Agency Underwriter – Affordable/Conventional

Responsibilities

• Review prescreen packages for Affordable deals before they are submitted to the Freddie Mac TAH and Fannie Mae MAH team for a quote
• Prepare or review underwriting template and narratives summarizing the loan structure, transaction strengths and identified risks, and present the final package for internal and Agency approval. Ensure the underwriting package meets Agency requirements
• Analyze operating history, budget, property rent roll, and other financial information to verify the proforma and loan request aligns with Agency’s quote and guidelines
• Review Borrower structure to identify all appropriate parties to complete mortgage credit due diligence, and complete an org chart to meet Agency requirements
• Review and analyze the Key Borrower Principal's real estate schedule, financial statements, and other due diligence documents to ensure compliance with Agency requirements
• Review third-party reports to ensure compliance with Agency guidelines (appraisal, environmental, engineering, zoning, etc.)
• Monitor transaction status to manage Production and Borrower expectations and anticipate, avoid, or solve any potential transaction-related problems
• Cook up with the internal insurance team and Agency to obtain insurance approval, including waiver approval, if necessary
• Cook up with the Production and Borrower or legal to discuss transaction details, issues, and borrower structure.
• Coordinate the closing of the transaction between Production, attorneys, and the title company on Freddie Mac transactions
• Participate in calls with Production and Borrower and/or legal to discuss transaction details, issues, and borrower structure.
• Conduct site visits with the Borrower, Production, and consultants, as needed.
• Draft Application and Commitment Letters, Rate Lock Agreements/Trade Authorizations
• Aid in final loan package delivery or pre-purchase matters.
• Keep apprised of shifts in the commercial real estate world, including Agency credit parameters and requirements.

Requirements

• 3-5 years of Agency Underwriting experience, including Fannie MAH and Freddie TAH transactions
• Knowledge of Agency program requirements
• Bachelor’s degree in Real Estate Finance, Accounting, Business Administration, or a related field
• Strong organizational skills with the ability to handle multiple assignments while meeting deadlines
• Client service-oriented mindset with excellent problem-solving abilities. Ability to manage/underwrite multiple transactions at once
• Demonstrated work ethic and willingness to work extended hours when necessary
• Excellent written and verbal communication skills
• High level of integrity, confidentiality, and professionalism
• Strong computer knowledge with Microsoft Office applications, in particular Word, Excel, and Adobe. Salesforce proficiency is a plus
• Ability to travel for site inspections, as required

Qualifications

• Experience with Agency Underwriting, including Fannie MAH and Freddie TAH transactions
• Knowledge of Agency program requirements
• Education in Real Estate Finance, Accounting, Business Administration, or a related field
• Organizational skills and ability to handle multiple tasks
• Problem-solving and client service orientation
• Work ethic and willingness to work extended hours
• Written and verbal communication skills
• Computer skills with Microsoft Office applications, including Word, Excel, and Adobe
• Ability to travel for site inspections

Skills

• Underwriting
• Due Diligence
• Financial Analysis
• Communication
• Project Management
• Client Service
• Technology Proficiency (Microsoft Office)
• Travel

Benefits

• Medical
• Dental
• Vision
• Paid Time Off
• 401K Match
• Annual Discretionary Contribution Based on Business Performance
• Parental Leave
• Adoption Assistance
• Education Assistance
• Volunteer Paid Time Off
• Charitable Contribution Match