The Professionals’ Choice for Real Estate Jobs
  1. Home
  2. Find Jobs
  3. Agency Loan Screening Manager

Agency Loan Screening Manager

Salary
Competitive
Employment
Full Time
Real Estate Field
Location
DC
Country
United States

This job is no longer active.

Description


Job Title: Agency Loan Screening Manager

Reports To: Executive Managing Director, Chief Underwriter
Location: Open

 

Job purpose:

 

The role of the Agency Loan Screening Manager is screening transactions to ensure they fit with Fannie Mae and Freddie Mac multifamily loan programs. This position will screen potential transactions in accordance with program requirements and prudent credit parameters prior to issuance of quotes and applications. The successful candidate will work closely with the Chief Underwriter, Head of Originations and customers to answer technical questions about the agencies multifamily loan programs; and will work with both Fannie Mae and Freddie Mac on financing opportunities and to finalize their quote terms. In addition, this position will assist in transitioning the transaction from origination to underwriting and provide support to underwriting staff as necessary.

Duties and responsibilities

 

  • Screen potential transactions to determine whether they are a fit for Fannie Mae / Freddie Mac loan programs.
  • Coordinate and communicate with Head of Originations on potential issues that may prevent loans from moving to the next stage.
  • Be a liaison for major correspondent relationships that help drive loan opportunities.
  • Perform initial sizing of transactions to provide quotes at prudent levels and consistent with Agency guidelines.
  • Size transactions on company approved underwriting models.
  • Assess transaction risk and provide risk mitigation strategies and deal structuring recommendations to Chief Underwriter and origination staff.
  • Have weekly/periodic meetings with Chief Underwriter and Head of Originations on market strategy and pipeline development.
  • Review Agency quote response letters for accuracy.
  • Work collaboratively with the originators to manage borrower expectations during the screening, sizing, and quoting process.
  • Assist originators with technical questions related to Fannie Mae & Freddie Mac program guidelines.
  • Develop and maintain strong relationships with origination staff and underwriting staff.

 

Qualifications

 

  • Bachelor s degree preferred; MBA a plus.
  • 5 - 7 years of experience screening and underwriting Fannie Mae & Freddie Mac loans
  • Strong grasp of Fannie Mae & Freddie Mac loan products and guidelines
  • Have a sales understanding of the programs and able to assist originators with technical discussion during the sales process
  • Excellent time management skills with the ability to prioritize multiple tasks
  • Strong analytical abilities to grasp complex transactional issues and assess risk
  • Strong problem-solving skills
  • Exceptional verbal and written communications skills
  • Accuracy-oriented with a sense of urgency and strong focus on customer service
  • Strong interpersonal and organizational skills
  • Must be proficient in MS Office suite
 
 

Experience


N/A


This job is no longer active.

Legal / Transactions Government/Education Washington Full Time DC Transaction, Underwriting, Due Diligence Agency Loan Screening Manager other