Underwriter

Frederick Fox; Greenwood Village (CO); Hybrid; USD 90,000 - 140,000; Full time

Job summary

Frederick Fox in Colorado is seeking a Multifamily Underwriter to assess risk and ensure strict adherence to lending guidelines for Borrowers, Sponsors, Guarantors, and Properties. This is a hybrid role requiring in-office work four days per week.

Responsibilities include underwriting Multifamily DSCR Rental loans up to $10M with up to 100 units, analyzing financial statements, identifying market risks, preparing credit memos, and coordinating with the Credit Committee.

Qualifications

• 3 years of direct work experience in loan underwriting.
• Experience underwriting DSCR Rental loans on large multifamily properties (10–100 units).
• Ability to underwrite manually without AUS.

Responsibilities

• Underwrite real estate lending transactions, including Multifamily DSCR Rental loans up to $10MM and 100 units.
• Analyze entity and guarantor financial information, evaluating both historical performance and future projections.
• Identify relevant business, market, and other commercial risks faced by the borrower; prepare comprehensive risk assessments and credit memos.
• Interact directly with the Credit Committee regarding Credit Policy and loan-level underwrites.
• Effectively manage a pipeline of loan underwrites and offer informed recommendations on loan approvals.
• Review, manage, and critique the work of Underwriting Support staff.
• Offer recommendations to improve process efficiency and reduce or eliminate underwriting oversights.

Skills

Schedule

Initiative

Analytical Skills

Attention to Detail

Communication

Teamwork

Technical Skills

Drive

Education

High school diploma or equivalent

College degree preferred

Tools

Microsoft Office Suite

Job description

Job Title: Multifamily Underwriter

Company Overview

We are a well-capitalized, institutional private lender that provides real estate investors with business purpose financing on non-owner-occupied residential properties. Primarily focused on sourcing and funding DSCR Rental loans, we are currently in an exciting growth phase. The successful candidate will be an instrumental part of our journey as we expand our market presence.

We recently launched a large-balance multifamily lending program offering 30-year Term loans up to $10MM on properties up to 100 units. The ideal candidate will be capable of assisting with the design, development, and scaling of this new program.

Position Summary

The Multifamily Underwriter is responsible for assessing various risks and ensuring strict adherence to lending guidelines pertaining to the Borrower, Sponsor / Guarantor, and Property. This role requires a hybrid schedule, with the expectation of being in the office 4 days per week.

Essential Duties & Responsibilities

• Loan Underwriting: Underwrite real estate lending transactions, including Multifamily DSCR Rental loans up to $10MM and 100 units.
• Financial Analysis: Analyze entity and guarantor financial information, evaluating both historical performance and future projections.
• Risk Assessment: Identify relevant business, market, and other commercial risks faced by the borrower; prepare comprehensive risk assessments and credit memos.
• Committee Interaction: Interact directly with the Credit Committee regarding Credit Policy and loan-level underwrites.
• Pipeline Management: Effectively manage a pipeline of loan underwrites and offer informed recommendations on loan approvals.
• Leadership & Collaboration: Review, manage, and critique the work of Underwriting Support staff.
• Process Improvement: Offer recommendations to improve process efficiency and reduce or eliminate underwriting oversights.

Desired Skills & Qualifications

• Schedule: Ability to work in-office 4 days per week at our corporate location.
• Initiative: Self-starter capable of assisting with the design, development, and growth of a large-balance multifamily lending program.
• Analytical Skills: High mathematical aptitude, strong business judgment, and the ability to synthesize and analyze complex data.
• Attention to Detail: Excellent attention to detail with the ability to spot mistakes or potential problems and correctly complete all analysis and documentation involved in the underwriting process.
• Communication: Strong oral and written communication skills, with the ability to present findings clearly to leadership.
• Teamwork: A dedicated team player with experience collaborating across regional or remote teams.
• Technical Skills: Proficiency in Microsoft Office Suite.
• Drive: Goal-oriented and self-motivated with a determination to achieve set goals and a willingness to continuously learn and evolve with the industry.

Education & Experience Requirements

• Experience: 3 years of direct work experience in loan underwriting (3 to 5 years of multifamily mortgage underwriting experience preferred).
• Asset Class Expertise: Experience underwriting DSCR Rental loans, specifically including large multifamily properties of 10 to 100 units. Experience with affordable housing units is a plus.
• Technical Capability: Capable of manual underwriting without the assistance of an Automated Underwriting System (AUS).
• Education: High school diploma or equivalent required; College degree preferred.