Underwriting Analyst

The Analyst will become familiar with the Fannie/Freddie Financing programs and the required processing responsibilities outlined for each program. The Analyst must demonstrate attention to detail, an organizational and analytical orientation, and possess the initiative to work in an independent and reliable manner.

ESSENTIAL FUNCTIONS

• Offer direction to the team for guide compliance, assist with underwriting/closing timeline, and make borrower introductions
• Work with clients, underwriter and vendors to ensure that all parties have a clear understanding of their responsibilities
• Establish strong working relationships with clients and create high customer satisfaction
• Review reports completed by third party consultants as well as coordinating site inspections
• Analyze and evaluate ownership borrower structures to ensure that the application meets underwriting guidelines
• Regularly communicate loan status updates to underwriting team and originators as appropriate
• Work closely with closing team to complete any outstanding due diligence that may be required to close the loan
• Create and foster relationships with Fannie/Freddie personnel
• Analyze property rent rolls and operating statements and determine a pro-forma NOI used for Loan determination, to be reviewed and approved by UW
• Review appraisal, physical needs, architectural/cost, market study, environmental and any other relevant third party reports for accuracy and compliance with Investor requirements
• Complete various sections of the Underwriting workbook
• Complete various sections of the Underwriter’s narrative, including but not limited to the following:
  • Property Description
  • Market
  • Submarket
  • Management
  • PNA
  • Environmental
  • Appraisal
  • Waiver Form, if applicable
• Review all documentation received from client/borrower from completeness and accuracy, report any issue of concern to team Underwriter
• Look for opportunities to enhance understanding of transactions or processes, take on additional responsibilities of an Analyst position, and discuss areas where the individual can contribute additional value to the team. Additional duties will be assigned as the individual advances their knowledge level.

EDUCATION AND EXPERIENCE

• Undergraduate degree in a business related field (i.e. Finance, Accounting, Real Estate, Business)
• Familiarity with Agency multifamily loan procedures such as Fannie Mae DUS and Freddie Mac loan process, preferred.

KNOWLEDGE, SKILLS, AND ABILITIES

• Knowledge of Microsoft office (Word, Excel, Outlook, Access)
• Willingness and ability to learn new technology
• Ability to work independently, unsupervised, and as a team player
• Excellent interpersonal, communication, problem-solving and organization skills.
• Strong time management skill and ability to operate under demanding deadlines
• Excellent attention to detail with the ability to audit own work

PHYSICAL REQUIREMENTS

• Must be able to physically inspect multiple residences and common areas within an apartment complex, as well as inspect comparable properties within the market.
• Employee must be able to physically move about the apartment complex, which shall require standing and walking for extended periods of time, and climbing stairs. Inspections may also require the ability to sit, reach, and bend.

TRAVEL

• Ability to travel as needed
• Travel shall include various modes of travels (including but not limited to planes, trains and automobiles) to different time zones and may require overnight lodging.

EXPECTATIONS FOR ALL EMPLOYEES

All employees are expected to support the organization’s mission, vision, and values by exhibiting the following behaviors: excellence and competence, collaboration, innovation, respect, personalization, commitment to our community, accountability, teamwork and ownership.