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Underwriter - Multifamily Affordable
Underwriter - Multifamily AffordableBoston Staffing • Boston, MA, US
Underwriter - Multifamily Affordable

Underwriter - Multifamily Affordable

Boston Staffing • Boston, MA, US
20 days ago
Job type
  • Full-time
Job description

Underwriter - Multifamily Affordable

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.
  • Experience underwriting Targeted Affordable Housing loans with a Fannie Mae DUS Lender or Freddie Mac TAH Seller / Servicer is highly desirable.
  • 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.
  • 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 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.

    Disclaimers

    Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.

    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).

    CBRE carefully considers multiple factors to determine compensation, including a candidate's education, training, and experience. The minimum salary for the Underwriter position is $80,000 annually and the maximum salary for the position is $125,000 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 CBREs applicable benefit program.

    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 recruitingaccommodations@cbre.com or via telephone at +1 866 225 3099 (U.S.) and +1 866 388 4346 (Canada). CBRE, Inc. is an Equal Opportunity and Affirmative Action Employer (Women / Minorities / Persons with Disabilities / US Veterans).

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    Multifamily Affordable Underwriter • Boston, MA, US

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