VP of Underwriting

Lead a commercial underwriting team overseeing multifamily and commercial real estate loans while helping shape credit strategy, policy, and portfolio quality

This Jobot Job is hosted by: Alyssa Montgomery
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Salary: $140,000 - $150,000 per year

A bit about us:

We are seeking an experienced Vice President of Commercial Underwriting to lead the underwriting process for multifamily, commercial real estate, and commercial loans.

This is a highly visible leadership role responsible for managing a team of underwriters, maintaining strong credit standards, and partnering with lending professionals to evaluate and originate quality loans for the Bank’s portfolio.

The ideal candidate will bring deep multifamily underwriting experience, strong commercial credit judgment, and the ability to lead a team while ensuring all loans comply with established credit policies and banking regulations.

Why join us?

Step into a senior leadership role with meaningful influence over credit quality and underwriting strategy
Lead and develop an established commercial underwriting team
Work closely with senior lending and executive leadership
Manage a diverse portfolio of multifamily, commercial real estate, and commercial loans
Contribute directly to the continued development of the Bank’s underwriting policies and procedures

Job Details

What You’ll Do
Manage and develop a team of multifamily, commercial real estate, and commercial loan underwriters
Review and oversee detailed credit analysis, including cash flow, debt service coverage ratios, CAP rates, appraisals, borrower credit, and property performance
Ensure underwriting decisions comply with Bank policies, regulatory requirements, and internal credit standards
Manage the appraisal, environmental review, and property inspection process
Independently review third-party reports to ensure properties qualify as appropriate collateral
Partner with loan consultants, brokers, processors, funders, and senior management throughout the loan origination process
Prepare and present loan packages and market summaries to the Senior Loan Committee
Provide guidance regarding commercial loan programs, pricing, policies, and underwriting requirements
Identify opportunities to improve underwriting policies, procedures, and overall credit management
Support the Bank in maintaining satisfactory internal and external audit results

What We’re Looking For
At least 5 years of direct multifamily residential underwriting experience
Strong knowledge of underwriting apartment properties containing approximately 5–75 units
Experience underwriting commercial real estate and commercial loans
Thorough understanding of cash flow analysis, DSCR, CAP rates, appraisals, environmental reports, inspections, and credit analysis
Previous leadership, management, or team-development experience
Ability to effectively present credit recommendations to senior leadership or loan committees
Strong knowledge of commercial lending regulations and compliance requirements
Excellent analytical, organizational, written, and verbal communication skills
Ability to manage multiple active transactions while meeting deadlines
Advanced computer skills
High school diploma required
Bachelor’s degree preferred

Interested in hearing more? Easy Apply now by clicking the "Quick Apply" button.

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