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Newmark is in search of a Deputy Chief Underwriter for its Agency lending platform, preferably based on the east coast in New York City or McLean, Virginia. This position will report to the Senior Managing Director, Chief Underwriter.
The Deputy Chief Underwriter will join our Multifamily Affordable Agency leadership team, providing oversight and strategic direction within the Affordable Agency underwriting platform. The role will involve hands-on underwriting of deals, mentoring less experienced team members, proposing credit policies, managing loan approvals, and overseeing the underwriting process for Fannie Mae MAH and Freddie Mac TAH loan business.
The successful candidate will have underwriting knowledge across all affordable product types (Preservation, LIHTC, Tax-Exempt Bonds, Section 8, etc.) and will manage underwriting assignments and scheduling, provide credit policy and guidance on specific transactions, and review/approve underwriting narratives and files. S/he will ensure that systems are in place for appropriate risk assessment and quality control of new loan originations and adherence to all investor and company requirements.
Essential Duties and Responsibilities:
Core Competencies:
Qualifications:
SKILLS, EDUCATION AND EXPERIENCE:
Salary starting range: $200,000 annually
The expected starting range is at $200,000 plus incentives. The actual base salary will be determined on an individualized basis taking into account a wide range of factors including, but not limited to, relevant skills, experience, education, and, where applicable, licenses or certifications held. In addition to base salary and a competitive benefits package, this position may be eligible for additional types of compensation including discretionary bonuses and other short- and long-term incentives (e.g., deferred cash, equity, etc.).
WORKING CONDITIONS: Normal working conditions with the absence of disagreeable elements.
NOTE: The statements herein are intended to describe the general nature and level of work being performed by employees and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.
Newmark is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.
Full Time
$103k-145k (estimate)
06/27/2024
07/28/2024
nmrk.com
NEW YORK, NY
1,000 - 3,000
1929
Public
BARRY M GOSIN
$200M - $500M