Job Description

Commercial Underwriter

Our GSE Underwriting Department is at the forefront of pre-screening and underwriting all Fannie Mae and Freddie Mac loans. As a Commercial Underwriter, you will play a pivotal role as an integral part of our Underwriting team.

Primary Responsibilities:

• Structure and underwrite multifamily housing products and transactions, ensuring thorough due diligence.
• Anticipate and resolve issues for customers and the underwriting team.
• Demonstrate a solid understanding of Fannie Mae, Fannie Mae DUS, DUS Lenders, and Freddie Mac Program Plus.
• Apply knowledge of the Freddie Mac and Fannie Mae methodology for Proforma income and expenses.
• Stay abreast of updates in the DUS Guide and Freddie Mac Guide, fostering continuous improvement.
• Conduct site visits to evaluate multifamily projects, their management, and marketplaces.
• Review third-party Appraisals, Engineering Reports, Seismic Reports, and Environmental Assessments.
• Maintain well-documented Underwriting Files.
• Craft precise and analytical Narratives for submission to the Chief Underwriter.
• Collaborate closely with Asset Management, Production, Closing, and other departments to monitor and enhance portfolio performance.
• Business travel required.
• Effectively communicate and problem-solve with teammates, clients, vendors, and stakeholders.
• Other duties as assigned.
• Work hours typically from 8:30 am – 5:30 pm local time, Tuesday through Thursday, with the flexibility to work remotely on Mondays and Fridays.

Education and Experience:

• Bachelor's degree required.
• 3+ years of commercial real estate experience underwriting multifamily loans.
• Experience independently underwriting 12+ GSE loans.
• Profound knowledge of the Fannie Mae DUS and Freddie Mac Program Plus programs.

Knowledge, Skills, and Abilities:

• In-depth expertise in underwriting and commercial real estate.
• Strong analytical skills to evaluate data swiftly and make informed decisions.
• Excellent interpersonal and presentation skills.
• Commitment to innovation, change, and taking initiative.
• Proven problem-solving abilities in complex transactions.
• Extensive experience in multifamily financial and product executions.

Benefits:

• Competitive salary and benefits package.
• Opportunity for professional growth and career development.
• Collaborative work environment with a supportive team.
• Exposure to industry-leading practices and processes.

Founded in 1998, Professional Alternatives is an award-winning recruiting and staffing agency that utilizes technology and relationships to deliver top talent. Connect with us today!

Job Tags

Similar Jobs