Commercial Underwriter

GSE Underwriter – open to 3 locations (Atlanta, GA, Dallas, TX or Chicago, IL)

Job Title: Commercial Underwriter

Department: GSE Underwriting

Department Overview: GSE Underwriting is responsible for pre-screening and underwriting all Fannie Mae and Freddie Mac loans.

The Impact You Will Have: As a Commercial Underwriter, you will play a vital role as an individual contributor on an Underwriting team.

Primary Responsibilities:

• Structure, underwrite, monitor, and conduct due diligence for multifamily housing products and transactions.
• Anticipate and resolve issues for customers and the underwriting team.
• Demonstrate an in-depth understanding of Fannie Mae, Fannie Mae DUS, DUS Lenders, and Freddie Mac Program Plus.
• Apply knowledge of the Freddie Mac and Fannie Mae methodology for creating Proforma income and expenses.
• Stay updated on Part III of the DUS Guide and Freddie Mac Guide for continuous improvement.
• Conduct site visits to evaluate multifamily projects, assessing their condition, management, and marketplaces.
• Review third-party Appraisals, Engineering Reports, Seismic Reports, and other relevant documentation.
• Maintain organized and comprehensive Underwriting Files.
• Craft precise and analytical Narratives for submission to Chief Underwriter.
• Ensure timely completion of team goals and initiatives with access to necessary resources.
• Collaborate with various departments to monitor portfolio performance and develop evaluation benchmarks.
• Regular business travel will be required.
• Communication and problem-solving with teammates, clients, vendors, and stakeholders, often in tandem with travel.
• Perform other duties as assigned.
• Standard work hours are 8:30 am – 5:30 pm local time, Tuesday through Thursday, with the option to work remotely on Mondays and Fridays.

Education and Experience:

• Bachelor’s degree required.
• Minimum of 3 years of commercial real estate experience underwriting multifamily loans.
• Experience independently underwriting at least 12 GSE loans.
• Extensive knowledge of Fannie Mae DUS and Freddie Mac Program Plus programs required.

Knowledge, Skills, and Abilities:

• Proven knowledge and experience in underwriting, including a strong understanding of industry players, trends, and risks.
• Analytical skills to evaluate data effectively and make informed decisions.
• Excellent interpersonal and presentation skills to communicate with all management levels.
• Commitment to innovation and willingness to drive change.
• Ability to develop and implement solutions for complex issues.
• Broad multifamily experience across various financial and product executions.

Join our dynamic Underwriting team and contribute to the success of our multifamily housing initiatives. Experience professional growth and development opportunities in a collaborative and innovative work environment. Apply your expertise and be a key player in shaping the future of commercial underwriting.