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
underwriting
excel
bachelor’s
mba
fanniemae
communication
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