Berkeley Point is the preeminent source of capital solutions for multifamily owners and operators. Our firm boasts a 30 year history and a servicing portfolio of $58 billion representing in excess of 3,200 loans in 48 states*. A top five Fannie Mae and Freddie Mac Lender in 2016, Berkeley Point offers a full complement of GSE, FHA, Life Company and Conduit products paired with extensive multifamily, affordable, student, seniors housing and healthcare expertise.
Our firm prides itself on a team-based engagement model, which allows for the delivery of customized capital solutions unique to each borrower’s particular situation. As a result, Berkeley Point has earned a reputation for extraordinary service and top-notch guidance, allowing us to offer our clients speed, creativity, ease of interface and certainty of execution from beginning to end.
We are seeking an Underwriting Analyst with 1-3 years of commercial underwriting experience with large loans ($10M average loan size) -- GSE multifamily experience as well as DUS experience is preferred. The Underwriting Analyst's primary responsibilities will be to provide day-to-day financial, market, and underwriting analysis of multifamily loans. This is an excellent opportunity to be thoroughly educated about the underwriting of multifamily mortgages, to have extensive contact with our clients, and to train under the premier programs (Fannie Mae and Freddie Mac). This position affords the opportunity to work closely with our Senior Credit team and Originators on the structuring and underwriting of transactions. The ideal candidate will be located in Santa Monica, CA or Irvine, CA.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Analyze, interpret and underwrite complex multifamily real estate transactions in compliance with respective agency guidelines (Fannie Mae/Freddie Mac)
Conduct detailed economic and demographic research to determine feasibility of transactions
Prepare and present comprehensive loan approval package to credit committee
Develop and maintain strong relationships with origination and closing departments and external agency investors
Conduct comprehensive inspections of physical real-estate assets on an as-needed basis
Ability to problem-solve and exercise independent judgment while displaying a high degree of initiative and accuracy
Demonstrated ability to organize & prioritize projects; complete multiple tasks on schedule
Ability to work productively under minimal supervision
Proficiency in Microsoft Office, especially in EXCEL and Word
Strong work ethic
Proactive team player, able to work effectively under sometimes stressful conditions
Bachelor’s degree in Accounting, Finance, Economics, Real Estate, or other related fields
Ability to travel a minimum of 10-20%
1-3 years of direct Fannie Mae/Freddie Mac underwriting experience with large loans ($10M average loan size)