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Cre Underwriter Jobs (NOW HIRING)

Sunwest Bank

CRE Relationship Manager

Irvine, CA · On-site

$150K - $190K/yr

CRE Relationship Manager Department: Commercial Real Estate Banking Reports to: Director / SVP, CRE ... Partner with Credit and Underwriting to prepare and present loan packages and obtain approvals

Sunwest Bank

CRE Relationship Manager

Irvine, CA

$150K - $190K/yr

CRE Relationship Manager Department: Commercial Real Estate Banking Reports to: Director / SVP, CRE ... Partner with Credit and Underwriting to prepare and present loan packages and obtain approvals

Orange County's Credit Union

$55 - $73/hr

Commercial Credit Underwriter - CRE and Small Business 2 days ago Requisition ID: 2771 Salary Range: $40.16 To $53.00 Hourly Do meaningful work where relationships come first. At Orange County ...

New

Conveyance

Underwriter - CRE

Indianapolis, IN · On-site

The Underwriter III plays a key role in strengthening the quality of the institution's commercial ... in CRE and/or C&I. Essential Duties and Responsibilities: Exercise independent judgment in ...

Susser Bank

Senior Underwriter

Dallas, TX · On-site

$97K - $115K/yr

Independently underwrite new and existing C&I and CRE credits/relationships ranging from $3 million - $50+ million (term loans, revolving lines of credit, owner-occupied and investor CRE ...

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Cre Underwriter information

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$35.5K

$70.3K

$110.5K

How much do cre underwriter jobs pay per year?

As of Sep 3, 2026, the average yearly pay for cre underwriter in the United States is $70,317.00, according to ZipRecruiter salary data. Most workers in this role earn between $50,000.00 and $83,000.00 per year, depending on experience, location, and employer.

What is a CRE underwriter?

A CRE Underwriter is a professional who evaluates and analyzes commercial real estate (CRE) loan applications to determine the risk and creditworthiness of potential borrowers. They review financial statements, property appraisals, market conditions, and borrower histories to assess whether a loan should be approved and under what terms. Their analysis helps lenders make informed decisions and minimize potential losses. CRE Underwriters play a crucial role in the real estate lending process by ensuring that loans adhere to the institution’s risk guidelines.

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

To thrive as a CRE (Commercial Real Estate) Underwriter, you need strong analytical skills, in-depth knowledge of real estate finance, and a degree in finance, business, or a related field. Expertise in financial modeling software, risk assessment tools, and familiarity with industry platforms like Argus or Excel is typically required. Attention to detail, effective communication, and sound judgment are crucial soft skills for evaluating deals and collaborating with stakeholders. These skills ensure accurate risk assessment, informed decision-making, and successful investment outcomes in the competitive CRE market.

What are some common challenges faced by CRE underwriters when evaluating complex commercial real estate deals?

CRE Underwriters often encounter challenges such as accurately assessing the risk of unique or non-traditional properties, navigating incomplete or inconsistent financial documentation, and keeping up with changing market conditions. Balancing the interests of various stakeholders—like borrowers, lenders, and investors—while adhering to regulatory requirements is also a frequent challenge. Strong analytical skills, attention to detail, and effective communication with brokers, appraisers, and loan officers are essential to overcoming these obstacles and ensuring sound underwriting decisions.

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

AspectCre UnderwriterCommercial Real Estate Analyst
Required CredentialsBachelor's degree, underwriting certifications (e.g., CCIM, CRE)Bachelor's degree, finance or real estate certifications often preferred
Work EnvironmentFinancial institutions, lending companies, real estate firmsReal estate firms, investment companies, consulting agencies
Employer & Industry UsageUsed primarily in commercial lending and mortgage underwritingUsed in real estate investment analysis and market research

The main difference is that a Cre Underwriter focuses on assessing the risk of commercial real estate loans, while a Commercial Real Estate Analyst analyzes market trends and property values to support investment decisions. Both roles require similar credentials and often work within the same industry but serve different functions in the real estate and finance sectors.

What does a commercial real estate underwriter do?

A commercial real estate underwriter evaluates loan applications by analyzing property details, financial statements, market conditions, and borrower creditworthiness to determine risk and loan eligibility. They use financial models and industry standards to ensure loans align with lender policies and mitigate potential losses. Strong analytical skills and knowledge of real estate markets are essential for this role.
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Cre Underwriter jobs near you
Infographic showing various Cre 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 $70,317 per year, or $33.8 per hour.

Commercial Real Estate Senior Underwriter

US Bank

Denver, CO • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 21 days ago

Key responsibilities

  • Analyze borrower and guarantor financial statements to assess creditworthiness and risk.

  • Manage transactions from initial underwriting through final credit approval, including new loans, renewals, modifications, and extensions.

  • Monitor portfolio performance, conduct trend analyses, and ensure compliance with credit policies and standards.

U.S. Bank rating

8.1

Company rating: 8.1 out of 10

Based on 364 frontline employees who took The Breakroom Quiz

66th of 174 rated banks

Job description

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.

Job Description

The Senior Commercial Real Estate (CRE) Underwriter is responsible for underwriting and managing a portfolio of complex commercial real estate relationships, including publicly traded Real Estate Investment Trusts (REITs), Real Estate Operating Companies (REOCs), and real estate private equity funds. This role performs comprehensive financial analysis, prepares credit recommendations, monitors portfolio performance, and partners closely with Relationship Managers, Portfolio Managers, and Credit Risk Management to support sound credit decisions.

The Senior Underwriter manages transactions from initial underwriting through final credit approval, including new loan requests, renewals, modifications, extensions, annual reviews, and ongoing portfolio monitoring activities. The position requires strong analytical skills, sound credit judgment, and the ability to evaluate sophisticated borrowers operating across various commercial real estate sectors nationwide.

Key Responsibilities

Credit Underwriting & Analysis

  • Analyze borrower and guarantor financial statements to assess creditworthiness, repayment capacity, and overall credit risk.
  • Prepare comprehensive written credit analyses and recommendations for new loan requests, renewals, modifications, and extensions.
  • Complete risk rating assessments and recommend appropriate transaction structures and credit mitigants.
  • Underwrite complex commercial real estate transactions, including large balance and syndicated credit facilities.
  • Present underwriting conclusions and recommendations to business line and credit approval partners.

Portfolio Management

  • Manage an assigned portfolio of commercial real estate relationships.
  • Oversee quarterly trend analyses, annual reviews, covenant compliance testing, and portfolio monitoring activities.
  • Monitor portfolio performance and identify emerging credit trends or risk concerns.
  • Ensure timely receipt and analysis of borrower financial reporting requirements.
  • Maintain compliance with credit policies, underwriting standards, and regulatory expectations.

Financial Analysis

  • Perform detailed financial statement spreading and analysis.
  • Evaluate borrower operating performance, capital structures, liquidity, cash flow, leverage, and debt service capacity.
  • Utilize financial models to assess credit quality and support underwriting recommendations.
  • Analyze industry, market, and borrower-specific trends impacting credit performance.
  • Maintain accurate financial and covenant tracking databases.

Business Partnership

  • Partner with Relationship Managers and Portfolio Managers to support existing client relationships and business development efforts.
  • Collaborate with Credit Risk Management throughout the underwriting and approval process.
  • Participate in client meetings and internal discussions regarding transaction structure, borrower performance, and credit strategy.
  • Provide insights and recommendations regarding portfolio and industry trends.

Day-to-Day Responsibilities

  • Input and analyze borrower financial statements.
  • Prepare underwriting models and financial analyses in Excel.
  • Complete quarterly monitoring reports, trend analyses, and annual reviews.
  • Conduct covenant compliance testing and portfolio monitoring.
  • Prepare and present credit approval packages.
  • Support borrowers requesting new financing, loan renewals, modifications, and extensions.
  • Manage transactions through the full underwriting and approval lifecycle from initial analysis through final approval.

Basic Qualifications

  • Bachelor's degree, or equivalent work experience
  • Three or more years of experience in a finance/analytical related role

Preferred Qualifications

  • Experience underwriting commercial real estate transactions involving REITs, REOCs, real estate funds, or institutional real estate investors.
  • Strong knowledge of commercial credit analysis, financial statement analysis, and risk assessment methodologies.
  • Experience managing complex borrower relationships and large credit exposures.
  • Ability to independently analyze credit requests and develop underwriting recommendations.
  • Strong written communication and credit memorandum writing skills.
  • Effective verbal communication and presentation skills.
  • Ability to work independently while managing multiple priorities and deadlines.
  • Experience interacting with business line partners, portfolio managers, and credit approvers.
  • Ability to analyze large volumes of financial and portfolio data accurately and efficiently.
  • Advanced proficiency in Microsoft Excel, including financial modeling and analysis.
  • Experience utilizing nCino or similar commercial lending and credit workflow systems.
  • Strong understanding of financial spreading tools and portfolio management systems.

Location expectations

This role requires working from a U.S. Bank location three (3) or more days per week. This position is available at the Atlanta Concourse 2 or the Denver Tower locations.

If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to ourdisability accommodations for applicants.

Benefits:

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

  • Healthcare (medical, dental, vision)

  • Basic term and optional term life insurance

  • Short-term and long-term disability

  • Pregnancy disability and parental leave

  • 401(k) and employer-funded retirement plan

  • Paid vacation (from two to five weeks depending on salary grade and tenure)

  • Up to 11 paid holiday opportunities

  • Adoption assistance

  • Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about theE-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $98,175.00 - $115,500.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.

What U.S. Bank employees say

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About U.S. Bank

Sourced by ZipRecruiter

U.S. Bank is a reputable and established financial institution that plays a significant role in the banking sector. With a history spanning over 150 years, U.S. Bank has built a strong foundation of trust and reliability. As a comprehensive bank, they offer a wide array of financial products and services to cater to the diverse needs of their customers, including individuals, businesses, and communities. Customer satisfaction is of utmost importance to U.S. Bank. They prioritize delivering exceptional service and fostering long-term relationships with their clients. Through their extensive network of branches and advanced digital banking platforms, U.S. Bank ensures convenient access to their services, empowering customers to manage their finances efficiently and securely.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

Minneapolis, MN, US

Year founded

1863

Social media

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