Senior Agency Underwriter - Grandbridge Real Estate Capital

Regular full-time position. Fluency in English required. 1st shift.

About the Role

Provide high-level multifamily commercial real estate mortgage loan and borrower credit analysis, including loan sizing, structuring, underwriting, and recommendations to the Credit Risk Management team. Supervise all underwriting and due diligence, making well-supported recommendations to credit authorities regarding final deal terms and structure. The Senior Agency Underwriter will be highly proficient with Fannie Mae and Freddie Mac (“Agencies”) Guide and Underwriting requirements, develop expertise in specialized executions such as Affordable Lending, and manage a multidisciplinary team to meet deadlines in a high-production environment.

Responsibilities

• Lead underwriting teammates in collecting and analyzing data from property owners, borrowers, lenders, and third-party sources to prepare mortgage loan submissions compliant with Agency standards for Agency and Truist Credit approvals.
• Analyze documents including leases, sales contracts, income and expense statements, surveys, borrower financial statements, articles of incorporation, partnership agreements, deeds, easements, environmental reports, property condition reports, appraisals, title policies, deeds of trust, notes, mortgage loan commitments, lender checklists, lender loan program requirements, real estate market reports, comparable sales, capitalization rate and vacancy rate surveys, and specialized documents such as tax abatements, HAP contracts, and affordable due diligence documentation.
• Manage the due diligence process, including maintenance of deal files, organizing and tracking due diligence items, creating and updating checklists, and coordinating with Closing to facilitate funding and delivery.
• Coordinate property inspections, rendering judgments on the physical and economic conditions of the property, its immediate area, neighborhood, city, and comparable properties. Document findings with presentations including maps and aerials.
• Manage, review, and interpret all third-party reports, including property appraisals, physical needs assessments, and environmental reports, confirming adherence to agency requirements.
• Analyze the borrower’s legal structure and financial statements in light of property and market circumstances, Agency, and Truist requirements. Perform thorough credit and financial analysis of Borrower Entities, Key Principals, and Principals, ensuring applicable Know Your Customer standards are met.
• Ensure credit risk issues are appropriately mitigated and significant concerns are discussed with the Deputy Chief Underwriter or Chief Underwriter.
• Ensure all information in the underwriter’s narrative is accurate, material factors (strengths, weaknesses, and mitigants) are adequately considered, and all credit decisions are properly supported. Considerations include stability of NOI, loan structure, property condition, rental market, project history, creditworthiness, relevant experience of the borrower, key principals, principals, sponsors, and refinancing expectations at loan maturity.
• Understand specific Agency Guide requirements, review, and stay updated on Agency Guide and pricing changes.
• Train underwriting teammates, address deficiencies, and foster talent and career development.
• Prepare loan submission packages compliant with Agency Guide and internal requirements.
• Support the Deputy Chief and Chief Underwriters with a high degree of autonomy in completing all underwriting aspects of the final loan delivery package.

Requirements

• Bachelor’s degree in a related field or equivalent education.
• 3-5 years’ experience underwriting agency loans.
• Proficient with Microsoft products such as Excel, Word, PowerPoint, and related applications.
• Ability to direct and train junior agency underwriters.
• High attention to detail, organization, and ability to meet deadlines.
• Ability to handle multiple assignments simultaneously.
• Excellent written and verbal communication skills.
• Ability to take initiative with minimal direction.
• Ability to travel occasionally, including overnight stays.

Preferred Qualifications

• Experience in multifamily lending with demonstrated knowledge and experience in specialized programs such as Fannie Mae DUS and Freddie Mac Optigo.
• Strong technical skills in underwriting, structuring, pricing, and closing complex multifamily deals.

Benefits

All regular teammates (working 20+ hours per week) are eligible for benefits, including:

• Medical, dental, and vision insurance.
• Life insurance, disability, and accidental death and dismemberment coverage.
• Tax-preferred savings accounts and a 401k plan.
• No less than 10 days of vacation (prorated based on hire date and full-time/part-time status) during the first year, 10 sick days, and paid holidays.
• Eligibility for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan, depending on position and division.