CBRE Underwriter in Portland, Oregon
Portland, Oregon, United States at https://cbre.referrals.selectminds.com/jobs/24986/other-jobs-matching/location-only
▾ ▸ 4 additional locations
Seattle, Washington, United States San Francisco, California, United States Sacramento, California, United States Bellevue, Washington, United States
Requisition # 17016335
Underwriter for the Freddie Mac Small Balance Loan (SBL) program. Involves underwriting initial loan screening for quotes, and full underwriting for submittal to Freddie Mac for approval. Position is a centralized underwriting position, to be located in Seattle, Portland, Sacramento or San Francisco, and will report directly to the Senior Underwriter.
Responsible for performing all due diligence necessary to make informed recommendation to loan committee regarding the risks and mitigates for securing multifamily property loans.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Reviews field underwriting submissions to ensure internal credit quality and investor compliance.
Presents transaction for loan committee approval.
Preparation of Borrower credit analysis including determination of net worth, liquidity, overall financial strength and acceptability of proposed borrower structure.
Acts as primary liaison between loan producer, investor, legal counsel and closing officer throughout the underwriting process.
Performs property and market level due diligence, reviews third party reports and legal documents to ensure compliance with internal credit tolerances as well as investor requirements.
Other related tasks include credit and real estate analysis, processing incoming exhibits and preparing final delivery of investor packages.
Other duties as assigned.
May assist in supervisory responsibilities of the Underwriting Analyst in this position. Coordinates and assigns tasks to co-workers within a work unit and/or project team. Leads project teams and/or plan, and supervise assignments of lower level employees. May have responsibility for identifying training needs, tracking performance, coaching, and motivating a work unit and/or group.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and EXPERIENCE
Bachelor’s degree from a four-year college or university required. Concentration in Finance, Accounting, Economics, Real Estate or other related subject preferred. Minimum two years multi-family Underwriting experience.
CERTIFICATES and/or LICENSES
Excellent written and verbal communication skills. Strong organizational and analytical skills. Ability to provide efficient, timely, reliable and courteous service to customers. Ability to effectively present information.
Requires advanced knowledge of financial terms and principles. Ability to calculate intermediate figures such as percentages, discounts, and commissions. Conducts advanced financial analysis.
Ability to comprehend, analyze, and interpret complex documents. Ability to solve problems involving several options in situations. Requires advanced analytical and quantitative skills.
OTHER SKILLS and/or ABILITIES
Proficient in common Adobe and Microsoft applications including: Word, PowerPoint and Excel. Knowledge and understanding of the principles and procedures for underwriting and processing of small balance multifamily loans, especially Freddie Mac, essential. Will be required to travel as needed.
SCOPE OF RESPONSIBILITY
Decisions made with thorough understanding of procedures, company policies, and business practices to achieve general results and deadlines. Responsible for setting work unit and/or project deadlines. Errors in judgment may cause short-term impact to department.
US Company Profile
About CBRE (NYSE: CBG): At CBRE, you are empowered to take your career path into your own hands. Enjoy workplace flexibility in a global organization with tremendous scale. Work in an inclusive and collaborative environment with supportive teammates. Come experience the employee advantage at CBRE.
CBRE has 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.
As a Fortune 500 worldwide leader in real estate services, CBRE’s more than 70,000 professionals provide exceptional outcomes for clients in 60+ countries. When it comes to real estate, CBRE sees potential everywhere. We turn scale into strength, expense into performance, and property into prosperity. Visit CBRE.com.
About CBRE (NYSE: CBG): At CBRE, you are empowered to take your career path into your own hands. Enjoy workplace flexibility in a global organization with tremendous scale. Come experience the employee advantage at CBRE.
CBRE Limited is an equal opportunity employer who welcomes and encourages applications from all persons regardless of race, national or ethnic origin, colour, age, religion, sex, sexual orientation, family status, gender identity or expression, disability or any other status or condition protected by applicable federal, provincial or territorial law. Accommodations are available on request for all candidates at any time. If you require accommodation at any stage of the recruitment process, please contact CBRE Human Resources at firstname.lastname@example.org mailto: email@example.com or via telephone1-866-388-4346.
As a leader in real estate services, CBRE's professionals provide exceptional outcomes for clients in 60+ countries. Visit www.cbre.ca