Multifamily Underwriting Director
About The Position
This Director of Multifamily Underwriting position reports to the Senior Director, Multifamily Underwriting Northeast Regional Office. The role will provide risk analysis for loan originations, structuring and negotiating transactions to minimize credit risk, and leading a team of underwriters managing pipeline and timeframes to meet our customers’ closing of commercial real estate transactions. Our Impact: Provide risk analysis for loan originations, structuring and negotiating transactions to minimize credit risk, and leading a team of underwriters managing pipeline and timeframes to meet our customers’ closing of commercial real estate transactions.
Requirements
- Typically has 12+ years of Multifamily underwriting experience
- Bachelor’s degree in Finance, Real Estate or related discipline and/or equivalent experience
- Knowledge of real estate property fundamentals and real estate lending/underwriting (especially for GSE)
- Leadership and management experience
- Position requires up to 10% to 25% travel
Nice To Haves
- Demonstrated successful management of a team to accomplish large projects
- Positive attitude, creative problem solving, self-driven, team player
- Strong work ethic
- Intellectual agility and interpersonal flexibility
- Strong written and verbal communication skills
Responsibilities
- Manage and monitor a pipeline of deals in underwriting stages; Pipeline management will require extensive updates and communication with external and internal customers
- Direct and Indirect management, mentoring & training of underwriting staff
- Review and ensure concise, complete, and transparent Investment Briefs and ensure accurate data quality for loan securitization
- Analyze and resolve various transactional issues that escalate in various due diligence documents, including sponsor financial information and property operating statements, as well as third-party reports, such as real estate appraisals, engineering, environmental and zoning reports
- Apply company principles/policies and critical thought to complete assigned tasks accurately, completely, and in a timely manner
- Communicate daily with external customers and internal business partners, including Underwriting leadership, Production, Legal, and Capital Markets to resolve issues as they arise through the underwriting process to achieve shared success
- Provide ad hoc reporting and management feedback
Benefits
- Competitive compensation
- Market-leading benefit programs
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What This Job Offers
Job Type
Full-time
Career Level
Director
