Sr. Commercial Underwriter, Multifamily

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

Requirements:

Posting end date - 3/20/26

Req Benefits:

EverBank, N.A. is committed to the well-being of its associates. That's why we offer a comprehensive Total Rewards package commensurate with the position and job-related qualifications, skills and knowledge. The Company's comprehensive Total Rewards package provides choice and flexibility and respects differences. The following benefits are available through the Company:

• Medical, dental, vision & HSA/FSA
• 401(k) savings
• Paid holidays & generous PTO
• Additional wellness & voluntary benefits

Compensation: $112,700 - $152,400
Additional Details :