FHA Underwriter
FHA Underwriter
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Job Description
Are you looking for an opportunity to define your future in the commercial real estate industry based on your own unique skills and experience
Whether your talents lie in marketing operations finance human resources management or something different altogether youll find flexibility and a sense of belonging at Berkadia. Were committed to a culture that strives for excellence a place where your contributions are valued you are empowered to create positive impact and you can grow your career. Be Your Best Self. Be Berkadia.
The FHA Underwriter is the project manager on the deal during the underwriting stage of the deal. The FHA Underwriter is responsible for leading the Underwriting Team and leading the underwriting progress communication and troubleshooting of the deal prior to receipt of the Firm Commitment from HUD. Mortgage Banking and Underwriting Team relies on the Underwriter to navigate the deal through the underwriting process submission to HUD and receipt of the Firm Commitment. The Underwriter is also required to be a mentor to other Underwriting team members. The Underwriter is responsible for analyzing and underwriting potential loans on complex commercial real estate loan applications across a broad spectrum of asset types. The main duty of the Underwriter is to determine whether the transaction and potential borrower present an acceptable level of risk.
We Innovate to shape the future of CRE so in this role you will:
- Critically review all underwriting components including narratives mortgage credit third-party report conclusions financial and property information to ensure program compliance and acceptable risk to HUD and Berkadia.
- Oversee the underwriting process collaborating with the underwriting team. Guide and coach the underwriting team through all stages of the loan process offering direction and actionable feedback.
- Manage project timelines and coordinate with stakeholders as needed throughout the underwriting process to ensure project milestones and deadlines are met.
- Delegate and review underwriting narratives and financial analyses ensuring quality control. Collaborate with underwriting team to identify risks provide a thorough description develop suitable mitigants and conclusions.
- Evaluate market competitiveness and economic feasibility of proposed collateral and projected income streams.
- Present underwriting recommendations and supporting documentation to approval committee.
- Maintain effective communication with HUD the underwriting team clients and other stakeholders including addressing challenging topics as needed.
- Oversee multiple loan transactions simultaneously tracking progress assigning tasks and meeting project deadlines.
- Other duties as assigned.
We are passionate about your growth so to achieve success in this role you should have:
- Ability to adhere to Berkadias policies and exhibit proficiency and understanding of Berkadias Values and position-specific skills.
- In-depth knowledge of the FHA 221(d)(4) new construction loan program with a focus on market rate transactions.
- Documented experience with achieving firm commitments under the FHA 221(d)(4) program.
- Knowledge of underwriting projects that are undergoing lease up to stabilization for permanent debt under the 223(f) three-year rule financing.
- Ability to interpret and apply HUD guidelines effectively including environmental compliance and mitigation for new construction.
- Strong ability to multitask and handle a large workload of transactions simultaneously.
- Excellent organizational analytical and quantitative skills detail oriented and possess a high level of initiative.
- Ability to interface with team members work independently and in a team environment and possess excellent communication skills.
- Ability to adapt to a rapidly changing work environment.
- MAP Underwriter Certification required.
We believe People Matter so we offer benefits that go beyond:
- Monthly paid volunteer hours and donation matching to benefit our communities
- Employee Resource Groups that help you grow with us
- Fertility and family planning services
- Up to 12-weeks of fully paid parental leave
- Mental health care including free counseling sessions:
- Well help you fund your learning journey with generous tuition reimbursement
- Pet insurance discounts
- And more!
Be Your Best Self. Be Berkadia.
#LI-HF1 #LI-REMOTE
Berkadia as an equal opportunity employer celebrates our employees unique differences which we believe drives personal and company-wide innovation and creates a people-first culture where your career can take the long view. To achieve these goals we are committed to the full inclusion of all qualified individuals without regard to race religion age color national origin gender sexual orientation gender identity or expression marital status domestic partner status military and veteran status disability pregnancy parental status genetic information political affiliation or any other status protected by federal state and local laws.
In keeping with our commitment Berkadia takes the necessarysteps to provide a workplace free from harassment and discrimination as well as access and reasonable accommodations for individuals with you require reasonable accommodation to take part in the interview process please contact
You have rights under Federal and State employment laws. No question in this Application is intended to elicit information in violation of any such law nor will any information obtained in response to any question be used in violation of any such law. If you apply for this role you are acknowledgingBerkadias Application PolicyandBerkadias Privacy Policy. Please click the following links for more information about:EEOCEmployee Rights under the FMLAEPPA.
Employment Type
Full Time
