Multifamily Underwriter - Fannie Mae DUS

Description

• Compile all required final documents, including but not limited to committee package, certifications, and third-party reports, for securitization
• Manage loans via the Fannie Mae DUS Gateway system to submit waivers and/or loan options
• Conduct market research to evaluate comparable properties and local market trends, utilizing CoStar and third-party appraisal reports
• Manage and maintain underwriting due diligence checklist
• Perform in-person property/site inspections and complete lease audits verifying property operations
• Prepare thorough narrative summarizing commercial loan terms, the property, the market, the sponsorship, and overall strengths and risks of the transaction
• Review and approve third party reports including, but not limited to appraisals, property condition assessments, environmental site assessments (phase 1 and 2) and zoning reports
• Coordinate and present Loan Committee packages
• Evaluate the credit risk of prospective loan and sponsor, while developing and maintaining a strong understanding of the Fannie Mae Multifamily Selling and Servicing guidelines
• Complete analysis within the prospective commercial loan financial model with rent rolls, budgets, operating statements and third-party report conclusions
• Recognize and analyze industry trends, including current economic conditions, interest rate environment, and demographic trends
• Communicate closely with loan production and capital markets teams to ensure a timely rate lock and closing

Requirements

• 3+ years of experience in commercial/multifamily loan underwriting/credit analysis
• Completion of the Mortgage Bankers Association (MBA) School of Multifamily Property Inspections course
• Exceptional Microsoft Office skills required with some advanced financial and data manipulation functions in Microsoft Excel preferred
• Regular and reliable attendance required
• Bachelor’s Degree required
• Intricate knowledge of the Fannie Mae DUS Multifamily Selling and Servicing Guide
• Exceptional written and verbal communication skills required

Benefits

• Monthly domestic travel for site visits

Training + Development

Interview process

Visa Sponsorship

Security clearance