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Multifamily Underwriter

Company: Bank of Hope
Location: Los Angeles
Posted on: November 22, 2021

Job Description:

Position InformationJob Title: Multifamily UnderwriterDepartment: BLC MultifamilyFLSA Status: ExemptReports to: Head of Underwriting MultifamilyFull/Part Time Status: Full-TimeWork Location: Los Angeles, CATravel Requirement: 0-10%
EducationMinimum Education Level: Bachelor's DegreeMinimum Years of Experience: 5-10 years of banking experience, preferably in commercial real estate lending specialized in multifamily lending (5+ units)Combination of Experience and Education can meet the job requirements: Yes
Language RequirementEnglish: Written: Advanced Verbal: FluentKorean: Written: N/A Verbal: N/A
Computer/Systems Knowledge RequirementsMicrosoft Outlook: BasicMicrosoft Word: BasicMicrosoft Excel: BasicMicrosoft PowerPoint: Basic
Responsibilities & Duties

  • Responsible for underwriting multifamily loans within the Multifamily Lending Group with limited supervision.
    • Oversight of overall processing and underwriting due diligence in accordance with bank guidelines.
      • Work with sales teams to determine most appropriate deal structure and resolve outstanding issues.
        • Interface with client to obtain critical property, management and borrower details for each transaction.
          • May conduct property site inspections.
            • Will serve as backup for underwriting manager and mentor for analyst, underwriters and sales associates.
              Job Qualifications/Requirements
              • Bachelor's degree and must possess a minimum of 5-10 years' experience in commercial real estate specialized in multifamily lending (5+ units).
                • Strong knowledge of California multifamily markets
                  • Ability to develop pro-forma analysis, rent roll analysis, operation history analysis, market analysis review of third-party reports and sponsor analysis.
                    • Ability to independently complete loan sizing and narrative template for presentation to credit.
                      • Strong ability to analyze complex sponsor financials by reviewing sponsor financial support documentation (financial statements, schedule of real estate and verification of deposit).
                        • Understanding of property valuation techniques (income and sales approach).
                          • Strong project management skills
                            • Ability to thrive in a fast paced, collaborative work environment while maintain high standards of quality.
                              • Excellent communication and interpersonal skills with high ability to problem solve.
                                Physical Demands
                                Lifting/CarryingUnder 10 lbs.: Occasional (1% - 33% of the time)11-20 lbs.: Rarely (Less than 1 hour per week)
                                Pushing/PullingUnder 10 lbs.: Occasional (1% - 33% of the time)11-20 lbs.: Rarely (Less than 1 hour per week)
                                Twisting/TurningReach over shoulder: Frequent (34%-66% of the time)Reach over head: Rarely (Less than 1 hour per week)Reach outward: Rarely (Less than 1 hour per week)Climb: Rarely (Less than 1 hour per week)Crawl: Rarely (Less than 1 hour per week)Kneel: Rarely (Less than 1 hour per week)Squat: Rarely (Less than 1 hour per week)Sit: Frequent (34%-66% of the time)Walk-Normal Surfaces: Constant (Over 66% of the time)Walk-Uneven Surfaces: Rarely (Less than 1 hour per week)Walk-Slippery Surfaces: Rarely (Less than 1 hour per week)Stand: Frequent (34%-66% of the time)Bend: Rarely (Less than 1 hour per week)
                                DrivingAutomatic Trans: Frequent (0-10% of the time)
                                OtherKeyboard/Ten Key: Constant (Over 66% of the time)Fingering (fine dexterity): Constant (Over 66% of the time)Handling (grasping, holding): Constant (Over 66% of the time)Repetitive Motion - Hands: Frequent (34% - 66% of the time)Repetitive Motion - Feet: Frequent (34% - 66% of the time)

Keywords: Bank of Hope, Los Angeles , Multifamily Underwriter, Other , Los Angeles, California

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