Associate, Underwriting

• Assist the senior staff and/or Underwriter during the loan underwriting process by requesting, collecting, and managing required due diligence documentation
• Prepare, distribute, and maintain Due Diligence Checklists and Application Workbooks, updating regularly to meet target-underwriting dates
• Collect, review, and advise underwriting team regarding receipt and status of all underwriting documentation
• Establish and maintain loan files
• Retain and organize loan documentation in appropriate electronic data storage folders
• Collect and input data into proprietary pipeline management platform
• Coordinate with the Third Party Manager and the Underwriter on the engagement and receipt of required third party reports
• Participate in regular calls with borrowers regarding due diligence status, timing updates, and coordination with various external parties
• Work with Underwriter to collect, input and analyze property data including property operating statements, rent rolls, and third party report information
• Verify and update property operating information in underwriting analysis workbook
• Review and notify Underwriter of any material issues;
  Transfer data from reports to underwriting analysis workbook and narrative
• Assist with assembling loan package, ensuring quality control, and delivering to Investors after closing
• Reconcile and approve final loan accounting

• Bachelor’s degree in Finance, Accounting, Real Estate, or Business Administration preferred
• 1-3 years of commercial real estate experience required; multifamily strongly preferred
• Experience with Fannie Mae and/or Freddie Mac Multifamily loan programs preferred
• High-level knowledge of financial statement analysis, general accounting, cash flows and mortgage interest calculations
• Knowledge of real estate finance and/or investment real estate, particularly multifamily
• Applicable knowledge of Microsoft Office suite

Demonstrates expertise in loan underwriting processes, including due diligence documentation management and financial statement analysis. Proficient in coordinating with underwriting teams and external parties to ensure timely and accurate loan package assembly.

• Loan Underwriting Process
• Financial Statement Analysis
• Real Estate Finance
• Due Diligence Documentation Management
• Microsoft Office Suite

• Financial Statement Analysis
• Mortgage Interest Calculations
• Data Input and Analysis
• Loan Package Assembly
• Quality Control

• Communication
• Coordination
• Organizational Skills

• Commercial Real Estate
• Multifamily
• Fannie Mae
• Freddie Mac
• Real Estate Investment

• Proprietary Pipeline Management Platform
• Electronic Data Storage