RCC Senior Underwriter I (Multifamily Affordable/Bridge Loan)

United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Real EstateIndustries

Requirements

Candidates must possess a Bachelor's Degree or equivalent work experience, coupled with at least 5 years of underwriting or related experience, including multifamily inspection training or equivalent credit training. Alternatively, a combined minimum of 9 years of higher education and/or work experience is acceptable. Proficiency in Excel and Word, strong verbal and written communication skills, strong analytical skills, and experience with taxable, tax-exempt, and preservation product types are essential.

Responsibilities

The Senior Underwriter will analyze operating statements for multifamily or commercial loan transactions according to investor guidelines, assess loan sizing and overall risk, and interview borrowers and property managers. Responsibilities include negotiating deal terms with loan originators, interacting with investor representatives, inspecting properties nationally, reviewing third-party reports, completing underwriting narratives and committee packages, and reviewing commitment letters for handoff to the closing department. The role also involves adhering to compliance and operational risk controls, promoting an inclusive environment, and maintaining internal control standards. Additionally, the underwriter will indirectly manage and mentor loan processors or junior underwriters.

Skills

Underwriting

Multifamily

Affordable Housing

Bridge Loans

Due Diligence

Financial Analysis

Risk Assessment

Loan Sizing

Fannie Mae

Freddie Mac

HUD

Commercial Real Estate

M&T Bank

Full-service banking for individuals and businesses

About M&T Bank

M&T Bank provides a variety of banking services to individuals, small businesses, and larger companies. Their offerings include mortgage assistance, personal and business checking accounts, and mobile banking options. The bank primarily operates in the Northeastern and Mid-Atlantic regions of the United States, emphasizing community engagement and a focus on customer service. M&T Bank's business model is based on traditional banking practices, such as loans, deposits, and investment products, and it generates revenue through interest income and service fees. A key aspect that sets M&T Bank apart from its competitors is its commitment to community involvement, which includes allowing employees to volunteer and supporting local organizations. The recent merger with United Bank, N.A. has further expanded their services and market presence.

Buffalo, New YorkHeadquarters

1993Year Founded

IPOCompany Stage

Financial ServicesIndustries

10,001+Employees