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Cmbs Underwriter Jobs (NOW HIRING)

SitusAMC

Associate, CRE Underwriting

New York, NY · On-site

$140K - $150K/yr

Coordinate property-level diligence and complete underwriting models for CMBS and other commercial real estate financing transactions across multifamily, industrial, hospitality, retail, and office ...

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Cmbs Underwriter information

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$32.5K

$78.9K

$139.5K

How much do cmbs underwriter jobs pay per year?

As of Sep 2, 2026, the average yearly pay for cmbs underwriter in the United States is $78,878.00, according to ZipRecruiter salary data. Most workers in this role earn between $61,000.00 and $87,000.00 per year, depending on experience, location, and employer.

What is a CMBS underwriter?

A CMBS underwriter is a financial professional who evaluates and assesses commercial mortgage-backed securities (CMBS) for risk, value, and investment potential. They analyze commercial real estate loans, property financials, borrower profiles, and market conditions to determine whether the loans should be included in a CMBS transaction. Their work helps ensure that the securities meet guidelines and provide investors with a clear understanding of potential risks and returns. CMBS underwriters play a critical role in the securitization process and the overall health of the commercial real estate finance market.

What are the key skills and qualifications needed to thrive as a CMBS underwriter?

To thrive as a CMBS Underwriter, you need a strong grasp of commercial real estate finance, credit analysis, and risk assessment, typically supported by a degree in finance, real estate, or a related field. Familiarity with financial modeling software, ARGUS, and knowledge of securitization processes and industry regulations are essential. Analytical thinking, attention to detail, and effective communication are crucial soft skills for preparing reports and collaborating with stakeholders. These skills ensure accurate loan evaluations and contribute to the successful structuring and management of commercial mortgage-backed securities.

What are some typical challenges faced by CMBS underwriters, and how can candidates prepare for them?

CMBS Underwriters often encounter challenges such as evaluating complex commercial real estate deals, managing tight deadlines, and staying updated on ever-changing market trends and regulations. Candidates can prepare by honing their financial modeling skills, staying current with industry news, and developing a strong attention to detail. Collaborating effectively with origination, legal, and risk teams is also essential, as CMBS underwriting is highly cross-functional and requires clear communication to ensure accurate loan assessments.

What is the difference between Cmbs Underwriter vs Commercial Real Estate Loan Analyst?

AspectCmbs UnderwriterCommercial Real Estate Loan Analyst
Required CredentialsTypically requires a finance, real estate, or related degree; certifications like CCIM or CFA are a plusSimilar educational background; often seeks finance or real estate degrees, with some certifications beneficial
Work EnvironmentWorks primarily in financial institutions, focusing on commercial mortgage-backed securitiesWorks in banks, lending firms, or real estate companies analyzing loan portfolios
Employer & Industry UsageUsed mainly in mortgage banking, investment firms, and real estate financeCommon in commercial banks, lending institutions, and real estate investment firms

The main difference is that Cmbs Underwriters focus on assessing and underwriting commercial mortgage-backed securities, while Commercial Real Estate Loan Analysts evaluate individual commercial real estate loans. Both roles require similar credentials and work in related environments, but their primary responsibilities and focus areas differ.

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What job categories do people searching Cmbs Underwriter jobs look for?

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Cmbs Underwriter jobs near you
Infographic showing various Cmbs Underwriter job openings in the United States as of August 2026, with employment types broken down into 95% Full Time, 2% Part Time, and 3% Contract. Highlights an 69% Physical, 11% Hybrid, and 20% Remote job distribution, with an average salary of $78,878 per year, or $37.9 per hour.

Structured Finance (CMBS) Associate Attorney

Direct Counsel

Chicago, IL • On-site

$260K - $435K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 12 days ago

Job description

Structured Finance (CMBS) Associate Attorney

Direct Counsel is seeking a Structured Finance (CMBS) Associate Attorney to join a prestigious Am Law firm in Austin, Boston, Charlotte, Chicago, Houston, Irvine (Orange County), Los Angeles, Miami, New York City, Portland, Sacramento, San Francisco, Santa Monica, Seattle, Silicon Valley (Menlo Park), or Washington, D.C.

This is an outstanding opportunity for an attorney with 3-9 years of structured finance experience to join a nationally recognized Structured Finance practice. The team advises clients on some of the industry's most sophisticated securitization transactions, with a primary focus on commercial mortgage-backed securities (CMBS) as well as a broad range of other asset-backed finance transactions.

Responsibilities

  • Represent issuers, underwriters, lenders, and other market participants in structured finance and securitization transactions.

  • Advise clients on commercial mortgage-backed securities (CMBS) transactions from structuring through closing.

  • Assist with residential mortgage, auto loan, credit card, collateralized loan obligation (CLO), repackaging, re-securitization, and other asset-backed financing transactions.

  • Draft, review, and negotiate transaction documents, offering materials, and financing agreements.

  • Conduct legal due diligence and assist with transaction structuring and execution.

  • Advise clients on evolving regulatory developments affecting the structured finance and securitization markets.

  • Collaborate with multidisciplinary legal teams on complex financing transactions.

  • Manage multiple sophisticated matters while delivering practical, business-focused legal advice.

Qualifications

  • J.D. from an ABA-accredited law school.

  • Active membership in the state bar of the office where the attorney will be located.

  • 3-9 years of experience in structured finance and/or securitization.

  • Prior CMBS experience is preferred but not required.

  • Strong drafting, analytical, negotiation, and organizational skills.

  • Excellent written, verbal, and interpersonal communication skills.

  • Outstanding academic credentials.

  • Highly motivated with the ability to work both independently and collaboratively in a fast-paced practice.

Compensation & Benefits

  • Salary: $260,000-$435,000, commensurate with experience and qualifications.

  • Comprehensive benefits package, including:

    • Medical, dental, vision, and life insurance

    • Mental health and wellness programs

    • Child, family, elder, and pet care benefits

    • Short- and long-term disability coverage

    • Industry-leading parental leave

    • Health Savings Account (HSA) and Flexible Spending Account (FSA) options

    • 401(k) retirement plan

    • Flexible Time Off (FTO) and paid holidays

    • Annual discretionary performance bonus eligibility