underwriter

Job Title:   Underwriter
Department: Underwriting
Reports to: Deputy Chief Underwriter
Location: Boston, MA

POSITION SUMMARY:

We are seeking an Underwriter with 3+ years of commercial underwriting experience with large loans — GSE multifamily experience is preferred. The Underwriter’s primary responsibilities will be to provide day-to-day financial, market, and underwriting analysis of multifamily loans. This is an excellent opportunity to be thoroughly educated about the underwriting of multifamily mortgages, to have extensive contact with our clients, and to train under the premier programs (Fannie Mae and Freddie Mac). This position affords the opportunity to work closely with our Senior Credit team and Originators on the structuring and underwriting of transactions. The position requires prior DUS underwriting experience with extensive familiarity of Fannie Mae and Freddie Mac Multifamily Guides. This position is located in Boston, MA.

ESSENTIAL DUTIES AND RESPONSIBILITIES: 

  • Analyze, interpret and underwrite complex multifamily real estate transactions in compliance with respective agency guidelines (Fannie Mae/Freddie Mac)
  • Conduct detailed economic and demographic research to determine feasibility of transactions
  • Prepare and present comprehensive loan approval package to credit committee
  • Develop and maintain strong relationships with origination and closing departments as well as external agency investors
  • Conduct comprehensive inspections of physical real-estate assets on an as-needed basis

CORE COMPETENCIES:

  • Highly developed analytical, research and written/oral presentation skills
  • Ability to problem-solve and exercise independent judgment while displaying a high degree of initiative and accuracy
  • Demonstrated ability to organize & prioritize projects; complete multiple tasks on schedule
  • Ability to work productively under minimal supervision
  • Proficiency in Microsoft Office, especially in EXCEL and Word
  • Strong work ethic
  • Proactive team player, able to work effectively under sometimes stressful conditions

QUALIFICATIONS:

  • Bachelor’s degree in Accounting, Finance, Economics, Real Estate, or other related fields
  • 3-5+ years commercial underwriting experience with large loans — GSE multifamily experience is preferred
  • Prior DUS underwriting experience with extensive familiarity of Fannie Mae and Freddie Mac Multifamily Guides
  • Able to travel a minimum of 10-20%

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