Real Estate Analyst

About the role

Berkadia’s Rotational Analyst Program takes a dynamic approach to analyst onboarding and development across two of Berkadia’s three most critical platforms – mortgage banking, investment sales and underwriting. Over 12 months, you’ll partner with seasoned professionals, senior leadership and reliable mentors as you prepare to make an impact on the CRE industry.

Responsibilities

During the 12-month rotational program, you will have rotations in Mortgage Banking/Originations, Underwriting, Closing and Construction Management.

• Mortgage Banking/Originations
  • Reviewing and evaluating new loan opportunities and serving as a key point of contact for tracking progress through the loan cycle.
  • Participating in client meetings and calls with the origination team.
  • Reviewing preliminary loan information and sizing transactions with the product originations team.
  • Adding quotes to the internal CRM system.
  • Preparing borrower-engaged deals for handoff to the Underwriting Team.
  • Crafting project narratives and presenting potential new projects to HUD field offices.
  • Assisting Berkadia Mortgage Bankers in targeting potential new clients/projects.
  • Learning and analyzing various deal structures for Affordable Housing, Market Rate, Senior’s Housing, Low Income Housing and Historic Tax Credit Housing.
• Underwriting
  • Evaluating engaged loans and preparing HUD-required exhibits.
  • Assisting in the closing and delivery of approved loans.
  • Supporting underwriters (including Deputy Chief Underwriters and Chief Underwriters) in executing business.
  • Analyzing real estate transactions, including collecting and reviewing loan due diligence materials, generating underwriting pro forma cash flows, identifying and evaluating risks and mitigants, and preparing formal presentations for loan committee.
  • Assisting in all aspects of deal processing from application through underwriting and closing to delivery of the loan to servicing and/or investor.
  • Coordinating and monitoring loan underwriting tasks performed by offshore resources and external third parties.
  • Liaising with lender attorney to ensure legal complications are resolved.
• Closing
  • Evaluating loans for which a HUD commitment has been received and assisting in the closing and delivery of approved loans.
  • Supporting Closers (including Team Leads and VP, FHA Closing) in all aspects of deal closing.
  • Monitoring and tracking appropriate closing documentation requirements (tax, repair, insurance).
  • Recording loan and closing information in the Company’s loan system of record.
  • Preparing the closing file for delivery to the New Loan Boarding team and the Investor or document custodian.
• Construction Management
  • Evaluating closed construction loans, assisting with bringing the loans to final endorsement, and monitoring the team’s portfolio.
  • Supporting Loan On-Boarding: attending pre-construction calls, assisting with loan setup, loan document review and welcome packages.
  • Conducting Construction Administration: processing construction draws, change orders, Permission to Occupy forms and additional borrower requests.
  • Preparing for Final Endorsement: reviewing cost certification audits, attending final endorsement meetings with legal counsel and developing understanding of conversion to permanent process.
  • Portfolio Monitoring: assisting with key monthly reporting, metrics and meetings.

Outcomes

Upon completing the 12-month rotational period, you will partner with local and program leadership to identify permanent placement into one of the HUD groups as determined by career interest, performance, and office needs.

Benefits

• Monthly paid volunteer hours and donation matching to benefit our communities.
• Employee Resource Groups that help you grow with us.
• Fertility and family planning services.
• Up to 12-weeks of fully paid parental leave.
• Mental health care, including free counseling sessions.
• Generous tuition reimbursement to fund your learning journey.
• Pet insurance discounts.