The Commercial Multi-Family Mortgage Loan Underwriter is responsible for evaluating and underwriting commercial multi-family mortgage loan applications. This role involves thorough analysis of borrower financials, property characteristics, and market conditions to assess creditworthiness and risk. The ideal candidate will have a strong understanding of commercial multi-family real estate, lending regulations, and the ability to make sound credit decisions.
This is an on-site role located in Santa Ana, CA.
Responsibilities:
- Loan Underwriting: Analyze and underwrite multi-family mortgage loan applications, ensuring compliance with company guidelines and regulatory requirements.
- Financial Analysis: Assess borrower financial statements, tax returns, credit reports, and other financial documents to determine creditworthiness.
- Property Evaluation: Review property appraisals, rent rolls, operating statements, and other related documents to assess the value and income potential of the property.
- Risk Assessment: Identify and evaluate potential risks associated with the loan transaction and make recommendations to mitigate those risks.
- Documentation: Ensure all loan files are complete, accurate, and well-documented with supporting analysis and rationale for approval or denial.
- Compliance: Maintain up-to-date knowledge of federal, state, and local lending regulations and ensure all loan decisions are in compliance.
- Collaboration: Work closely with loan processors, originators, and other stakeholders to facilitate a smooth loan process and address any issues that arise.
- Decision Making: Make timely and informed credit decisions, adhering to company policies and procedures, and communicate those decisions to relevant parties.
- Customer Service: Provide excellent customer service by addressing questions and concerns from borrowers, brokers, and internal teams in a professional and timely manner.
- Continuous Improvement: Participate in ongoing training and development to stay current with industry trends and underwriting best practices.
Required Education and Experience:
- Education: Bachelor’s degree in finance, real estate, business administration, or related field preferred.
- Experience: Minimum of 5 years of experience in commercial mortgage underwriting, with at least 3 years specializing in commercial multi-family properties.
- Knowledge: Strong understanding of commercial multi-family mortgage products, real estate market trends, and property valuation methods.
- Skills: Proficiency in financial analysis, risk assessment, and the use of underwriting software. Strong attention to detail and problem-solving skills.
- Communication: Excellent written and verbal communication skills, with the ability to explain complex financial concepts to non-experts.
Benefits:
- Medical Insurance
- Dental Insurance
- Vision Insurance
- Life & Disability Insurances
Pay Range: $35.00/hr - $45.00/hr USD
#J-18808-Ljbffr
