Multifamily Underwriter

POSITION SUMMARY:Responsible for the underwriting of multi family and commercial loans in accordance with the guidelines, policies and procedures set forth by the Bank. Work with a team of lending professionals to originate multi-family and commercial loans for the Bank's portfolio. Additional duties may include support in the loan origination and loan servicing areas to support the Lending Department.ESSENTIAL JOB FUNCTIONS:Underwrites multi-family and commercial real estate loansProvides clear and detailed analysis based on a thorough understanding of debt service ratios, cash flow, appraisal, credit analysis, CAP rates, etc.Complies with all compliance regulations and the Bank's policies and procedures in order to achieve satisfactory ratings from internal and external auditors.Answers inquiries regarding the Bank's current loan programs, policies and pricing.Reviews and analyzes appraisals to evaluate the market value and determine that the property meets the Bank's standards and qualifies as security for the loan requested.Works closely with loan processor and funder and counter signs loan decisions consistent with program parameters as needed.Performs other duties to support the overall Lending Department as assigned.REGULATORY KNOWLEDGE:Position requires a high level of understanding of the following Compliance Regulations:Equal Credit Opportunity Act (Regulation B)Fair Housing Act * Home Mortgage Disclosure Act (Regulation C)Flood Disaster Protection ActBank Secrecy ActMINIMUM QUALIFICATIONS:Qualified candidates must have: A minimum of 5-years of multi-family residential underwriting experience; A thorough understanding of 5-36 multi-family units and commercial real estate underwriting guidelines and processes; Excellent analytical skills; The ability to handle multiple tasks while meeting deadlines; Good organizational skills; Excellent verbal and written communication skills; Advanced computer skills; High School Diploma required, Bachelor Degree preferred; A high level understanding of compliance regulations.