Underwriter - Multifamily Affordable

Company: CBRE
Location: Atlanta
Posted on: November 1, 2024

Job Description:

Underwriter - Multifamily Affordable

Job ID

184292

Posted

10-Sep-2024

Service line

Advisory Segment

Role type

Full-time

Areas of Interest

Capital Markets

Location(s)

Atlanta - Georgia - United States of America, Boston - Massachusetts - United States of America, Seattle - Washington - United States of America, Washington, D.C. - District of Columbia - United States of America

About the Role:

As a CBRE 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.

What You'll Do:

• 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.
• Apply general knowledge of standard principles and techniques/procedures to accomplish assigned tasks and solve problems
• Lead by example and model behaviors that are consistent with CBRE RISE values.
• Explain complex information to others in clear work products.
  
  What You'll Need:
  
  
  • Bachelor's degree and 2+ years' experience in the evaluation of commercial real estate properties including property inspections, reviewing financial statements, and underwriting loan transactions. Willingness to travel as needed.
  • 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 use existing procedures to solve standard problems.
  • Experience with analyzing information and standard practices to make judgments.
  • In-depth knowledge of Microsoft Office products. Examples include Word, Excel, Outlook, etc.
  • Strong inquisitive mindset.
  • Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.
    
  • In addition to a resume, please submit a cover letter outlining your interest in Multifamily Affordable Housing and how your professional as well as academic background is relevant.
    
    Why CBRE?
    
    When you join CBRE you will have the support and resources of a global firm where an entrepreneurial mentality is encouraged. You'll realize your potential with exciting work, fast-paced assignments, an environment of constant learning and dedication to results! To enable your success, we provide the best tools, training and leaders in the industry.
    
    Our culture is built on our RISE values and reflects the needs and perspectives of our clients and our people. Our work is guided by our North Star: Crafting the real estate solutions of tomorrow, so businesses and people thrive.
    
    Coming to work for CBRE, you will receive a comprehensive benefits package, 401k, and extraordinary perks such as career growth and longevity!
    
    CBRE carefully considers multiple factors to determine compensation, including a candidate's education, training, and experience. The minimum salary for the Underwriter position is $95,000 annually and the maximum salary for the 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.
    
    Equal Employment Opportunity: CBRE is an equal opportunity employer that values diversity. We have 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 recruitingaccommodations@cbre.com or via telephone at +1 866 225 3099 (U.S.) and +1 866 388 4346 (Canada).
    
    NOTE: Some, but not all, of our positions may have an additional requirement to comply with COVID-19 health and safety protocols, including COVID-19 vaccination proof and/or rigorous testing. If you have questions about the requirement(s) for this position, please inform your Recruiter.

Keywords: CBRE, Redan , Underwriter - Multifamily Affordable, Other , Atlanta, Georgia