Multifamily Underwriter

Are you an experienced underwriter with a passion for multifamily real estate? Do you thrive in a fast-paced, dynamic environment? If so, Citigroup has an exciting opportunity for you! We are seeking a talented Multifamily Underwriter to join our team and help us make sound credit decisions on multifamily loans. As a key member of our underwriting team, you will play a crucial role in mitigating risk and ensuring the success of our multifamily lending business. If you have a strong understanding of underwriting principles and a proven track record in the multifamily industry, we want to hear from you! Join us at Citigroup and take your career to the next level.

1. Evaluate multifamily loan applications and make sound credit decisions based on established underwriting guidelines and risk parameters.
2. Conduct thorough financial analysis and due diligence to assess the creditworthiness of potential borrowers.
3. Review property financials, market data, and other relevant information to determine the feasibility and profitability of multifamily loans.
4. Work closely with loan officers, relationship managers, and other team members to gather necessary information and ensure timely and accurate underwriting.
5. Communicate effectively with internal and external stakeholders to provide updates on loan status and address any concerns or questions.
6. Collaborate with risk management and compliance teams to ensure all underwriting processes and decisions comply with regulatory requirements and internal policies.
7. Identify and mitigate potential risks associated with multifamily loans, including credit, market, and operational risks.
8. Stay updated on industry trends and changes in underwriting guidelines and make recommendations for process improvements.
9. Maintain accurate and organized underwriting documentation and ensure all loan files are complete and up-to-date.
10. Mentor and train junior underwriting staff as needed.
11. Represent Citigroup in a professional and positive manner, both internally and externally.

According to JobzMall, the average salary range for a Multifamily Underwriter in Boston, MA, USA is $90,000 - $120,000 per year. This can vary depending on the specific company, level of experience, and any additional qualifications or skills the individual may have.

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.