Commercial Mortgage Senior Underwriter in New York, New York | DiversityInc Careers
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Commercial Mortgage Senior Underwriter

Job Description

Wells Fargo Multifamily Capital

Responsible for underwriting of complex affordable multifamily GSE transactions with Fannie Mae and Freddie Mac. Preparing credit memos for presentation to WF Risk and/or Fannie Mae/Freddie Mac.

Team members support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following, and adhering to all applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements.

Required Qualifications

  • 10+ years of commercial underwriting experience

Desired Qualifications

  • Advanced commercial real estate industry experience
  • Ability to interact with all levels of an organization
  • Excellent verbal, written, and interpersonal communication skills
  • Extensive knowledge and understanding of risk return judgment/discipline in the deployment of capital
  • Extensive knowledge and understanding of underwriting all commercial real estate property types
  • Strong analytical skills with high attention to detail and accuracy
  • Leadership skills

Other Desired Qualifications
  • Bachelor's Degree required
  • 7+ years of commercial underwriting experience
  • Multifamily finance background is preferred
  • Fannie Mae and Freddie Mac experience is preferred, but not required
  • Affordable housing experience is preferred, but not required

    All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

    Relevant military experience is considered for veterans and transitioning service men and women.

    Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.