Are you looking for an opportunity to bring your unique skills and experiences to a leading commercial loan servicer?
Join Berkadia's loan servicing platform and learn from the best of the best at the largest U.S. non-bank commercial mortgage servicer in the industry. We provide the personal and professional development opportunities you need to impact the commercial real estate industry, build a career that takes the long view, and reach your full potential. Be Your Best Self. Be Berkadia.
We are committed to growing your career, so in this role you will:
The Vice President – Underwriter will be responsible for the processing various Borrower consents (aka Special Requests) on loans in Berkadia’s Servicing portfolio. Special Requests include, but are not limited to, assumptions, transfers of ownership interests, modifications, collateral substitutions, lease reviews/terminations, property management/franchise changes and partial releases of collateral. The primary responsibilities of this position will be to personally handle or oversee the underwriting of a number of more complex and high-profile transactions as well as more routine matters and manage the entire Lender consent process internally and externally in a high volume, high pressure environment. Transactions must be underwritten and processed in accordance with the loan documentation, GSE Guides, servicing agreements and internal guidelines.
Perform (or oversee contractor’s) underwriting of transactions & consents as noted above
Ensure that Lender’s and Investor’s credit standards are maintained and that risks identified are properly mitigated
Effectively and continually communicate to all concerned parties, including Berkadia Mortgage Bankers, the progress of the underwriting and approval processes
Maintain a pipeline of 20 – 30 transactions ensuring that all deals are progressing in accordance with document and Servicing Agreement requirements as well as Borrower expectations
Assist in development of team members in Hyderabad, India
Manage all escalated and/or complex issues. Elevate issues to Senior Management when appropriate
Manage relationships with external legal counsel, vendors, clients, investors and internal customers
Perform other special projects and assignments as needed
Must be proficient in Microsoft Word and Excel
Experience with McCracken Strategy also required
We are passionate about your growth, so to achieve success in this role you should have:
Knowledge of commercial real estate finance, servicing operations and commercial mortgage documentation
Highly organized individual with excellent written & oral communication skills, as well as negotiating skills
Ability to resolve complex issues
Excellent research, organizational and analytical skills. Keen sense of time management with attention to detail, solutions and results
Ability to work under pressure and adhere to strict deadlines with a high volume of work
Knowledge of Fannie Mae, Freddie Mac, Ginnie Mae, HUD and CMBS government guidelines and requirements
Training and development of team members in US and India
Five to seven years prior experience in a similar position.
We believe People Matter, so we offer benefits that go beyond:
Monthly paid volunteer hours and donation matching to benefit our communities
Employee Resource Groups that help you grow with us
Fertility and family planning services
Up to 12-weeks of fully paid parental leave
Mental health care, including free counseling sessions:
We'll help you fund your learning journey with generous tuition reimbursement
Pet insurance discounts
And more!
Be Your Best Self. Be Berkadia.
Berkadia, as an equal opportunity employer, celebrates our employees’ unique differences, which we believe drives personal and company-wide innovation and creates a people-first culture where your career can take the long view. To achieve these goals, we are committed to the full inclusion of all qualified individuals, without regard to race, religion, age, color, national origin, gender, sexual orientation, gender identity or expression, marital status, domestic partner status, military and veteran status, disability, pregnancy, parental status, genetic information, political affiliation, or any other status protected by federal, state and local laws.
In keeping with our commitment, Berkadia takes the necessary steps to provide a workplace free from harassment and discrimination, as well as access and reasonable accommodations for individuals with disabilities. If you require reasonable accommodation to take part in the interview process, please contact talentacquisition@berkadia.com.
You have rights under Federal and State employment laws. No question in this Application is intended to elicit information in violation of any such law, nor will any information obtained in response to any question be used in violation of any such law. If you apply for this role, you are acknowledging Berkadia's Application Policy and Berkadia's Privacy Policy. Please click the following links for more information about: EEOC, Employee Rights under the FMLA, EPPA.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Finance and Analyst
Industries
Leasing Non-residential Real Estate and Financial Services
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