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Underwriting Analyst

Company: CapitalSource
Location: San Rafael
Posted on: June 6, 2021

Job Description:


The primary purpose of this position is to support the Multifamily Underwriter in their evaluation of the credit worthiness of loan requests covering both existing customers and new credit relationships. More specifically, performing financial analysis and commercial real estate cash flow calculations as well as supporting the determination on the viability of each request. The position holder supports the Underwriter, via analysis and data entry, in the timely completion of the Credit Request for eventual approval from Credit Management. The position reports to a senior level Multifamily Underwriter.


  • Review and evaluate loan application packages for completeness.
  • Ensure accuracy of items in credit file. Verify dates of information in file are current and request updated or missing information when needed.
  • Support the analyzation of borrower and key principal related tax returns and financial statements, with a focus on the underlying real estate cash flow calculations.
  • Support the preparation and completion of the Credit Request for submission to Credit Management, which will recommend the approval, declination and/or restructuring of a specific loan request.
  • Assist in the preparation and completion of Commitment Letters (as needed) to ensure that the approval conditions imposed by Credit Management are clear to all parties.
  • Assist in the reviewing and analyzation of various third party documents and reports, including but not limited to, property financial statements, rent rolls, appraisals, environmental and engineering data, personal credit, title, escrow, borrowing entity structures, etc.
  • At Underwriter's direction, partner with loan administrators to identify title, insurance, zoning, entity, or other issues that require analysis and resolution by the bank prior to approval, documentation, and funding of a loan.
  • At Underwriter's direction, work with production team to acquire sufficient information to make credit recommendations and to address credit concerns.
  • Occasional, limited travel for initial property inspections, including photographing projects. .
  • Perform other duties as assigned.



  • Minimum of 1 year of banking experience
  • High School Diploma or GED required
  • Computer literate and proficient in using Word, Excel, Outlook, etc.
  • Well-developed communication and interpersonal skills.
  • Ability to work in a fast paced, collaborative environment utilizing strong critical thinking skills.
  • Demonstrate solid organizational and time management skills.
  • Ability to take initiative, work on multiple transactions simultaneously and meet completion time tables while maintaining targeted loan quality.


  • Lending experience in a Multifamily or Commercial Real Estate Lending environment a plus.
  • Bachelor's Degree in Accounting, Finance, Business or related area preferred

Keywords: CapitalSource, San Rafael , Underwriting Analyst, Other , San Rafael, California

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