Multi-Family Underwriting Associate

BWE; Irvine (CA); On-site; USD 65,000 - 80,000; Full time

Job summary

BWE in Irvine, CA seeks an Underwriting Assistant to support the underwriting team with credit, market and underwriting analysis of multi-family loans. You will input property level P&L statements and rent rolls for reconciliation and analysis, and learn Agency program rules to develop pro-forma projections.

The role includes reviewing third party appraisals and reports, conducting market analysis on income and occupancy trends, and supporting loan committee submissions and closings.

Qualifications

• Bachelor’s degree in business or finance is required.
• Minimum 2 years of experience in finance or real estate.
• Proficiency with Microsoft Office (Word and Excel).
• Ability to work in a team and collaborate with multiple parties.
• Strong problem solving and accuracy; able to manage multiple tasks.
• Excellent written and verbal communication skills.

Responsibilities

• Input property level P&L statements and rent rolls for reconciliation and analysis.
• Develop underwritten pro-forma projections for net cash flow for multi-family assets using agency program rules.
• Order and analyze third party appraisals, property condition reports, and Phase I environmental and seismic reports.
• Complete market analysis on income, demographics, rents, and occupancy trends.
• Develop understanding of Fannie Mae and Freddie Mac multi-family standards and processes.
• Assist underwriter with loan committee narratives and Freddie Mac submissions.
• Prepare deliverables for loan closings.
• Complete project site inspections to assess quality and collateral position.
• Interface with underwriting, production, and external parties professionally.
• Other duties or special assignments as assigned.

Skills

Team collaboration

Attention to detail

Problem solving

Communication skills

Time management

Education

Bachelor’s degree in business or finance

Tools

Microsoft Excel

Microsoft Word

Job description

BWE in Irvine, CA seeks an Underwriting Assistant to support the underwriting team with credit, market and underwriting analysis of multi-family loans. You will input property level P&L statements and rent rolls for reconciliation and analysis, and learn Agency program rules to develop pro-forma projections.

The role includes reviewing third party appraisals and reports, conducting market analysis on income and occupancy trends, and supporting loan committee submissions and closings.