Senior Underwriter

Senior Underwriter – Walker & Dunlop

Join to apply for the Senior Underwriter role at Walker & Dunlop
.

GSE Underwriting

Walker & Dunlop is one of the largest providers of capital to the commercial real estate industry, enabling real estate owners and operators to bring their visions of communities – where people live, work, shop, and play – to life. We are committed to creating meaningful social, environmental, and economic change in our communities.

A Senior Underwriter is responsible for underwriting mortgages on income‑producing property in the company’s multi‑family agency lines in order to support the achievement of the company’s loan production goals. The primary accountability is conducting a comprehensive and thorough analysis of each transaction which results in a prudent decision on whether or not to extend credit to a borrower. This is to be accomplished through the application of analytical techniques, research and pertinent underwriting guidelines through all stages of the underwriting process, including quotes, applications, underwriting, Loan Committee approval, closing and securitization or loan delivery.

In fulfilling these responsibilities, the Senior Underwriter must comply with all Company underwriting guidelines and must be cognizant of Company representations and warranties made upon loan closings.

Timely completion of all responsibilities of the Senior Underwriter is critical to the success of our business. Accordingly, Senior Underwriters are expected to work quickly and efficiently in moving loans from application to commitment and closing.

• Underwriting – After receipt of an application and fee from a borrower, the Senior Underwriter oversees the underwriting process including:
  • Establishing underwriting timeline in conjunction with the loan officer and closing coordinator.
  • Overseeing generation of borrower’s checklist for the proper product type and introducing borrower to the information requirements.
  • Selecting contractors and initiating the necessary third‑party reports for the underwriting process (e.g., appraisal, environmental, engineering).
  • Conducting a due diligence review of issues relating to the property’s market, location, condition, borrower and principal’s mortgage credit issues, property management and other issues relevant to risks identified in items collected from the borrower’s checklist.
  • Conducting a critical review and analysis of the appraisal, including a review of the market analysis, property description, real estate tax analysis, zoning analysis, and the comparable properties submitted.
  • Conducting a critical review and analysis of the engineering report and environmental reports plus additional reports included as part of the underwriting including seismic studies, market studies, etc., as appropriate.
  • Conducting site and market visits.
  • Summarizing the transaction by preparing a presentation for the Loan Committee.
• Management – Directly overseeing and training an underwriting analyst, including:
  • Managing timecard and PTO approval for the analyst.
  • Training analyst on day‑to‑day underwriting tasks and credit review.
  • Participating in the review process for the analyst.
  • Communicating and problem‑solving daily with teammates, clients, vendors, and other stakeholders, often in combination with travel.
• Performing other duties as assigned.
• Attendance is generally required from 8:30 am – 5:30 pm local time, Tuesday through Thursday, with the option to work remotely on Mondays and Fridays.

• Bachelor’s degree required.
• 5+ years of relevant experience, including a good working knowledge of market factors relevant to multifamily property, including occupancies, rent levels, expense items and experience working with appraisers and engineering/environmental firms required.
• Underwriting experience with Fannie Mae and Freddie Mac required.

• Demonstrated knowledge of and experience in underwriting, including a strong working knowledge of key industry players, issues and trends, the ability to identify and underwrite key credit and sponsor related risks,…