Senior Underwriter

Description

• Conduct a critical review and analysis of the appraisal, including a review of the market analysis, property description, real estate tax analysis, zoning analysis, and the comparable properties submitted.
• Oversee generation of borrower’s checklist for the proper product type and introducing borrower to the information requirements;
• Selecting contractors and initiation of the necessary third-party reports for the underwriting process (e.g., appraisal, environmental, engineering);
• Summarize the transaction by preparing a presentation for the Loan Committee.
• Participate in the review process for the analyst.
• Train analyst on day-to-day underwriting tasks and credit review.
• Conduct a critical review and analysis of the engineering report and environmental reports plus additional reports included as part of the underwriting including, seismic studies, market studies, etc., as appropriate.
• Communicating and problem-solving daily with teammates, clients, vendors, and other stakeholders, often in combination with travel.
• Managing timecard and PTO approval for the analyst.
• Establish underwriting timeline in conjunction with the loan officer and closing coordinator.
• Management. Senior Underwriters will be responsible for directly overseeing and training an underwriting analyst.
• Conducting a due diligence review of issues relating to the property’s market, location, condition, borrower and principal’s mortgage credit issues, property management and other issues relevant to risks identified in items collected from the borrower’s checklist.
• Conduct site and market visits
• Underwriting. After receipt of an application and fee from a borrower, the Senior Underwriter is responsible for the underwriting process including the following:

Requirements

• Demonstrated business management experience as well as a demonstrated capacity to provide leadership in closing deals.
• Demonstrated ability to develop and execute solutions to complex issues and transactions.
• Extensive multifamily experience across a wide range of financial and product executions.
• 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.
• 5+ plus years of relevant experience, including a good working knowledge of market factors relevant to multifamily property, including occupancies, rent levels, expense items and experience working with appraisers and engineering/environmental firms required.
• Underwriting experience with Fannie Mae and Freddie Mac required.
• Bachelor’s degree required.
• Demonstrated commitment to innovation and change and willingness to take initiative to accomplish change.
• Ability to show ownership of your work, take on challenges and acknowledge growth opportunities, and demonstrate patience when learning new processes.
• 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.
• Excellent interpersonal and presentation skills and the ability to effectively communicate with all levels of management.
• 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.
• Courtesy, respect, and thoughtfulness in teaming with colleagues and other stakeholders.

Benefits

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

Training + Development

Interview process

Visa Sponsorship

Security clearance