UHNW Mortgage Underwriter

Position Overview

Morgan Stanley Private Bank National Association is seeking an experienced, positive, and motivated individual to join our Home Loans underwriting team. The successful candidate will possess a combination of deal structuring and underwriting skills and experience underwriting mortgage loans for sophisticated borrowers with complex income streams.

Position Responsibilities

• Underwrite and analyze multifaceted mortgage loans for high net-worth clients within delegated credit authority and in accordance with MSPBNA credit policy, lending standards and risk appetite
• Proactively and effectively manage and maintain a pipeline of complex transactions
• Provide guidance as related to complex income scenarios to partners and junior team members
• Perform complicated income, business financial statement and tax return analysis
• Aid in identifying or recommending alternative loan solutions
• Provide onboarding and training to new team members

Qualifications

• External private bank lending experience, business relationship management or commercial/structured credit analysis experience required including providing business financing
• Minimum 10 years’ experience credit analysis and underwriting for high net-worth individuals
• Experience underwriting non-conforming loans
• Experience structuring and underwriting loans held in entities i.e. LLCs and Trusts
• Pipeline management experience required
• College degree preferred or equivalent experience, advance degree a plus

Skills/Abilities

• Ability to comprehend business financial statements and personal tax returns
• Understanding of structured credit transactions including terms, covenants, etc. and impact to the residential mortgage product
• Excellent verbal and written communication skills, including ability to articulate the borrower’s financial profile and associated risks
• Ability to recognize, mitigate and escalate risks where appropriate
• Strong knowledge of unique property vesting i.e. trusts and LLCs
• Complex self-employed income analysis is a critical requirement
• Ability to partner, collaborate with a deal team (comprising of Mortgage Consultants, Relationship Managers, loan processors, Private Banker and Financial Advisors) as well as ability to partner with Structured Credit partners
• Extraordinary client service aptitude
• Meticulous follow-up and follow through
• Ability to work under tight timelines
• Excellent attention to detail
• High level of proficiency with Microsoft excel; proficient with Microsoft Office suite