What are the responsibilities and job description for the Associate Underwriter position at Bellwether Enterprise?
Summary :
Assist the Underwriting Team with credit, market, and underwriting analysis of multifamily loans.
Major Responsibilities :
- Input property level profit and loss statements and project rent rolls for reconciliation and analysis.
- Learn Agency program rules and industry standards to develop underwritten pro-forma projections of net cash flow for multifamily assets.
- Order and critically analyze third party appraisals, property condition reports, phase I environmental reports, and seismic risk assessment reports for Agency program compliance.
- Complete market analysis to determine trends in income, demographics, rents and occupancy levels.
- Develop understanding of Fannie Mae and Freddie Mac multifamily standards and processes.
- Assist Underwriter with preparation of Fannie Mae loan committee packages and Freddie Mac underwriting submissions.
- Assist the Underwriting Team in the preparation of all deliverables in connection with loan closings.
- Complete project site inspections to assess quality, condition, and position within a competitive set for proposed collateral. Ability to travel is required.
- Additional ad hoc financial analysis as required.
- Interface with Underwriting staff, Production staff, and external parties in a professional manner.
- Other duties or special assignments as assigned.
Minimum Requirements :
experience, education, ksa)
We encourage you to explore the career opportunities we have available here at BWE!
