Underwriting Analyst, GSE - Washington D.C. - Merchants Capital

    Merchants Capital
    Merchants Capital Washington D.C.

    2 days ago

    Description

    Multifamily Underwriting Analyst - McLean, VA

    Salary: $68,000 - $102,000 (based on qualifications).

    Full?time

    Description

    Work with Underwriters to perform due diligence for multifamily products and transactions, input income and expense statements, conduct reviews, learn underwriting requirements, and more.

    Responsibilities

    • Work with Underwriter(s) and perform due diligence for multifamily products and transactions.
    • Input income and expense statements to determine maximum loan amounts.
    • Conduct initial reviews of market areas, property and site characteristics.
    • Complete initial review of borrower and management qualifications.
    • Learn methodology for building up proforma income & expenses.
    • Study FNMA and FRE DUS Guide underwriting requirements and review lender updates on an ongoing basis.
    • Conduct site visits to assess condition and quality of multifamily projects, management, and market.
    • Order and complete preliminary review of third?party reports including appraisals, engineering, seismic, Phase I environmental assessments, and O&M plans.
    • Maintain organized, fully documented underwriting files and manage underwriting checklists.
    • Assist in crafting the DUS narratives/final loan packages for committee review.
    • Communicate closely with Underwriting, Production, Closing, Insurance, and others to problem?solve deal issues.
    • Assist in completing underwriting deliverables as part of closing and submission of the loan to the investor.

    Requirements

    • Bachelors degree (Business or Finance preferred).
    • Previous experience in the real estate industry preferred.
    • Demonstrated analytical skills to evaluate data quickly and act to move transactions forward.
    • Excellent interpersonal and presentation skills with strong work ethic to meet the demands of a fast?paced environment.
    • Demonstrated ability to develop and execute solutions to complex issues and transactions.
    • Critical?thinking and multitasking skills.
    • Ownership of work, willingness to take on challenges, and patience when learning new processes.

    About Merchants Capital

    With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multifamily housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA, in addition to our banks balance sheet products, allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways. Recognized as a top five affordable lender, Merchants Capital pairs our comprehensive debt offerings with in?house tax credit equity to provide a one?stop shop for developers and owners. To learn more, visit

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