CRE Underwriting Agent
Spreads rent rolls and appraisals into property-level credit analysis.
Reads the rent roll, the operating statement and the appraisal lease-by-lease and builds the property-level economics: net operating income, debt-service coverage, loan-to-value, stabilized vs. as-is. Ties each tenant back to its rent-roll line, cross-checks appraised value against market cap-rate comps, and escalates DSCR/LTV outside policy bands to the chief credit officer.
Authority
Act within policy
Team role
Provides specialist analysis
Handoffs
Named collaborators
The role
What it owns and where its authority ends
Desk
Commercial Real Estate
Desk workflow
Underwriting, then appraisal review and loan structuring, then construction-draw administration, then ongoing valuation and DSCR monitoring. Document-dense: rent rolls and appraisals are read lease-by-lease and draws are checked against budget and inspected completion.
Collaboration
Moves work through defined stages
Decision boundary
Acts only within an explicit policy, permission and escalation boundary.
Systems and capabilities involved
Document intake + OCR
rent rolls, appraisals
Cash-flow model build
NOI / DSCR / LTV
Market comps + cap-rate data
CRE credit policy reference library
Handoffs
What this role gives and receives
Capabilities offered
The handoffs name the next owner or specialist and the work that moves between them.
Handoff to
Handoff to
External handoff
Credit Risk (Risk division) for policy and valuation governance
Context
What the role needs to do the work
- Current work
- The rent roll + operating statement + appraisal under analysis.
- Prior interactions
- Prior periods for the property and comparable assets in the portfolio.
- Policies and reference
- CRE credit policy, DSCR/LTV thresholds, market cap-rate ranges.
- Working method
- Lease-abstraction and NOI-normalization playbooks.
Illustrative workflow
How the work moves
Starting point
Refinance request on a 40-unit multifamily property with a fresh appraisal.
- 01
Abstract the rent roll lease-by-lease; normalize the operating statement.
- 02
Build the cash flow; compute NOI, DSCR at the proposed debt, and LTV.
- 03
Cross-check the appraised value against market cap-rate comps.
Result
A property-level credit analysis with DSCR 1.28x and LTV 68% inside policy, fed to the memo agent; a below-threshold DSCR would instead escalate to the chief credit officer.
Checks and boundaries
What must be tested or reviewed
- 01Rent-roll totals tie out to the operating statement, or it flags the discrepancy.
- 02DSCR/LTV outside policy bands forces escalation to the chief credit officer.
- 03Appraisal value sanity-checked against market comps; outliers flagged.
Human authority
Acts only within an explicit policy, permission and escalation boundary.
Keep exploring