Director, Underwriting

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Purpose And

Job Summary

Reporting to a Deputy Chief Underwriter, the Director is responsible for reviewing, inspecting, and underwriting multifamily agency loan applications, primarily for Freddie Mac and Fannie Mae conventional loan programs. The Associate Director will make informed recommendations to the Chief Credit Officer as well as provide guidance and assistance on agency loan assumptions, as needed.

• Prepares loan analyses and narratives consistent with Fannie Mae and Freddie Mac requirements.
• Demonstrates ability to prepare and deliver Freddie Mac CME submissions.
• Summarizes historical property operations.
• Performs credit and financial analysis of key sponsors.
• Reviews and approves third party reports including property appraisals, physical needs assessments, environmental reports, and zoning reports.
• Considerable travel involved to perform property inspections and market evaluations.
• When requested by the DCU, review loan screening packages from producers to ensure transaction terms are consistent with OREC, Fannie Mae and Freddie Mac requirements.
• Keeps up with industry trends and products offered by competitors
• Performs other duties and projects as assigned.
• Mentors junior underwriters and underwriting analysts
• Expected to underwrite more complex and nuanced transactions
• Work professionally and harmoniously with team and coworkers, including delegating, as appropriate, aforementioned tasks to Underwriting Analysts
• Travel Requirements – 50%
• Other projects and duties as assigned

Purpose And

Job Summary

Reporting to a Deputy Chief Underwriter, the Director is responsible for reviewing, inspecting, and underwriting multifamily agency loan applications, primarily for Freddie Mac and Fannie Mae conventional loan programs. The Associate Director will make informed recommendations to the Chief Credit Officer as well as provide guidance and assistance on agency loan assumptions, as needed.

Essential Duties And Responsibilities

• Prepares loan analyses and narratives consistent with Fannie Mae and Freddie Mac requirements.
• Demonstrates ability to prepare and deliver Freddie Mac CME submissions.
• Summarizes historical property operations.
• Performs credit and financial analysis of key sponsors.
• Reviews and approves third party reports including property appraisals, physical needs assessments, environmental reports, and zoning reports.
• Considerable travel involved to perform property inspections and market evaluations.
• When requested by the DCU, review loan screening packages from producers to ensure transaction terms are consistent with OREC, Fannie Mae and Freddie Mac requirements.
• Keeps up with industry trends and products offered by competitors
• Performs other duties and projects as assigned.
• Mentors junior underwriters and underwriting analysts
• Expected to underwrite more complex and nuanced transactions
• Work professionally and harmoniously with team and coworkers, including delegating, as appropriate, aforementioned tasks to Underwriting Analysts
• Travel Requirements – 50%
• Other projects and duties as assigned

Education, Skills And Experience

• Bachelor’s degree in Accounting, Finance, Economics, Real Estate, or other related fields from an accredited college/university.
• Results driven achiever with exemplary planning and organizational skills, along with high degree of detail orientation.
• Resourceful team player who builds trusting relationships with clients and colleagues.
• Proficiency in Microsoft Office and list other relevant systems or software
• Excellent organizational, communication, presentation, and interpersonal skills
• Ability to plan, organize, and prioritize assignments, and to meet critical and established deadlines;
  Ability to manage multiple assignments and transactions simultaneously
• Demonstrated ability to maintain confidentiality and to use discretion in the performance of daily activities
• Ability to learn quickly and demonstrated ability to work independently and as part of a high-performance team

Required

• Minimum 10 years of experience in multifamily agency underwriting.
• Ability to read, analyze, and interpret complex legal documents and financial statements.
• Highly…