Credit Analyst, Cap Mkts

Capital Markets Analyst

VA Office

The Capital Markets Analyst plays a critical role in multiple private, agency and CMBS loan sales of the Capital Markets team. The person will be responsible for conducting due diligence and re-underwriting commercial and multifamily saleable real estate mortgage loans originated for sale, preparing credit write-ups, working with Loan Originators, Investor Reporting, Master Servicing and the Loan Closing Team to assist in loan sale due diligence and/or to provide them information on sold loans. Other responsibilities will include preparing Transaction Approval Memos for loans sold to Fannie Mae and submitting data in Fannie Mae’s proprietary Commitment & Delivery system.

Responsibilities Include

• Loan Sale Analysis/Due Diligence - 50%
  
  

Responsible for completing loan due diligence and loan re-underwriting for commercial and multifamily saleable real estate loans marked for securitization via CMBS transactions and Fannie Mae agency MBS transactions. Duties include ensuring all credit risks outside of the Fannie Mae Multifamily Selling and Servicing Guide are properly mitigated and approved by Fannie Mae prior to rate lock/trade. Additional duties include writing Asset Summary Reports, defending loans to investors/rating agencies throughout CMBS sale process, and following up with originators/loan servicers on pre- and post-closing items as it relates to these loans.

• C&D/DUS Gateway system - 20%
  
  

For all Fannie Mae sales, this person will register deals on Fannie’s proprietary DUS Gateway system and submit all required data in Fannie Mae’s Commitment and Delivery (C&D) system and check pool disclosures to ensure that the loan is purchased by Fannie Mae.

• Transaction Approval Memos (TAMs) - 15%
  
  

The person will help prepare Transaction Approval Memos and all other required deliverables for loans sold to Fannie Mae. TAMs will generally include an asset summary, market analysis, analysis of third party reports, an updated cash flow analysis, internal credit approval, and Fannie Mae approvals of loan-specific waivers.

• Comfort tape/Data tapes - 10%
  
  

During CMBS loan sales, this person will help as needed by populating the accounting tape for loans included in the sale by interfacing with outside accountants to tie out data on the tape.

• File logistics - 5%
  
  

Prior to and during loan sales, work closely with Loan Closing Team, closing attorneys and other team members to ensure complete documentation and delivery of full loan files to investors and rating agencies. Particular duties include coordinating delivery of documents in connection with CMBS loan sales, including ensuring compliance with Diligence File requirements.

Skills Needed

An undergraduate degree in business/finance or a related major

Understanding of commercial real estate mortgage finance

Written and verbal communication skills

Proficiency in Excel

Detail oriented

Ability to meet deadlines are critical

Organizational skills

Analytical Skills

Preferred Experience With Fannie Mae C&D And ERents Applications

AA/EOE