Associate Underwriter

Assist the Underwriting Team with credit, market, and underwriting analysis of multi-family loans, and prepare loan committee narrative submissions and Freddie Mac submissions.

Requirements

• Input property level profit and loss statements and project rent rolls for reconciliation and analysis.
• Learn Agency program rules and industry standards to develop underwritten pro-forma projections for net cash flow for multi-family assets.
• Order and critically analyze third party appraisals, property conduction reports, and phase I environmental and seismic for Agency program compliance.
• Complete market analysis to determine trends in income, demographics, rents and occupancy levels.
• Develop understanding of Fannie Mae and Freddie Mac multi-family standards and processes.
• Assist Underwriter with preparation of loan committee narrative submissions and Freddie Mac submissions.
• Assist Underwriting Team in the preparation of all deliverables in connection with loan closings.
• Complete project site inspections to assess quality, condition, and position within a competitive set for proposed collateral.
• Additional ad hoc financial analysis as required.
• Interface with Underwriting staff, Production staff, and external parties in a professional manner.
• Other duties or special assignments as assigned.