Senior Underwriter is responsible for ensuring the timely, accurate and high-quality underwriting of multifamily mortgage loan transactions in accordance with Agency and Bank guidelines.
REMOTE EST/CST - only if candidate does not live within 30 miles of the following offices: DC, NYC, Chicago, Boston, St. Paul & Carmel IN. If within radius, 3 days in office (hybrid)
Responsibilities:
Responsibilities include but are not limited to reviewing customer data, making sound credit decisions and ensuring they are documented to secondary market guidelines where applicable
Senior Underwriter will independently underwrite new loan originations for Fannie Mae/Freddie Mac. The incumbent will perform evaluation of proposed Agency loans for credit risk
Manage clients and expectations, in tandem with Production, through clear communication to preemptively address potential issues or impediments to timing
Handling 5 transactions at a time
Underwrite multifamily Agency loans originated by the company
Manage underwriting process for new loans from origination to closing
Adhere to Agency loan requirements, reviewing updates on an ongoing basis, to stay current on changes made by respective Agencies and/or the company
Perform site inspections of underwritten assets.
Manage third party vendors and comprehensively evaluate third party reports including appraisal reports, engineering reports, environmental reports, zoning reports, flood certifications, etc.
Qualifications:
Bachelor's degree in Finance, Economics, Real Estate or another related field required.
Minimum three-years of multifamily loan underwriting experience with Fannie Mae and Freddie Mac loan products, preferably affordable housing products.
Multifamily
Affordable Housing
Due diligence
Valuations
Underwriting
Financial Analysis
Monitoring
Freddie Mac
Fannie Mae
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Finance and Analyst
Industries
Banking and Financial Services
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