Bank Multifamily Originations
Hi All,
I've seen some posts cover this topic over my time perusing this site as well as a few that pop up when searching, but not many as of late so I'd like to get some feedback from those who are willing to lend their insights.
I work in CRE underwriting and have been attempting to make a transition to originations for some time now. It's difficult to compare my current role to the market because we have a very niche business model, to the point where there are maybe 2 other groups nationwide that operate in a similar manner. As result I feel like I'm comparing apples to oranges and am not sure what to expect. I don't want that ignorance skew my expectations going into a meeting/negotiations.
I have a meeting scheduled with a national bank, think US Bank/BofA/Citi. Market is semi-major metro, think Phx/Denver/Philly/Dallas. This is for an Associate role working on a multifamily lending team. I'm curious what type of expectations I should have in terms of comp, hours, and exit ops down the line, in say 3-4 years
Additionally, I've seen some contrast between Bank vs Lifeco vs Brokerage vs Agency. Any comments there would be helpful - I have limited experience with the multifamily product from the underwriting chair
Any advice is greatly appreciated.
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