Underwriter

Job Description

Our client is one of the largest U.S. multifamily lenders housed within a top U.S. commercial bank.  This allows them to draw on their specialized expertise in Agency finance – including Fannie Mae, Freddie Mac, and FHA – along with the strength of their balance sheet to build the customized financing solutions

Primary Duties and Responsibilities

• Lead the underwriting process, managing deal timelines, developing credit recommendations, and ensuring agency/bank compliance.
• Work directly with production teams to develop loan structures that will meet client’s financial objectives.
• Develop and maintain strong relationships with production and closing departments as well as external agency investors.
• Write and prepare loan proposals and underwriting/due diligence packages.
• Model multifamily cash flows, analyze property valuations and review third party reports.
• Review financial statements analytics and cash flow models.
• Conduct detailed economic and market research to determine feasibility of transactions.
• Write and prepare loan proposals and underwriting / due diligence packages.
• Prepare analytics for new loan proposals and/or development of new reports.
• Assist team members in performing market surveys and standard due diligence.
• Review third party reports from vendors such as appraisers, surveyors, and engineers and ensure compliance with all prescribed requirements.
• Review governing agreements and program requirements to ensure compliance.

Skills / Experience Requirements

• Experience in underwriting Multifamily and/or Commercial Real Estate deals.
• Exceptional analytical skills, attention to detail and accuracy
• Ability to problem-solve and efficiently prioritize tasks to manage deal timelines.
• Possesses knowledge of credit standards and agency compliance.
• Highly developed analytical skills including the ability to create complex spreadsheets, presentations and process maps.
• Proficiency in Microsoft Excel, Word, and PowerPoint.

• Outstanding writing skills including the ability to communicate articulately and concisely.
• Demonstrated track record of Fannie Mae and Freddie Mac Multifamily Affordable underwriting experience with preservation, new construction forward underwriting, and substantial rehab.
• Candidate should have knowledge and experience in Taxable and Tax-Exempt financing structures including projects with Section 8, LIHTC, regulatory agreements, tax abatements, and subordinate debt structures
• Ability to multitask while maintaining organization.
• High integrity, entrepreneurial drive, and intellectual curiosity are a must.