Sr. Commercial Underwriter, Multifamily
EverBank, Irvine, CA, United States
Sr. Commercial Underwriter
The Commercial Underwriter Senior underwrites commercial real estate financing requests, including financial analysis on the collateral and related parties, reviews market conditions, and identifies the relevant risks that are appropriately mitigated relative to the organization's credit risk appetite in a recommended loan structure. This job is also responsible for constructing a credit memorandum which documents the analysis of credit data, identifies key risks and mitigating factors and makes credit recommendations which are aligned with the organization's risk appetite.
Key Responsibilities and Duties
Evaluates commercial real estate financing requests, reviews market conditions, and identifies the relevant risks that are appropriately mitigated relative to the organization’s credit risk appetite in a recommended loan structure.
Constructs a credit memorandum that documents: the analysis of credit data and other borrower information; compliance with credit policies; comments on the alignment with the organization’s risk appetite; identification of key risks and mitigating factors; discussion and defense of the risk rating.
Interacts with multiple internal and external parties associated with each loan, including legal and closing personnel to ensure the loan documentation correctly reflects approval terms and protects the organization and is accurately booked and funded.
Performs multiple tasks for separate transactions accurately in a time critical environment.
Gathers information as necessary to make sound decisions, which may include studying past insurance coverage and claims, finances, management, assets, and debts.
Monitors the collection of payment from applicants or confirmed banks which issue Letters of Credit.
Minimum Qualifications
3 years of prior experience as a commercial underwriter
Knowledge of multifamily lending
Preferred Qualifications
5-10 years of experience underwriting loans for multifamily assets
Prior experience reviewing and evaluating loan application package for completeness
Ability to perform financial analysis and commercial real estate cash flow calculations
Previous background analyzing borrower and key principle related tax returns and financial statements, with a focus on the underlying real estate cash flow calculations
Advanced skills in reviewing and analyzing various third-party documents and reports, including but not limited to, property financial statements, rent rolls, appraisals, environmental and engineering data, personal credit, title, escrow, borrowing entity structures, etc.
Experience partnering with loan administrators to identify title, insurance, zoning, entity or other issues that require analysis and resolution by the bank prior to approval, documentation and funding of a loan
Ability to partner with the production team to acquire sufficient information to make credit recommendations and to address credit concerns.
Strong financial analytical skills with the ability to evaluate complex financial statements and tax returns.
Considerable credit and underwriting background with expertise to handle diverse types of borrowing entity structures
Educational Requirements
University (Degree) Preferred
Physical Requirements
Physical Requirements: Sedentary Work
Career Level 7IC
Posting end date - 3/20/26
Pay Range $112,700 - $152,400
Equal Employment Opportunity Statement EverBank, N.A. is an equal opportunity (EEO) employer, dedicated to maintaining a work environment free of bias, harassment, discrimination and retaliation. As an EEO employer, EverBank expressly prohibits discrimination, harassment and retaliation based on protected characteristics such as race, creed, ethnicity, color, age, religion, sex, sex stereotype, pregnancy, sexual orientation, gender, gender identity, gender expression, transgender status, marital status, national origin, ancestry, physical or mental disability, genetic history and information, or military or veteran status. Providing a safe, inclusive environment is a priority at EverBank and, consistent with that mission, EverBank considers all qualified applicants for employment regardless of protected status.
We will not discharge or in any other manner discriminate against associates or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another associate or applicant. However, associates who have access to the compensation information of other associates or applicants as a part of their essential job functions cannot disclose the pay of other associates or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by us, or (c) consistent with our legal duty to furnish information.
#J-18808-Ljbffr
Key Responsibilities and Duties
Evaluates commercial real estate financing requests, reviews market conditions, and identifies the relevant risks that are appropriately mitigated relative to the organization’s credit risk appetite in a recommended loan structure.
Constructs a credit memorandum that documents: the analysis of credit data and other borrower information; compliance with credit policies; comments on the alignment with the organization’s risk appetite; identification of key risks and mitigating factors; discussion and defense of the risk rating.
Interacts with multiple internal and external parties associated with each loan, including legal and closing personnel to ensure the loan documentation correctly reflects approval terms and protects the organization and is accurately booked and funded.
Performs multiple tasks for separate transactions accurately in a time critical environment.
Gathers information as necessary to make sound decisions, which may include studying past insurance coverage and claims, finances, management, assets, and debts.
Monitors the collection of payment from applicants or confirmed banks which issue Letters of Credit.
Minimum Qualifications
3 years of prior experience as a commercial underwriter
Knowledge of multifamily lending
Preferred Qualifications
5-10 years of experience underwriting loans for multifamily assets
Prior experience reviewing and evaluating loan application package for completeness
Ability to perform financial analysis and commercial real estate cash flow calculations
Previous background analyzing borrower and key principle related tax returns and financial statements, with a focus on the underlying real estate cash flow calculations
Advanced skills in reviewing and analyzing various third-party documents and reports, including but not limited to, property financial statements, rent rolls, appraisals, environmental and engineering data, personal credit, title, escrow, borrowing entity structures, etc.
Experience partnering with loan administrators to identify title, insurance, zoning, entity or other issues that require analysis and resolution by the bank prior to approval, documentation and funding of a loan
Ability to partner with the production team to acquire sufficient information to make credit recommendations and to address credit concerns.
Strong financial analytical skills with the ability to evaluate complex financial statements and tax returns.
Considerable credit and underwriting background with expertise to handle diverse types of borrowing entity structures
Educational Requirements
University (Degree) Preferred
Physical Requirements
Physical Requirements: Sedentary Work
Career Level 7IC
Posting end date - 3/20/26
Pay Range $112,700 - $152,400
Equal Employment Opportunity Statement EverBank, N.A. is an equal opportunity (EEO) employer, dedicated to maintaining a work environment free of bias, harassment, discrimination and retaliation. As an EEO employer, EverBank expressly prohibits discrimination, harassment and retaliation based on protected characteristics such as race, creed, ethnicity, color, age, religion, sex, sex stereotype, pregnancy, sexual orientation, gender, gender identity, gender expression, transgender status, marital status, national origin, ancestry, physical or mental disability, genetic history and information, or military or veteran status. Providing a safe, inclusive environment is a priority at EverBank and, consistent with that mission, EverBank considers all qualified applicants for employment regardless of protected status.
We will not discharge or in any other manner discriminate against associates or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another associate or applicant. However, associates who have access to the compensation information of other associates or applicants as a part of their essential job functions cannot disclose the pay of other associates or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by us, or (c) consistent with our legal duty to furnish information.
#J-18808-Ljbffr