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Underwriter

Reference
63049409
Salary
Competitive
Employment
Full Time
Real Estate Field
  • Appraisal / Valuation
Location
Boston
Region
MA
Postal Code
02102
Country
United States

This job is no longer active.

Description


Responsible for assisting the Chief Underwriter and Senior Underwriter in evaluating loan requests, assessing key areas of risks and conformance with CMC and Fannie Mae credit standards and program requirements. Reviews and prepares field underwriting submissions for loan committee and investor submission.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Responsible for credit and real estate analysis, processing incoming exhibits and preparing final delivery of investor packages. Preparation of Borrower credit analysis including determination of net worth, liquidity, overall financial strength and acceptability of proposed borrower structure.

Reviews, amends and/or prepares Underwriters narrative and underwriting packages on new loan requests.

Reviews underwriting due diligence information and integrates real estate information from market research reports and other third party sources.

Interfaces and collaborates with department support staff i.e. production analysts.

Reviews and submits post-closing underwriting loan delivery packages to Fannie Mae.

Other duties as assigned.

SUPERVISORY RESPONSIBILITIES

No formal supervisory responsibilities in this position. Provides informal assistance such as technical guidance, and/or training to coworkers. May lead project teams and/or plan, and supervise assignments of lower level employees.

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 EXPERIENCE

Bachelor's degree from a four-year college or university required. Minimum two years experience in analysis of commercial real estate properties, including duties such as inspecting property, reviewing financial statements, and underwriting loan transactions. Appraisal experience is desirable for property valuation and market analysis.

COMMUNICATION SKILLS

Excellent written and verbal communication skills. Strong organizational and analytical skills. Ability to provide efficient, timely, reliable and courteous service to customers. Ability to effectively present information.

Requires knowledge of financial terms and principles. Ability to calculate intermediate figures such as percentages, discounts, and/or commissions. Conducts basic financial analysis.

Ability to comprehend, analyze, and interpret documents. Ability to solve problems involving several options in situations. Requires intermediate analytical and quantitative skills.

Proficient in common Adobe and Microsoft applications including: Word, PowerPoint and Excel.

Will be required to travel as needed.

Decisions made with understanding of procedures and company policies to achieve set results and deadlines. Responsible for setting own project deadlines. Errors in judgment may cause short-term impact to co-workers and supervisor.

SCOPE OF RESPONSIBILITY

Equal Opportunity and Affirmative Action Employer
Women/Minorities/Persons with Disabilities/US Veterans

JOB REQUIREMENTS:
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Job Function


  • Underwriting
 

Job Sector


  • Industrial
 

Experience


2+ to 5 years


This job is no longer active.

 
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