What are the responsibilities and job description for the Analyst position at Newmark?
We are seeking a Loan Screening Analyst with 1-3 years of commercial underwriting experience with large loans ($10M average loan size) - GSE multifamily experience as well as DUS experience is preferred. The analyst’s primary responsibilities will be to provide day-to-day financial, market, and underwriting analysis of multifamily loans. This is an excellent opportunity to be thoroughly educated about the underwriting of multifamily mortgages, to have extensive contact with our clients, and to train under the premier programs (Fannie Mae and Freddie Mac). This position affords the opportunity to work closely with our Senior Credit team and Originators on the structuring and underwriting of transactions.
Essential Duties and Responsibilities :
- Analyze, interpret and underwrite complex multifamily real estate transactions in compliance with respective agency guidelines (Fannie Mae/Freddie Mac)
- Conduct detailed economic and demographic research to determine feasibility of transactions
- Prepare and present comprehensive loan approval package to credit committee
- Develop and maintain strong relationships with origination and closing departments and external agency investors
- Conduct comprehensive inspections of physical real-estate assets on an as-needed basis
Skills, Education and Experience:
- B.S./B.A. degree in Accounting, Finance, Economics, Real Estate or other related fields preferred
- 1-3 years of direct Fannie Mae/Freddie Mac underwriting experience with large loans ($10M average loan size)
- Highly developed analytical, research and written/oral presentation skills
- Ability to problem-solve and exercise independent judgment while displaying a high degree of initiative and accuracy
- Demonstrated ability to organize & prioritize projects, complete multiple tasks on schedule
- Ability to work productively under minimal supervision
- Proficiency in Microsoft Office, especially in EXCEL and Word
- Strong work ethic
- Proactive team player, able to work effectively under sometimes stressful conditions
- Ability to travel a minimum of 10-20%
Benefits and Perks:
- Industry leading Parental Leave Policy (up to 16 weeks)
- Generous healthcare
- Bright Horizons back-up care program
- Generous paid time off
- Education reimbursement
- Referral Program Opportunities to network and connect within the industry
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.
