Description
VP, GSE Small Loans (Fannie Small Loan & Freddie Mac SBL)
About us
Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia is among the largest, highest rated and most respected primary, master and special servicers in the industry.
Our people are our greatest strength and make Berkadia a great place to work, creating an environment of trust, mutual respect, innovation and collaboration. We invest in our people through our commitment to training, product development and enhancements in technology making Berkadia a truly innovative and supportive organization.
The Opportunity
The Vice President, GSE Lending will coordinate and manage the origination and underwriting process for Fannie Mae Small Loans and Freddie Mac Small Balance Loans ($750k - $7.5MM in select markets). This Small Loan Expert will lead a tech-enabled loan origination process from beginning to end. Specific responsibilities will include, but are not limited to:
Provide initial review of deal opportunities and recommend best course of action and product execution
Work closely with agency contacts to obtain the necessary waivers and approvals (if necessary)
Analyze and review borrower credit information and structure, third party reports, property financial and physical information to determine deal viability
Perform site inspection due diligence to evaluate market competitiveness of the proposed collateral and to determine economic feasibility of the projected income stream
Prepare underwriting narratives and independent cash flow value estimates
Present recommendations to the appropriate approval committee, including all key documentation (term sheets, applications, commitments, credit memos, etc.)
Manage and train a dedicated team of analysts
Communicate consistently with Berkadia s Mortgage Banking production network and manage borrower clients through the approval and closing process
Manage the closing process and deliver the necessary documents and loan information to Berkadia s servicing team and agencies
Act as a Berkadia subject matter expert and product specialist on small multifamily agency (GSE) loans
Educate Berkadia s Mortgage Banking production network on agency requirements and available loan products for small loans
Work collaboratively with the Mortgage Banking production network to market the various loan products to their borrower clients
Conduct and participate in customer meetings and conference calls
What the Expert will need to be successful in this role:
Proficient in financial analysis and risk mitigation
Advanced experience in Microsoft Office including Outlook, Word, PowerPoint, and Excel
Strong organizational skills and ability to multitask in a fast-paced environment with competing priorities
Outstanding attention to detail
Strong communication skills and ability to manage expectations of both internal and external customers
Willingness to work in a dynamic environment and adapt to continually evolving technology
What is required for this role:
Bachelor s degree
Minimum of 3 (three) years of progressive commercial real estate experience in underwriting and/or originations
Experience in Fannie Mae or Freddie Mac SBL Underwriting
Berkadia Commercial Mortgage is an equal opportunity employer and affords equal opportunity to all applicants and employees for all positions without regard to race, color, religion, gender, national origin, age, disability, veteran status or any other status protected under local, state or federal laws.
This job is no longer active.