Underwriter

Summary:

At BWE we are dedicated to excellence in multifamily property finance.

Join our dynamic team as an Agency Underwriter and play a crucial role in managing and coordinating multifamily loan applications from start to finish. You’ll be at the heart of the underwriting process, ensuring that each deal meets the highest standards and is completed efficiently.

This multifamily Underwriter role is charged with project managing and coordinating the movement of Freddie Mac and Fannie Mae multifamily loan applications through the underwriting pipeline to loan closing.

What You’ll Do:

Deal Management: Establish deal transaction timelines in conjunction with the Team Lead and Deputy Chief Underwriter, and Producer.

Appraisal Review: Conduct a critical review and analysis of the appraisal, including a review of the market analysis, property description, real estate tax analysis, zoning analysis, and the comparable properties to ensure accuracy and compliance.

Due Diligence: Conduct due diligence review of issues relating to the property’s market, location, condition, borrower and principal’s mortgage credit issues, property management and other issues relevant to risks identified.

Guidelines Expertise: Demonstrate ongoing knowledge and a deep understanding of Freddie Mac and Fannie Mae program guidelines as established in each of their Multifamily Seller and Servicer Guides.

Site Inspections: Conduct site inspections for property conditions and compliance for transactions underwritten.

Lease Audits: Perform detailed lease audits to verify financial data.

Market Analysis: Conduct market analysis to inform underwriting decisions.

Checklist Creation: Oversee generation of BWE’s underwriting checklist and all forms as appropriate for the proper product type and introduce borrower to the information requirements.

What We’re Looking For:

Two years of underwriting agency multifamily experience or equivalent.

Bachelor’s Degree required.

Previous Fannie Mae/Freddie Mac underwriting strongly preferred.

Proficient in Microsoft Office products.

Ability to operate effectively in a team environment as well as able to work independently.

Ability to meet deadlines and work in a fast-paced environment and demonstrate a proven track record of multi-tasking.

Excellent written and verbal communication skills.

Knowledgeable with a variety of product types including conventional, student housing, and manufactured housing.

Why Join Us?

Dynamic and Collaborative Environment: Be part of a team that values open communication, continuous learning, and a customer-first approach.

Professional Growth: Gain extensive knowledge in Fannie Mae and Freddie Mac multifamily lending, enhancing your career prospects in the real estate finance industry.

Strong Relationships: Build and maintain strong relationships with external parties, expanding your professional network.

Supportive Culture: Work in a supportive environment where your contributions are recognized and valued, and where you are encouraged to grow professionally.

Apply today and be a part of our mission to deliver excellence in multifamily property loans!

This position is eligible to earn a base salary in the range of $110k to $115k annually depending on job-related factors such as level of experience and geographic location.

We encourage you to explore the career opportunities we have available here at BWE!

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