4 GSE Senior Affordable Underwriter (Multifamily) - Remote | WFH Jobs in Washington, DC
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GSE Senior Affordable Underwriter (Multifamily) - Remote | WFH
$72k-93k (estimate)
Full Time
2 Days Ago
Get It Recruit - Real Estate is Hiring a Remote GSE Senior Affordable Underwriter (Multifamily) - Remote | WFH
Company DescriptionMerchants Capital, a leading financing provider for multifamily housing nationwide, is seeking a Senior GSE Affordable Underwriter to join our dynamic team. With over 30 years of success and a commitment to putting people first, we offer custom financing solutions through partnerships with Fannie Mae, Freddie Mac, HUD/FHA, and our bank's balance sheet products.
Job Responsibilities
Employment Type: Full-Time
Job Responsibilities
- Independently underwrite multifamily mortgage loan transactions for Fannie Mae and Freddie Mac, ensuring compliance with Agency and Bank guidelines.
- Review customer data, make sound credit decisions, and document transactions according to secondary market guidelines.
- Manage client relationships in collaboration with Production, proactively addressing potential issues to ensure timely execution.
- Evaluate proposed Agency loans for credit risk and obtain necessary approvals from Merchants' credit committee and respective Agencies.
- Underwrite multifamily Agency loans, managing the process from origination to closing.
- Stay current with Agency loan requirements and updates, ensuring compliance.
- Conduct site inspections and evaluate third-party reports (e.g., appraisals, engineering, environmental) and vendor performance.
- Coordinate effectively with internal teams, external stakeholders, and borrowers to facilitate successful transactions.
- Analyze financial statements, credit reports, and other documentation to assess credit risks and provide solutions.
- Prepare comprehensive loan packages for evaluation and approval by Merchants Credit Committee and Agency Lenders.
- Bachelor's degree in Finance, Economics, Real Estate, or related field.
- Minimum three years of multifamily loan underwriting experience with Fannie Mae and Freddie Mac, preferably in affordable products.
- Strong understanding of Agency lending guidelines and pricing standards to minimize credit risk.
- Familiarity with various organizational structures (LLCs, LPs, Corporations, Trusts) is preferred.
- Excellent analytical, research, and presentation skills with the ability to work independently and collaboratively under tight deadlines.
- Proactive team player with a commitment to excellence and mentoring junior staff.
Employment Type: Full-Time
Job Summary
JOB TYPE
Full Time
SALARY
$72k-93k (estimate)
POST DATE
07/04/2024
EXPIRATION DATE
08/01/2024
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