Associate Underwriter

Job description

Summary: Assist the Underwriting Team with credit, market, and underwriting analysis of multi-family 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 for net cash flow for multi-family assets. - Order and critically analyze third party appraisals, property conduction reports, and phase I environmental and seismic 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 multi-family standards and processes. - Assist Underwriter with preparation of loan committee narrative submissions and Freddie Mac submissions. - Assist 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. - Additional ad hoc financial analysis as required. - Interface with Underwriting staff, Production staff, and external parties in a profess...