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Underwriter III

Company: New York Community Bank
Location: Hicksville
Posted on: November 22, 2021

Job Description:


Bachelor's degree required, preferably with a major in Business Finance or Accounting. Graduate degree in Finance, Accounting, or Real Estate a plus. Minimum four years solid Commercial Real Estate / Multifamily Mortgage Underwriting experience required.


Strong comprehension of financial statements. Solid understanding of financial principles and various methods for property valuations (i.e. Discounted Cash Flows, Direct Capitalizations, GRM's, Sales Comparisons). Strong familiarity with more complex real estate structures such as leaseholds, cond-ops, wraps, and larger commercial credits. Excellent analytical and assessment skills. PC literate with working knowledge of MS Office Word, Excel, Powerpoint and database management skills. Strong attention to detail. Excellent customer service skills. Ability to work well individually and within a team environment. Strong ability to multi-task and manage a high volume workload accurately and effectively.

Based in Hicksville, NY, New York Community Bank is a New York State-chartered savings bank serving customers throughout Metro New York, New Jersey, Ohio, Arizona and Florida. New York Community Bank serves customers through over 200 branches featuring a divisional structure: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio; and AmTrust Bank in Florida and Arizona. With a longstanding reputation of strength, stability and service, NYCB is proud to be committed to the communities it serves.

To learn more about the NYCB Family of Banks visit us at .

Help recruit top talent for NYCB through the employee referral program. All NYCB employees are encouraged to submit referrals. Locate top talent right in the community where you live, work and play. Amazing individuals are all around be sure to let them know how they can become a part of the NYCB family.

NYCB is an equal opportunity employer that prohibits discrimination on the basis of race, color, age, sex, national origin, ethnicity, religion, marital status, disability, military status, veteran status, domestic violence victim status, gender identity or expression, sexual orientation, genetic information and any other classification protected by applicable federal, state, or local law or ordinance.

This policy against discrimination applies to all terms and conditions of employment including, but not limited to: recruitment and selection, promotion and demotion, transfer, training and development, compensation, benefits, leaves of absence and termination. NYCB will consider reasonable accommodations for employees and applicants with disabilities, as well as accommodations that are necessary for an employee to practice their religious faith. JOB SUMMARY

Responsible for underwriting, analyzing and evaluating of the most complex multi-family and commercial real estate loan transactions. Reviews credit reports, property appraisals, income tax returns and other financial information to conduct proper due diligence on loan applicants. Responds to regulatory and internal audit inquiries to ensure proper compliance. Regular contact with internal departments and outside brokers and attorneys required.


Reviews property operating statements and prepares property valuations and cash flow analyses for various types of income producing properties utilizing bank models. Reviews publicly available information for comparison to historical property expenses (i.e. Real Estate Tax Assessments, water and sewer bills, etc.) and current property details/condition. Reviews appraisals for conformity with initial loan sizing, underwriting and consistency. Prepares and structures written loan committee presentations to ensure compliance with established policies and procedures. Analyzes the creditworthiness of potential borrowers using credit reports, financial statements, income tax returns, organizational documents, payment histories for existing loans, etc. Serves as liaison between loan officer and mortgage broker / borrower. Prepares daft loan commitments and loan commitment modifications for review by a Mortgage Lending Officer.

Keywords: New York Community Bank, Hicksville , Underwriter III, Accounting, Auditing , Hicksville, New York

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