VP of Underwriting

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Job details:

Lead a commercial underwriting team overseeing multifamily and commercial real estate loans while helping shape credit strategy, policy, and portfolio quality This Jobot Job is hosted by: Alyssa Montgomery

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Salary: $140,000 - $150,000 per year

A bit about us: We are seeking an experienced Vice President of Commercial Underwriting to lead the underwriting process for multifamily, commercial real estate, and commercial loans.

This is a highly visible leadership role responsible for managing a team of underwriters, maintaining strong credit standards, and partnering with lending professionals to evaluate and originate quality loans for the Bank’s portfolio.

The ideal candidate will bring deep multifamily underwriting experience, strong commercial credit judgment, and the ability to lead a team while ensuring all loans comply with established credit policies and banking regulations.

Why join us? Step into a senior leadership role with meaningful influence over credit quality and underwriting strategy

Lead and develop an established commercial underwriting team

Work closely with senior lending and executive leadership

Manage a diverse portfolio of multifamily, commercial real estate, and commercial loans

Contribute directly to the continued development of the Bank’s underwriting policies and procedures

Job Details What You’ll Do

Manage and develop a team of multifamily, commercial real estate, and commercial loan underwriters

Review and oversee detailed credit analysis, including cash flow, debt service coverage ratios, CAP rates, appraisals, borrower credit, and property performance

Ensure underwriting decisions comply with Bank policies, regulatory requirements, and internal credit standards

Manage the appraisal, environmental review, and property inspection process

Independently review third-party reports to ensure properties qualify as appropriate collateral

Partner with loan consultants, brokers, processors, funders, and senior management throughout the loan origination process

Prepare and present loan packages and market summaries to the Senior Loan Committee

Provide guidance regarding commercial loan programs, pricing, policies, and underwriting requirements

Identify opportunities to improve underwriting policies, procedures, and overall credit management

Support the Bank in maintaining satisfactory internal and external audit results

What We’re Looking For

At least 5 years of direct multifamily residential underwriting experience

Strong knowledge of underwriting apartment properties containing approximately 5–75 units

Experience underwriting commercial real estate and commercial loans

Thorough understanding of cash flow analysis, DSCR, CAP rates, appraisals, environmental reports, inspections, and credit analysis

Previous leadership, management, or team-development experience

Ability to effectively present credit recommendations to senior leadership or loan committees

Strong knowledge of commercial lending regulations and compliance requirements

Excellent analytical, organizational, written, and verbal communication skills

Ability to manage multiple active transactions while meeting deadlines

Advanced computer skills

High school diploma required

Bachelor’s degree preferred

Interested in hearing more? Easy Apply now by clicking the "Easy Apply" button.

Jobot is an Equal Opportunity Employer. We provide an inclusive work environment that celebrates diversity and all qualified candidates receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, age (40 and over), disability, military status, genetic information or any other basis protected by applicable federal, state, or local laws. Jobot also prohibits harassment of applicants or employees based on any of these protected categories. It is Jobot’s policy to comply with all applicable federal, state and local laws respecting consideration of unemployment status in making hiring decisions.

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