Here are sample job postings for Real Estate Underwriter roles...
Senior Mortgage Underwriters
Sprout Mortgage continues to grow our retail, wholesale, correspondent lending and commercial divisions and seeks to hire Senior Mortgage Underwriters, underwriting and supporting loan programs designed to appeal to a broad range of home buyers. The programs are affordable, and each program is designed to serve an important demographic. Whether it's wealthy retirees, persons with recent credit problems, upwardly mobile professionals with limited savings, real estate investors, or even foreign investors; Sprout has a loan program borrowers can afford.
Sr. Mortgage Underwriters' responsibilities include but are not limited to;
Frontline underwriting origination of jumbo and non-conforming specialty residential loan products, conducting credit obligation risk reviews and reviewing income, assets of retail and correspondent loans and apply needed conditions for mortgage submissions to assure loans meet program/product specifications.
Performing successful Full Doc, manual underwriting, requires a detailed familiarity with various bond programs, and all government loans.
Executing an appraisal analysis to determine that acceptable collateral standards are met, while completing the necessary research to determine federal, state and company compliance.
Communicating credit risk decisions to the partnering individuals within the company, correspondents, or borrowers.
Achieving productivity standards and qualitative seller satisfaction targets.
Performing due diligence quality review of partnering underwriters, by providing a detailed review of retail and correspondent approved loans, including credit, income, and asset analysis and findings.
Additional related duties may be assigned, as required.
Minimum of 5 recent years of current underwriting of loans including portfolio, Jumbos, non-conforming and Alt-A underwriting experience
Thorough, current knowledge of manual underwriting including, performing of complex personal and/or business financials, and the ability to review complicated tax profiled
Experience with Encompass is a must
Excellent written and verbal communication skills are a must
Experience with portfolio loans, bank loans or wealth management is a plus
Vice President (Senior Portfolio Manager / Underwriter) – Commercial Real Estate
Join a bank that’s as committed to your future as you are. At Union Bank, a part of Mitsubishi UFJ Financial Group (MUFG), we share a vision for our future, we share our successes, and we strive to bring out the best in each other in everything we do. Our diverse colleagues are connected by a common ambition to create change for the better – from forging more dynamic career paths, to driving progress in our communities, to continuously reshaping the standards of financial services. Positive impact starts here; see the change you can make as we strive to become the world’s most trusted financial group.
The position is part of the Institutional Markets Lending Unit, with offices in New York and San Francisco, within Union Bank’s Real Estate Industries Group. The Institutional Markets Lending Unit focuses on secured Real Estate project financing as well as lending to public and private REIT’s and Institutional Funds with a national focus. Loans consist of senior mortgages, for stabilized bridge and construction projects, and unsecured revolvers and term loans to such clients. Position will include learning the Bank’s various systems and maintaining data integrity.
Manage a loan portfolio of simple and complex transactions. This may include participations and agented loans, permanent loans, and construction loans.
Underwrite new loan transactions as well as coordinate due diligence and loan closings.
Review and comment on legal documents in conjunction with the relationship manager.
Structure transactions at the term sheet stage in conjunction with the relationship manager.
Must be comfortable with learning the Bank’s various systems and processes.
Must be able to become well versed in the Bank’s credit policies and procedures relatively quickly.
Generally 7-10+ years of relevant Real Estate Finance experience.
Ability to analyze REITs/Funds is preferred.
Bachelor’s degree required.
Advanced degree preferred.
Deputy Chief Underwriter
Greystone & Co., Inc.
Greystone and Co., Inc. and its affiliates is a financial services and private investment group and one of the nation’s leading providers of commercial mortgages for multifamily and healthcare properties. We offer a comprehensive line of real estate finance products for our clients. Greystone seeks leaders and team players, candidates who can work in a collaborative environment and possess drive, integrity, creativity, compassion and a strong work ethic.
The Deputy Chief Underwriter will proactively manage the FHA/HUD Underwriting team and the associated loan pipeline, work with originations, operations and underwriters to facilitate the processing and underwriting of loans. The Deputy Chief Underwriter will be responsible to manage the day-to-day activities of all underwriting team members and provide guidance, support, and direction to the group throughout the underwriting process.
Principle Duties and Responsibilities
Manages and provides leadership to the underwriting team
Oversees entire underwriting process to insure all FHA/HUD loans are underwritten properly and appropriate commitments are issued in a timely manner
Works collaboratively with the origination platform to problem solve and develop creative transaction structuring solutions delivering best-in-class execution
Interfaces directly with the borrowers and external clients when necessary
Communicates with the underwriting team and between the team, closing, origination, the Chief Underwriter and investors
Functions as a problem solver and troubleshooter during the underwriting process
Acts as an “issue identifier” throughout the process, ensuring that there are no last-minute surprises
Assigns tasks and specific work assignments to team members and project manages these assignments as needed. Ensures appropriate distribution of work between analysts and underwriters. Interacts with team members daily in prioritization of activities for the team.
Provides guidance and training to underwriters and analysts.
Responsible for thorough knowledge of Greystone and Investor Underwriting Guidelines
Knows the status and understands the deal issues and appropriately communicates up and down the chain
Experience, Skills and Abilities Required
Bachelor’s degree required with Accounting, Finance, Economics or Real Estate concentration preferred
A minimum of 7- 10 years’ previous work experience with analyzing/underwriting FHA/HUD loans in a commercial real estate lending environment is required
At least 3 years of experience supervising; minimum of four years’ experience in a senior underwriting position, specifically FHA/HUD multifamily underwriting
Requires an independent worker with good project management knowledge and ability to adjust to ever changing environment
Requires a high degree of professionalism and confidentiality
Highly developed analytical, research and oral presentation skills
Excellent communication, organizational skills and writing ability
Proficiency with Excel and Word
High level of personal accountability
The incumbent, under the direction of a senior management, is responsible for evaluating residential and commercial loan applications for new loan applications all in accordance with a variety of underwriting guidelines. Additional scope of responsibilities includes performing comprehensive due diligence and gathering information as necessary to make sound lending decisions. The incumbent will also perform other duties, as necessary, to support the goals and objectives of the Commercial and Residential Lending areas.
Prepare property level pro forma cash flow models develop property valuations to properly size loan requests.
Obtain appropriate market information to support the proposed loan.
Review and analyze financial statements, tax returns and cash flow statements of Borrowers and Guarantors.
Develop familiarity with all lending policies and procedures of the Bank and the respective Line of Business.
Order and review appraisals
Develop familiarity with various loan products that are offered and how they interface with the sales goals and objectives of the business line.
Collaborate with management in developing an open dialogue and strong working relationship with Risk Management, Loan Administration, various lending institutions and internal Credit Review and other groups that support and review the line of business.
Develop familiarity with compliance regulatory policies and procedures.
Work on special projects as necessary
Multi task to provide support to more than one executive manager as necessary.
Proficient in using Argus
Proficiency in Excel, Word required
Bachelor’s Degree in Business, Bachelor’s Degree in Accounting or Bachelor’s Degree in Finance.
At least 3 years of experience in residential and/ or commercial real estate banking or a related industry within residential and/ or commercial real estate, such as commercial real estate debt brokerage, equity investing and non-bank lending.
Experience with Residential, Multi Family, Office, Retail & Industrial asset classes.
Experience using Loan Origination Systems
V&A Underwriter – Associate
Cushman & Wakefield
Provide acquisition and lending advisory services to C&W clients including:
1. Underwriting and financial analysis 2. Evaluation of competitive supply 3. Research of market dynamics
Prepare credit/investment memos for client senior management
Model complex financial transactions using legal agreements and Excel
Evaluate bonds and security positions collateralized by CRE assets
3 to 7 years of finance or real estate experience preferred
BA/BS degree in Finance or Real Estate preferred
Additional Duties & Responsibilities: High level of knowledge of :
Excel, Word, PowerPoint and Outlook Working knowledge of Argus and other financial/analytical software is an added benefit Strong organizational skills including the ability to multi-task and prioritize efficiently Ability to work independently on assigned projects Ability to work in a team environment with multiple points of contact Strong attention to detail Must enjoy working with numbers Ability to prepare written and conduct oral presentations as well as communicate accurately, effectively, and persuasively Knowledge of commercial real estate terms and definitions is necessary Knowledge of financial terms and definitions is necessary