Senior Loan Underwriter (Multifamily)

One United; Miami, Northern (FL, KY); Hybrid; USD 3,900 - 105,000; Full time

Job summary

One United in Miami, FL is seeking an experienced Underwriter for multi-family and commercial loans. You will work with a team of lending professionals to originate loans for the Bank’s portfolio and support loan origination and servicing as needed.

The role requires deep knowledge of debt service, cash flow, appraisals and compliance with applicable regulations.

Qualifications

• Minimum 5 years of multi-family residential underwriting experience.
• Strong knowledge of 5-36 multi-family units and commercial real estate underwriting guidelines.
• Excellent analytical and written/verbal communication skills.
• Ability to handle multiple tasks and meet deadlines.
• High school diploma required; bachelor’s degree preferred.
• Understanding of compliance regulations.

Responsibilities

• Underwrites multi-family and commercial real estate loans.
• Provides clear analysis based on debt service ratios, cash flow, appraisals, and CAP rates.
• Ensures compliance with regulations and bank policies.
• Responds to inquiries about loan programs, policies, and pricing.
• Interfaces with loan consultants, brokers, and management to prepare packages for approval.
• Reviews appraisals to confirm value and loan security.
• Collaborates with loan processor and funder; signs loan decisions as needed.
• Performs other duties to support the Lending Department.

Skills

Analytical skills

Multitasking

Organizational skills

Verbal & written communication

Regulatory compliance understanding

Education

Bachelor's degree preferred

Job description

Responsible for the underwriting of multi family and commercial loans in accordance with the guidelines, policies and procedures set forth by the Bank. Work with a team of lending professionals to originate multi-family and commercial loans for the Bank’s portfolio. Additional duties may include support in the loan origination and loan servicing areas to support the Lending Department.

RESPONSIBILITIES AND ACCOUNTABILITIES - essential job functions include but are not limited to:

• Underwrites multi-family and commercial real estate loans
• Provides clear and detailed analysis based on a thorough understanding of debt service ratios, cash flow, appraisal, credit analysis, CAP rates, etc.
• Complies with all compliance regulations and the Bank’s policies and procedures in order to achieve satisfactory ratings from internal and external auditors.
• Answers inquiries regarding the Bank’s current loan programs, policies and pricing.
• Interfaces with Multifamily Loan Consultants, brokers and management in preparing loan packages for Senior Loan Committee approval.
• Reviews and analyzes appraisals to evaluate the market value and determine that the property meets the Bank’s standards and qualifies as security for the loan requested.
• Works closely with loan processor and funder and counter signs loan decisions consistent with program parameters as needed.
• Performs other duties to support the overall Lending Department as assigned.

REGULATORY KNOWLEDGE:

Position requires a high level of understanding of the following Compliance Regulations:

• Equal Credit Opportunity Act (Regulation B)
• Home Mortgage Disclosure Act (Regulation C)
• Flood Disaster Protection Act
• Bank Secrecy Act

MINIMUM QUALIFICATIONS:

Qualified candidates must have:

• A minimum of 5-years of multi-family residential underwriting experience
• A thorough understanding of 5-36 multi-family units and commercial real estate underwriting guidelines and process
• Excellent analytical skills
• The ability to handle multiple tasks while meeting deadlines
• Good organizational skills
• Excellent verbal and written communication skills
• High School Diploma required, Bachelor Degree preferred
• A high level understanding of compliance regulations.

The Bank is in full compliance with the Americans with Disabilities Act (ADA) and does not discriminate with regard to applicants or employees with disabilities, and will make reasonable accommodation when necessary.The following are essential abilities and physical requirements for all positions at the Bank:

• Ability to verbally communicate effectively with others,
• Ability to communicate effectively in writing, using the English language
• Ability to accurately count and perform arithmetic calculations.
• Ability to work cooperatively with colleagues and supervisory staffs at all levels,
• Exposed to short, intermittent, and/or prolonged periods of sitting and/or standing in performance of job duties,
• Ability to use various types of equipment/supplies to include, but not limited to, computers, pens, pencils, calculators, telephone, etc. to accomplish job duties.
• Travel by car, airplane, bus or train to other Bank offices and on occasion, to other sites to attend meetings, conferences, workshops, seminars, etc.

Pay Range: $3,850.00 - $4,050/Biweekly, Which annualizes to $100,100.00 - $105,300.00