Underwriter - Multifamily Affordable

ABOUT THE ROLE

As a Multifamily Underwriter you will be 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.

WHAT YOU'LL NEED

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 accommodation 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 AI prompts and skills and well as 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 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.
• Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.

Why CBRE?

When you join CBRE, you become part of the global leader in commercial real estate services and investment that helps businesses and people thrive. We are dynamic problem solvers and forward-thinking professionals who create significant impact. Our collaborative culture is built on our shared values — respect, integrity, service and excellence — and we value the diverse perspectives, backgrounds and skillsets of our people. At CBRE, you have the opportunity to chart your own course and realize your potential. We welcome all applicants.

Our Values in Hiring

At CBRE, we are committed to fostering a culture where everyone feels they belong. We value diverse perspectives and experiences, and we welcome all applications.

Applicant AI Use Disclosure

We value human interaction to understand each candidate's unique experience, skills and aspirations. We do not use artificial intelligence (AI) tools to make hiring decisions, and we ask that candidates disclose any use of AI in the application and interview process.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage serving, valuations); Building Operations & Experience (facilities management, property management, flex space & experience); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.

CBRE carefully considers multiple factors to determine compensation, including a candidate’s education, training, and experience. The minimum salary for the Underwriter - Multifamily Affordable position is $90,000 annually and the maximum salary for the Underwriter - Multifamily Affordable position is $120,000 annually. The compensation that is offered to a successful candidate will depend on the candidate’s skills, qualifications, and experience. Successful candidates will also be eligible for a discretionary bonus based on CBRE’s applicable benefit program. This role will provide the following benefits: 401(K), Dental insurance, Health insurance, Life insurance, and Vision insurance.

Equal Employment Opportunity: CBRE has 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.

Candidate Accommodations: CBRE values the differences of all current and prospective employees and recognizes how every employee contributes to our company’s success. CBRE provides reasonable accommodations in job application procedures for individuals with disabilities. If you require assistance due to a disability in the application or recruitment process, please submit a request via email at [email protected] or via telephone at +1 866 225 3099 (U.S.) and +1 866 388 4346 (Canada).