Underwriter - Multifamily Affordable

CBRE; Seattle (WA); On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

401(k) plan

Health insurance

Dental insurance

Life insurance

Vision insurance

Job summary

CBRE seeks a Multifamily Underwriter to support the Chief Underwriter and Senior Underwriter in evaluating Multifamily Affordable Housing loan requests, assessing risks and conformance with credit standards.

The role involves preparing underwriting submissions for loan committees, training analysts, and collaborating with internal teams. A bachelor’s degree and 2+ years of CRE analysis are expected; some travel may be required.

Qualifications

• Bachelor's degree required; concentration in Finance/Accounting/Economics/Real Estate preferred.
• Minimum two years’ experience in analysis of commercial real estate properties and underwriting loans.
• Experience underwriting Targeted Affordable Housing loans with Fannie Mae DUS Lender or Freddie Mac TAH Seller/Servicer is highly desirable.

Responsibilities

• Credit and real estate analysis; prepare underwriting packages and borrower credit analyses.
• Prepare narrative and underwriting packages for new loan requests.
• Review due diligence information and integrate real estate data from market reports and third-party sources.
• Train, plan, and supervise underwriting analysts; collaborate with production analysts, insurance and closing.

Skills

Strong work ethic

Written communication

Analytical skills

Organizational skills

Financial analysis knowledge

Ability to present information

AI prompts & Microsoft Office

Education

Bachelor's degree in Finance/Accounting/Economics/Real Estate

Tools

Microsoft Word

Microsoft Excel

PowerPoint

Job description

ABOUT THE ROLE

As a Multifamily Underwriter you will be responsible for assisting the ChiefUnderwriter, Deputy Chief Underwriter and Senior Underwriter in evaluatingMultifamily Affordable Housing loan requests, assessing key areas of risks andconformance with CMC, Fannie Mae and Freddie Mac credit standards and programrequirements. Prepares underwriting submissions for loan committee. Strong workethic and drive for excellence are essential to join this high-performanceteam.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Responsible for credit and real estate analysis, processing incomingexhibits and preparing final delivery underwriting packages. Preparation ofBorrower 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 realestate 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 productionanalysts, insurance and closing.

• Other duties as assigned.

SUPERVISORY RESPONSIBILITIES

No formal management responsibilities in this position. Providesinformal assistance such as technical guidance and training to coworkers. Maylead ad hoc project teams.

WHAT YOU'LL NEED

To perform this job successfully, an individual must be able toperform each essential duty satisfactorily. The requirements listed below arerepresentative of the knowledge, skill, and ability required.

Reasonable accommodation may be made to enable individuals with disabilities toperform the essential functions.

EXPERIENCE and EDUCATION

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

• Bachelor's degree from a four-year college or university required. Concentrationin Finance, Accounting, Economics, Real Estate or other related subjectpreferred. Minimum two years’ experience in analysis of commercial real estateproperties, including duties such as inspecting property, reviewing financialstatements, and underwriting loan transactions.

QUALIFICATIONS and SKILLS

• Candidates must possess a strong work ethic, excellent writtencommunication and analytical skills, must be detail-oriented and possess theability to work effectively with other team members and Freddie Mac/Fannie Maein a fast- paced environment

• Strong organizational skills required. Ability to provide efficient,timely, reliable and courteous service to customers. Ability to effectivelypresent information

• Requires knowledge of financial terms and principles. Requiresintermediate analytical and quantitative skills to conduct financial analysis.

• Ability to comprehend, analyze, and interpret documents. Ability tosolve problems involving several options in situations.

• Must make decisions with an understanding of procedures and companypolicies to achieve set results and deadlines. Responsible for setting interim projectdeadlines

• Proficient in AI prompts and skills and well as common Microsoftapplications, including Word, Excel and PowerPoint.

• Will be required to travel as needed.

• NOTE: In addition to a resume, you must submit a cover letter outlining yourinterest in Multifamily Affordable Housing and the Underwriter role anddescribing the relevance of your professional and academic background. Strongwritten communication skills are imperative for the position. The cover letterwill be used to assess writing ability.

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

Why CBRE?

When you join CBRE, you become part of the global leader incommercial real estate services and investment that helps businesses and peoplethrive. We are dynamic problem solvers and forward-thinking professionals whocreate significant impact. Our collaborative culture is built on our sharedvalues respect, integrity, service and excellence and we value the diverseperspectives, backgrounds and skillsets of our people. At CBRE, you have theopportunity to chart your own course and realize your potential. We welcome allapplicants.

Our Values in Hiring

At CBRE, we are committed to fostering a culture where everyonefeels they belong. We value diverse perspectives and experiences, and wewelcome all applications.

Applicant AI Use Disclosure

We value human interaction to understand each candidate's uniqueexperience, skills and aspirations. We do not use artificial intelligence (AI)tools to make hiring decisions, and we ask that candidates disclose any use ofAI in the application and interview process.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500company headquartered in Dallas, is the world’s largest commercial real estateservices and investment firm (based on 2024 revenue). The company has more than140,000 employees (including Turner & Townsend employees) serving clientsin more than 100 countries. CBRE serves clients through four business segments:Advisory (leasing, sales, debt origination, mortgage serving, valuations);Building Operations & Experience (facilities management, propertymanagement, flex space & experience); Project Management (program management,project management, cost consulting); Real Estate Investments (investmentmanagement, development). Please visit our website at www.cbre.com .

CBRE carefully considers multiple factors to determine compensation, including a candidate’s education, training, and experience. The minimum salary for the Underwriter - Multifamily Affordable position is $90,000 annually and the maximum salary for the Underwriter - Multifamily Affordable position is $120,000 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 CBRE’s applicable benefit program. This role will provide the following benefits: 401(K), Dental insurance, Health insurance, Life insurance, and Vision insurance.

Equal Employment Opportunity: CBRE is an equal opportunity employer that values diversity. We have 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 [e-mail] or via telephone at [phone] (U.S.) and [phone] (Canada).

CBRE, Inc. is an Equal Opportunity and Affine tive Action Employer (Women/Minorities/Persons with Disabilities/US Veterans)