fannie Mae and Freddie Mac guidelines
Perform full underwriting diligence, including cash flow analysis, risk assessment, and transaction structuring
Partner closely with originators and capital markets professionals to screen deals and refine execution strategies
Identify potential credit concerns early and develop solutions to mitigate risk and facilitate closing
Apply agency frameworks to develop underwritten operating assumptions, including stabilized income and expense projections
Maintain working knowledge of relevant agency guidelines and updates, incorporating changes into underwriting decisions
Conduct on-site inspections to evaluate property condition, management quality, and local market dynamics
Review and interpret third-party materials such as appraisals, engineering and environmental reports, and other diligence items
Prepare comprehensive and clear credit write-ups to support internal approval processes
Ensure all deal files are complete, organized, and audit-ready
Coordinate with internal teams including asset management, servicing, and closing to support loan performance tracking and portfolio insights
Contribute to the ongoing development of underwriting standards, reporting metrics, and portfolio monitoring tools
Engage regularly with clients, brokers, consultants, and internal stakeholders throughout the transaction lifecycle
Travel as needed to support property reviews and business development efforts
Take on additional responsibilities as the platform evolves