- Fully understands the procedural aspect of underwriting Agency Loans from application to delivery and can accurately detail this out to stakeholders within the deal team
- Correctly identifies all waivers/exceptions and risks associated with the transactions and provides mitigated recommendation
- Navigates and takes deal ownership through the underwriting process
- Field questions, review work, and provide deal guidance with Junior Managers and Underwriters through the underwriting process and prior to approval
- Underwrite transactions while leading and leveraging a team to enhance transactions underwriting efficiency
- Mentor and train underwriting team
- Interprets Fannie Mae/Freddie Mac product sheets, underwriting parameters, and underwrites all transaction types, including fixed, floating, supplemental, MHC, and credit facilities, etc.
- Higher-level external exposure to brokers, borrowers, lender counsel, and agency counterparts
- Ability to underwrite complex transactions with simple to complicated borrower structures and unique property or market characteristics
- Develops and foster relationships with agency counterparts
- Presents ideas for policy and process improvements to their manager
- Partner with Closing and lender counsel in the review and approval of loan documentation to ensure the documents meet agreed-upon business terms and satisfy the specific requirements of the appropriate credit approval authority.
- Foster open dialogue and strong working relationships with Asset Management, Servicing, and Closing, and other groups that support and review the line of business.
- Remain current on all bank compliance regulatory policies and procedures and on all pending and proposed regulatory changes affecting bank compliance.
Basic Qualifications:
- Bachelor's Degree OR Military Experience
- At least 5 years of experience in Multifamily Agency lending
- At least 5 years of experience in Fannie Mae Multifamily underwriting
Preferred Qualifications:
- At least 7 years of experience in Multifamily Agency Lending
- At least 7 years of experience in Fannie Mae and Freddie Mac Multifamily underwriting
- At least 3 years of experience in Small Balance Loan Multifamily underwriting
- At least 5 years of experience managing a team of three or more