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

• Mortgage Banking/Originations:
  • Participate in client meetings and calls with the origination team
  • Review preliminary loan information and size transactions with the product originations team
  • Add quotes to the internal CRM tracking system
  • Prepare borrower-engaged deals for handoff to the Underwriting Team
  • Assist in crafting project narratives and presenting potential new projects to HUD field offices
  • Assist Berkadia Mortgage Bankers in targeting potential new clients/projects
  • Learn and analyze various deal structures for Affordable Housing, Market Rate, Senior’s Housing, Low Income Housing and Historic Tax Credit Housing
• Underwriting:
  • Support underwriters (including Deputy Chief Underwriters and Chief Underwriters) in executing business
  • Analyze real estate transactions: collect and review loan due diligence materials, generate underwriting pro forma cash flows, identify and evaluate risks and mitigants, and prepare formal presentations for loan committee
  • Assist in all aspects of deal processing from application through underwriting and closing to delivery of the loan to servicing and/or investor
  • Coordinate and monitor loan underwriting tasks performed by offshore resources and external third parties to ensure timely and accurate delivery
  • Liaise with lender attorney to resolve legal complications
• Closing:
  • Support Closers (including Team Leads and VP, FHA Closing) in all aspects of deal closing
  • Monitor and track closing documentation requirements (tax, repair, insurance)
  • Record loan and closing information in the Company’s loan system of record
  • Prepare the closing file for delivery to the New Loan Boarding team and the Investor or document custodian
• Construction Management:
  • Evaluate closed construction loans, assist with bringing loans to final endorsement, and monitor the team’s portfolio
  • Loan On-Boarding: Attend Pre-Construction Call, assist with loan setup, loan document review and welcome package
  • Construction Administration: Process construction draws, change orders, Permission to Occupy forms and additional borrower requests
  • Final Endorsement: Review cost certification audits, attend final endorsement meetings with legal counsel and develop understanding of conversion to perm process
  • Portfolio Monitoring: Assist with key monthly reporting, metrics and meetings

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