PGIM Real Estate-Director, Senior Underwriter

Job Classification:

Investment Management - InvestmentsA GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTUREAs the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world.

We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading global asset managers! If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today.

At PGIM, You Can!

What you will doPGIM Real Estate is seeking a Senior Underwriter for its FHA lending platform, a leading provider of FHA-insured commercial mortgages for healthcare and multifamily properties.

The candidate will manage the underwriting process and provide thorough analyses of healthcare and multifamily applications in conformance with FHA/HUD LEAN and MAP program requirements and sound underwriting standards resulting in FHA commitments and closed loans.

What you can expect

Maintain accountabilities for all aspects of FHA/HUD submissions submitted on behalf of PGIM.Manage transaction timelines and identify threshold issues that may impact application outcome.

Prepare underwriting narratives and FHA/HUD underwriting forms for submission to Loan Committee and, if approved, to FHA/HUD.Communicate effectively and proactively with Originators, other internal clients and FHA/HUD regarding transaction status and issues.

Direct the due diligence collection by junior staff and oversee the compilation of all applications submitted to FHA/HUD.Maintain responsibility for autonomous credit decisions on loans.

Provide training and mentor junior staff

Participate in the selection and engagement of third-party reports.  Critical review of reports for conformance with FHA/HUD and Prudential requirements and coordinate adjustments as necessary.

Conduct site visits, when applicable.

Expand depth of knowledge by learning specialty loan types of increasing complexity.

Communicate with applicable FHA/HUD staff regarding timing of approval, any deficiencies, etc.

Review FHA/HUD firm commitments for conditions impacting closing. Prepare appeals and negotiating resolutions with HUD and borrower team.

Coordinate the loan closing process.

Manage data integrity in proprietary loan tracking database.

Attend applicable FHA/HUD, external, or internal training as directed by management.

What you will bringFHA/HUD LEAN and MAP underwriter certification is required for this position.
5+ years recent underwriting MAP andLEAN transactions.

Experience in training and mentoring junior staff.

BS/BA degree is required.  Finance, real estate and related disciplines are preferred.

Ability to analyze and successfully implement solutions to a wide range of potential underwriting and compliance considerations, utilizing excellent interpersonal and negotiation skills.

Excellent analytical and math skills.

Candidate should be creative, flexible, proactive and team-oriented with strong customer service, communication and negotiating skills.

Strong organizational skills with the ability to manage multiple assignments and priorities.

Strong teamwork and partnering skills with the ability to effectively manage the expectations of multiple internal and external constituents.

Ability to effectively work independently and demonstrate strong partnering skills within a team environment.

Ability to travel as needed.
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