Director, Sr UW

About the role

Newmark is seeking an Underwriter with 3-5+ years of commercial underwriting experience to provide day-to-day financial, market, and underwriting analysis of multifamily loans. This position offers the opportunity to be thoroughly educated about the underwriting of multifamily mortgages, engage extensively with clients, and train under premier programs (Fannie Mae and Freddie Mac). You will work closely with our Senior Credit team and Originators on structuring and underwriting transactions.

Prior DUS underwriting experience with extensive familiarity of Fannie Mae and Freddie Mac Multifamily Guides is required.

Responsibilities

• Analyze, interpret, and underwrite complex multifamily real estate transactions in compliance with respective agency guidelines (Fannie Mae and Freddie Mac).
• Conduct detailed economic and demographic research to determine feasibility of transactions.
• Prepare and present comprehensive loan approval package to credit committee.
• Develop and maintain strong relationships with origination and closing departments and external agency investors.
• Conduct comprehensive inspections of physical real-estate assets on an as-needed basis.

Core Competencies

• Highly developed analytical, research, and written/oral presentation skills.
• Ability to problem-solve and exercise independent judgment while displaying a high degree of initiative and accuracy.
• Demonstrated ability to organize and prioritize projects, complete multiple tasks on schedule.
• Ability to work productively under minimal supervision.
• Proficiency in Microsoft Office, especially Excel and Word.
• Strong work ethic.
• Proactive team player, able to work effectively under sometimes stressful conditions.

Requirements

• Bachelor’s degree in Accounting, Finance, Economics, Real Estate, or other related fields.
• 3-5+ years of commercial underwriting experience.
• Prior DUS underwriting experience with extensive familiarity of Fannie Mae and Freddie Mac Multifamily Guides.
• Able to travel a minimum of 10-20%.

Working Conditions

Normal working conditions with the absence of disagreeable elements.