Cre Underwriter - Affordable Housing

About Us:

Umpqua Bank is a publicly traded financial holdings company which offers banking, lending, and wealth management services to our personal, business, and commercial customers. Headquartered in Lake Oswego, Oregon with 4,000+ employees and operations across Oregon, Washington, California, Idaho, Arizona, Colorado, and Nevada. It’s an especially exciting time to join our team as, upon the completion of the merger with Columbia Bank, we grow to become a leading western regional bank with more than $50B in assets under management and an unwavering commitment to our associates, our customers, and our communities.

About the Role:

In this role, you will review, analyze, underwrite, and present with appropriate recommendations for applications on multifamily or other commercial real estate (CRE) loans secured by first mortgages on investor owned (non-owner occupied) properties. You will perform necessary property and borrower due diligence to ensure analysis of projects and proposed loans are consistent with underwriting guidelines established by Bank. Typical loan size ranges from $500,000 to $10,000,000.

• Determine physical and market condition of multifamily and commercial real estate properties with respect to third party reports, inspections, and through correspondence with CRE Field Underwriters and appraisal review department.
• Prepare credit requests for submission to credit administration, making appropriate recommendations.
• Identify exceptions to policy, guidelines, and pricing in the Credit Request presentation.
• Partner with loan processors to identify title, insurance, zoning, entity, or other issues that require analysis and resolution by the bank prior to approval, documentation, and funding of loans.
• Review and analyze various third-party documents and reports, including property financial statements, rent rolls, appraisals, environmental and engineering data, personal credit, title, escrow, and borrowing entity structures.
• Maintain working knowledge of our policies and procedures regarding the Bank Secrecy Act, Regulation CC, Regulation E, Bank Security, and other regulations that apply to your position.
• Analyze borrower financial statements and tax returns with emphasis on the cash flow of underlying investment real estate.
• May be asked to coach, mentor, or train others and teach coursework as subject matter expert.
• Demonstrate compliance with all bank regulations that apply to your position and keep up to date on regulation changes.
• Identify strengths and risks of loan requests, including recommendations for mitigating risks consistent with the bank's guidelines, and express reasons for support of the extension of credit.
• Oversee the initial risk grading of credits for approval and funding.

About You:

• Bachelor’s Degree in business, finance, accounting, or related field.
• Proficient knowledge of financial policies and procedures.
• Intermediate knowledge of standard concepts, practices, and procedures within the multifamily and commercial real estate (investor-owned income property) lending field.
• Display superior analytical abilities, supported by solid credit, lending and transaction knowledge.
• Demonstrate good organizational and time management skills. Ability to take initiative with minimal direction, to work on multiple transactions simultaneously, and to meet deadlines.
• Superior skills in database, spreadsheets.
• Possess strong analytical, negotiation, problem solving, and interpersonal skills.
• Proven ability to analyze financial conditions, financial statements, and tax returns. Experience with complex loan structures a plus.
• Possess excellent written and verbal communication skills and work well in a team environment.
• 4-7 years of multifamily and commercial real estate experience. May be a combination of processing, underwriting, originating, or brokering sales of loans for commercial real estate., required.

Our Benefits:

We offer a competitive total rewards package including base wages and comprehensive benefits. The pay range for this role is $56,230.00 - $116,292.00, and the pay rate for the selected candidate is dependent upon a variety of non-discriminatory factors including, but not limited to, job-related knowledge, skills, and experience, education, and geographic location. The role may be eligible for performance-based incentive compensation and those details will be provide