Associate Underwriter - CMBS and Bridge Loans - Situs

February 14, 2018

Situs

Dallas, Texas
http://www.situs.com

We are seeking a full time underwriter to provide immediate support to our client, a direct lender specializing in CMBS and Bridge loans (the Company).  Loans are typically sized from $500,000 to $10M.  

 
In this role you will be responsible for taking a deal end to end, which may include some or all of the following:
 
  • Evaluate business cash flow and its acceptability as a primary source of repayment for certain loan programs. 
  • Evaluate real estate collateral securing the loan and its acceptability as a primary source of repayment for certain loan programs (Multifamily, Commercial and Investor Bridge).
  • Perform review and credit analysis of financial information presented by potential borrowers.
  • Prepare written loan submission for Credit approval.  Goal is to structure a loan that meets the requirements of the borrower and our client.
  • Assist Credit Manager with training of Loan Analysts and Credit Officers. Assist cross department training of loan officers and sales employees.

 

Summary of Essential Job Functions:

 
  • Promote a favorable image of the Company to potential and existing clients.
  • Contribute to efficient loan processing and closing by maintaining a thorough understanding of the Company’s guidelines and procedures, compliance requirements, and federal and state laws and regulations.
  • Perform in-depth review and complex credit analysis.
  • Promptly report to the Credit Manager or Senior Management any adverse events or information that would have a material effect on the lending operation or any event or situation that could be a conflict of interest.
  • Contribute to loan decision by providing independent analysis, making process and maintenance of portfolio credit quality by providing in-depth credit analysis of loan applications. 
  • Prepare a Credit Approval Memo to recommend a loan request that presents the following information.
    • Loan is of required quality and no violation of guidelines or regulatory requirements exist.  If an exception to guidelines exists, it is fully disclosed and justified.
    • Borrower has been interviewed and creditworthiness has been thoroughly investigated.
    • Adequate financial statements and other pertinent information have been reviewed and analyzed, along with current economic conditions that affect the transaction.
    • Loan is properly priced based upon the Pricing Matrix.
    • Loan will be properly documented in full compliance with the approved credit request.
    • Value and existence of collateral is verified.
    • Correct risk rating is assigned to the credit.
    • Assist Credit Manager with training of Loan Analysts and Credit Officers.
 

Primary Success Measurements:

  • Quality of analysis as measured by first payment defaults and defaults within 24 months.
  • Number of loan applications analyzed per month.
  • Velocity of completed tasks as measured by service delivery times and deadlines.
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Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.  The requirements listed below are representative of the knowledge, skill, and/or ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

 

Education and/or Experience:  

  • Bachelor degree in Finance, Real Estate, Accounting, or Business Administration and 3 to 5 years experience in Commercial Real Estate/mortgage lending.
  • Professional level experience utilizing technical expertise and/or a solid knowledge base and skills set to process significantly important work with minimal experience;
  • Management experience and/or training; or equivalent combination of education and experience. 
  • A track record of effectively leading, developing credit strategies. 
  • Post-graduate degree a plus.

 

Language Skills:  

  • Ability to read, analyze, and interpret common scientific and technical journals, financial reports, and legal documents.
  • Ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community.
  • Ability to write speeches and articles for publication that conform to prescribed style and format. 
  • Ability to effectively present information to top management.
  • Strong written and verbal communication skills; a persuasive and passionate communicator with excellent interpersonal and multidisciplinary project skills.
  • Excellent verbal and written communication skills.
  • Diplomacy in dealing with associates.
  • Ability to give and take direction.

 

Mathematical Skills:

  • Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. 
  • Ability to apply concepts of basic algebra and geometry. Sound financial analysis skills.

 

Reasoning Ability:    

  • Able to apply principles of logical or scientific thinking to a wide range of intellectual and practical problems. 
  • Ability to deal with nonverbal symbolism (formulas, scientific equations, graphs, musical notes, etc.,) in its most difficult phases. 
  • Ability to deal with a variety of abstract and concrete variables.

 

Computer Skills: 

  • To perform this job successfully, an individual should have knowledge of Internet software and Microsoft Office software including Excel, Word, Outlook, and PowerPoint.           

 

 

 

This Employer Participates in E- Verify.

 EOE/M/F/D/V