Are you a skilled underwriter with a passion for multifamily real estate? Look no further! Citigroup is seeking a highly motivated and experienced Multifamily Underwriter to join our team. In this role, you will have the opportunity to work with a dynamic group of professionals and play a crucial role in the growth and success of our organization. Our ideal candidate will have a strong background in underwriting multifamily loans and possess excellent analytical and communication skills. If you are ready to take the next step in your career, we invite you to apply for this exciting opportunity at Citigroup.
- Conduct thorough analysis and underwriting of multifamily real estate loans to determine risk and potential profitability for Citigroup.
- Utilize industry knowledge and market trends to make informed decisions on loan approvals.
- Collaborate with loan officers, appraisers, and other professionals to gather necessary information and ensure accuracy of underwriting.
- Prepare comprehensive loan proposals and recommendations for approval by senior management.
- Monitor and review loan portfolio performance to identify potential risks and propose solutions.
- Keep up-to-date with industry regulations and compliance requirements.
- Communicate effectively with clients and internal teams to provide updates and address any concerns.
- Maintain accurate records and documentation of underwriting process.
- Identify and recommend process improvements to increase efficiency and effectiveness of underwriting procedures.
- Develop and maintain positive relationships with key stakeholders, including borrowers, investors, and external partners.
- Provide guidance and support to junior underwriters as needed.
- Represent Citigroup in a professional manner and contribute to a positive work environment.
Strong Analytical Skills: A Multifamily Underwriter At Citigroup Should Possess Excellent Analytical Skills To Evaluate Complex Financial Data And Make Sound Underwriting Decisions.
Knowledge Of Multifamily Lending: The Ideal Candidate Should Have A Deep Understanding Of Multifamily Lending Products, Including Fannie Mae, Freddie Mac, And Fha Loans, As Well As Applicable Regulations And Guidelines.
Experience In Underwriting: Previous Experience In Underwriting Multifamily Loans Is A Must For This Role. Candidates Should Have A Proven Track Record Of Successfully Underwriting And Closing Multifamily Loans.
Attention To Detail: The Role Of A Multifamily Underwriter Requires A High Level Of Attention To Detail To Accurately Assess Risk And Identify Potential Issues In Loan Applications.
Communication And Collaboration Skills: As A Multifamily Underwriter, The Ability To Effectively Communicate And Collaborate With Various Stakeholders, Including Borrowers, Loan Officers, And Internal Teams, Is Crucial For Success In The Role.
Financial Analysis
Credit Analysis
Cash flow modeling
Loan structuring
Risk assessment
Regulatory compliance
Due Diligence
Market trends
Loan underwriting
Real Estate Valuation
Debt Service Analysis
Communication
Conflict Resolution
Emotional Intelligence
Leadership
Multitasking
Time management
creativity
Teamwork
Adaptability
Problem-Solving
According to JobzMall, the average salary range for a Multifamily Underwriter in New York, NY, USA is $75,000 to $120,000 per year. This can vary depending on the specific company, experience level, and other factors.
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Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998; Travelers was subsequently spun off from the company in 2002.
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