DUS Underwriting Analyst (Agency) Commercial Real Estate Finance Northmarq Dallas TX
At Northmarq you can be part of something special. Northmarq is a unique capital markets resource for commercial real estate investors providing our clients access toexperts in debt equity investment sales loan servicing and fund management. We offer you a career path withbestinclass training and we foster inclusive teams committed to collaboration mentoring and growth. At Northmarq we will help you unlock your potential whether you are an industry veteran or youre just getting new career is waiting. Start something special today.Northmarq was voted by Real Estate Forum as one of The Best Places to Work in Commercial Real Estate! Northmarqis seeking aDUS UnderwritingAnalystto join ourDallas Denver Omaha or Washington DCoffice. The individualwill be responsible for processing and analyzing loan information in alignment with Fannie Maes multifamily program guidelines. This role requires close collaboration with diverse stakeholders including originators screeners underwriters closing officers borrowers legal counsel and vendors to ensure all parties are kept informed about the status and progress of loans. The ideal candidate will be highly organized detailoriented and possess excellent written and verbal communication skills. *This position is an inoffice position with an immediate start date.
Position Responsibilities:Analysis: - Support the team by preparing loan requests and investment report packages analyzing due diligence and performing various support functions.
- Inventory and review data provided and request additional information from the borrower as needed.
- Gather and analyze site neighborhood and city data including demographics sales and rent comparables absorption surveys and occupancy studies.
- Evaluate operating history property rent rolls and other financial information.
- Develop underwriting templates based on historical financial statements projections and market standards to determine projected income value and loan amounts as directed by senior team members.
- Review and analyze thirdparty reports (appraisals environmental engineering etc. and zoning/building code analyses as directed by senior staff.
- Research property taxes to confirm payments outstanding taxes exemptions and appeals.
- Examine borrower structures by creating and reviewing organizational charts and documents.
- Review the sponsors real estate schedule and mortgage verifications to assess the borrowers loan history payments creditworthiness and liquidity.
Project Management: - Plan and manage your workload to efficiently conduct commercial real estate research analysis packaging and loan closing services.
- Create checklists and appropriate forms based on transaction and borrower structure.
- Track thirdparty report delivery timelines and conduct quality control reviews on final reports and due diligence materials.
- Review Fannie Mae response letters and commitments and assist in preparing written and oral responses to internal and external parties.
- Support the transaction closing process as needed.
- Review due diligence materials for accuracy with assistance from senior team members.
- Manage deal flow between underwriters prioritize daily tasks and identify immediate needs.
Client Service: - Provide prompt highquality service to investors and borrowers in a friendly and professional manner.
- Serve as a secondary point of contact for borrowers and the primary contact for thirdparty vendors participating in all kickoff calls status updates and other relevant communications.
What Were Looking For: - A Bachelors degree or 13 years of relevant experience preferably in commercial real estate finance. New graduates with internship experience are encouraged to apply.
- Strong analytical underwriting and math skills with a demonstrated ability to work independently and handle multiple projects.
- Familiarity with Agency multifamily loan programs is advantageous.
- Proficiency in Microsoft Office (Word and Excel) is required; knowledge of Adobe database applications InDesign ARGUS and Salesforce is a plus.
- Excellent organizational skills with the ability to multitask and work under pressure.
- Client serviceoriented with effective oral and written communication skills.
- Ability to travel for site inspections.
Northmarq offers a highly competitive benefits package including: medical dental vision paid time off 401K match and an annual discretionary contribution based on business performance paid parental leave and adoption assistance education assistance volunteer paid time off charitable contribution match and so much more!
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