Underwriter - GSE
Merchants Bank IN · Washington, District Of Columbia, US
Description The position is responsible for ensuring the timely and accurate underwriting of multifamily mortgage loan transactions in accordance with Agency...
Job description
Description The position is responsible for ensuring the timely and accurate underwriting of multifamily mortgage loan transactions in accordance with Agency and Bank guidelines. Responsibilities include but are not limited to reviewing customer data, making sound credit decisions and ensuring they are documented to secondary market guidelines where applicable, as well as assisting loan officers and processors with gathering of loan documents. Under moderate supervision, work closely with the Review Underwriter underwriting new loan originations for Fannie Mae/Freddie Mac. Perform evaluation of proposed Agency loans for credit risk; obtain deal approvals from Merchants credit committee and respective Agency. Requirements: - Underwrite multifamily Agency loans originated by Merchants Capital. - Manage underwriting process for new loans from origination to closing. - Adhere to Agency loan requirements, reviewing updates on an ongoing basis, to stay current on changes made by respective Agencies and/or Merchants. - Perform site inspections of underwritten assets. - Manage third party vendors and evaluate third party reports including appraisal reports, engineering reports, environment...