Underwriter

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Job Identification Number: 247

Location: Irvine, CA

Job Type: Direct Hire

Job Category: Real Estate

Qualified candidates, please attach resume when applying.

Overview

Our client, a Real Estate Investment Trust Company, is seeking an Underwriter to join their Irvine, California office. This role reports to the Senior Underwriter, and assists with the analysis and underwriting of loans under various financing programs.

Primary Responsibilities:

  • Underwrite Multifamily Loans in accordance with (GSE) Fannie Mae and (GSE) Freddie Mac Agency guidelines and requirements

  • Collect, analyze, and approve all required due diligence for Multifamily loans

  • Formulate Net Operating Income in accordance with GSE Guidelines using sponsor submitted operating data and appraisal data

  • Review and analyze loan application documents including financial/credit exhibits, and all third party technical reports

  • Mentor and train junior staff

  • Perform property and market inspections to evaluate property conditions and market/submarket dynamics

Qualifications:

  • Bachelor’s degree in Finance or related field

  • 5+ years’ experience in commercial or multi-family real estate finance; Preferably with GSE Agency experience

  • Working knowledge of agency Underwriting guidelines, title, survey, and legal descriptions

  • Ability to travel up to 15%