Back to search results

CREB Underwriter, VP

Newport Beach, California;

Job Description:

Job Description

CREB Senior Underwriter (SUW) is responsible for performing deal analysis, preparation of supporting justification, and processing approvals.  The SUW has understanding of key policies and regulations for applicability/impact to a transaction. The SUW is a senior member of the CREB market team, is aligned to LOB regions/markets, working with the CO teams in a specific market and is assigned a portfolio of clients. The SUW is typically an individual contributor who reports to a CREB Senior Credit Product Manager. However, the SUW pairs with a CO based on assigned relationships and they work as a team to jointly underwrite and close new CRE transactions as well as perform material modification to existing facilities. The SUW will also advise the CREB portfolio group with any post closing credit actions as needed.   Successful candidates will possess functional expertise and will have demonstrated strong performance with a focus on collaboration, driving operational excellence and the ability to influence leaders, peers and clients.

For CDB the SUW will be responsible for underwriting all aspects of a transaction (i.e., construction debt, non-FHA perm debt and equity) for all product types.

Functional Role Description:
New deal analysis and supporting justification
Prepare approval documents and collateral analysis
Support CO on DSM, Term Sheets, and Loan Closings
CAM preparation and collateral analysis
Data capture for new originations
Activities associated with renewal, modification and extension of existing facilities where terms are being changed (i.e. extensions beyond final maturity, commitment increases, material covenant changes), including scorecard preparation

Required Skills

• Minimum of five years of experience underwriting debt and/or equity for affordable rental housing projects financed using the federal low-income housing tax credit program
• Knowledge of the primary functions of the Community Development  Banking teams at Bank of America
• Familiarity with core financial products used by developers of affordable rental housing
• Adept at gathering and analyzing market data for affordable rental housing
• Understanding of the regulations that govern affordable housing lending and/or investing
• Evidence of experience and skill in quantitative analysis in debt and/or equity for affordable rental housing, including the use and interpretation of complex models; taxable and tax-exempt financing; GAAP and tax accounting treatment; and permanent financing, both government and private
• Knowledge of other BofA products including Investment Banking, Interest Rate Hedging, and Treasury Management, leveraging this product expertise to deliver the best possible and optimally integrated strategic solution for the client
• Experience in underwriting equity using the federal historic tax credit program a plus


1st shift (United States of America)

Hours Per Week: 


Learn more about this role

Full time


Manages People: No

Travel: Yes, 10% of the time


Talent Acquisition Contact:

Referral Bonus: