Underwriter

Description

• Anticipate and resolve issues for customers and underwriting team.
• Conduct site visits to assess the condition and quality of multifamily projects, their management, and their marketplaces.
• Maintain organized and fully documented Underwriting Files.
• Work with Asset Management, Production, Closing and others as appropriate to closely monitor the performance and help develop and regularly refine benchmarks and metrics for evaluating the performance of the portfolio.
• Demonstrate responsibility for ensuring that the Underwriting team goals and initiatives are completed in a timely manner and needed resources are available to accomplish results.
• Review third-party Appraisals, Engineering Reports, Seismic Reports, Phase I Environmental Assessments and Operations and Maintenance (O & M) Reports.
• Craft accurate and analytical Narratives for submission to Chief Underwriter with supervision from Chief and Deputy Chief Underwriters.
• Structure, underwrite, monitor, and perform due diligence for multifamily housing products and transactions.

Requirements

• Demonstrated business management experience as well as a demonstrated capacity to provide leadership in closing deals.
• Demonstrated analytical skills with the ability to evaluate data quickly, make decisions based on imperfect data, and take action in order to assist the team in moving its transactions forward.
• Demonstrated ability to develop and execute solutions to complex issues and transactions.
• Communicate and problem-solve daily with teammates, clients, vendors, and other stakeholders, often in combination with travel.
• Demonstrate understanding of Part III of the DUS Guide and Freddie Mac Guide, and periodic updates on an on-going basis in order to cultivate continuous improvement.
• Demonstrate understanding of the Freddie Mac and Fannie Mae methodology for building up Proforma income and expenses.
• 3+ years of commercial real estate experience underwriting multifamily loans.
• Attendance is generally required from 8:30 am – 5:30 pm local time, Tuesday through Thursday, with the option to work remotely on Mondays and Fridays.
• Bachelor’s degree required.
• Frequent business travel required.
• Experience independently underwriting 12+ GSE loans required.
• Extensive knowledge of the Fannie Mae DUS and Freddie Mac Program Plus programs required.
• Extensive multifamily experience across a wide range of financial and product executions.
• Ability to show ownership of your work, take on challenges and acknowledge growth opportunities, and demonstrate patience when learning new processes
• Demonstrated commitment to innovation and change and willingness to take initiative to accomplish change.
• Demonstrated knowledge of and experience in underwriting. This includes but would not be limited to a strong working knowledge of the key players in the industry, the issues and trends facing the industry, the ability to identify and underwrite the key credit, sponsor related risks, and the ability to evaluate alternative risks carefully when structuring a transaction, and a demonstrated knowledge of property operations.
• Excellent interpersonal and presentation skills and the ability to effectively communicate with all levels of management.
• Courtesy, respect, and thoughtfulness in teaming with colleagues and other stakeholders
• Demonstrate an understanding of the history and function of Fannie Mae, Fannie Mae DUS, DUS Lenders, and Freddie Mac Program Plus.

Benefits

• Pre-tax transit and commuting benefits
• Competitive dental and vision benefits
• Health Savings Account and Healthcare and Dependent Care Flexible Spending
• The opportunity to join one of Fortune Magazine’s Great Places to Work winners from 2015-2023
• A robust health and wellness program – earn cash rewards and gain access to resources that
• Up to 83% subsidized medical payroll deductions
• Paid maternity and parental leave, as well as other family paid leave programs
• Comprehensive benefit options* that have earned Walker & Dunlop the silver level of the 2022 Cigna Healthy Workforce Designation™, some of which include:
• Career development opportunities
• Company-paid life, short and long-term disability insurance
• 401(k) + match
• Empowerment and encouragement to give back – volunteer hours and donation matching

Training + Development

Interview process

Visa Sponsorship

Security clearance