RCC Senior Underwriter II (Agency Multifamily)

United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Real Estate, Mortgage BankingIndustries

Requirements

Candidates must possess a Bachelor's degree or equivalent work experience, with at least 7 years of multifamily agency underwriting or related experience, including multifamily inspection training. Alternatively, a combined minimum of 11 years of higher education and/or work experience is acceptable, with at least 7 years in underwriting or related fields and completion of multifamily inspection training. Strong teamwork, verbal and written communication, problem-solving skills, and proficiency in Excel and modeling are essential. Travel for property inspections is required.

Responsibilities

The Senior Underwriter will analyze and manage the multifamily underwriting process, ensuring loans comply with investor guidelines and are issued promptly. Responsibilities include accurate loan sizing, risk assessment, interviewing borrowers and property managers, reviewing subordinate debt and regulatory agreements, and determining optimal deal structures. The role involves interacting with investor representatives, inspecting properties nationally, obtaining and reviewing third-party reports, completing underwriting narratives and committee packages, and coordinating with the processing team for timely submissions. Additionally, the underwriter will review commitment letters, stay updated on legislation, coordinate with various financial parties, address post-closing requests, and mentor junior underwriters.

Skills

Multifamily underwriting

Fannie Mae programs

Freddie Mac programs

Due diligence

Risk assessment

Loan sizing

Investor guidelines

Commercial real estate financing

Financial analysis

Communication

Problem-solving

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

Risks

Competition from fintechs could erode M&T Bank's market share among tech-savvy customers.

Integration challenges from the United Bank merger may disrupt operations.

Decreased prime rate could reduce interest income, impacting profitability.

Differentiation

M&T Bank emphasizes community engagement through its charitable foundation and volunteer programs.

The bank offers a wide range of traditional and digital banking services.

Recent merger with United Bank, N.A. expands M&T's market reach and service offerings.

Upsides

M&T Bank's $1.5 billion senior notes offering strengthens its financial position.

Decreased prime rate may attract more borrowers, increasing loan volume.

Shannon Lazare's appointment as New Jersey Regional President enhances local community engagement.

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