BEREC Bellwether Enterprise Real Estate Capital, LLC
Senior Underwriter
BEREC Bellwether Enterprise Real Estate Capital, LLC, Chicago, Illinois, United States, 60290
Summary:
The Multifamily Underwriter (“Underwriter”) is charged with project managing and coordinating the movement of Freddie Mac and Fannie Mae multifamily loan applications through the underwriting pipeline from engagement to closing.
Major Responsibilities: Establish transaction timelines in conjunction with the Team Lead and Deputy Chief Underwriter, and Producer 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 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 Demonstrate ongoing knowledge and competency with Freddie Mac and Fannie Mae program guidelines as established in each of their Multifamily Seller and Servicer Guides Conduct site inspections, lease audits, and market analysis for transactions underwritten Oversee generation of BWE’s underwriting checklist and all forms as appropriate for the proper product type and introduce borrower to the information requirements 2 years of agency multifamily experience or equivalent Bachelor’s Degree required. 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. This position is eligible to earn a base salary in the range of $90k to $130k annually depending on job-related factors such as level of experience and geographic location. This position is also eligible to participate in the BWE Annual Bonus Plan. We encourage you to explore the career opportunities we have available here at BWE!
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Major Responsibilities: Establish transaction timelines in conjunction with the Team Lead and Deputy Chief Underwriter, and Producer 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 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 Demonstrate ongoing knowledge and competency with Freddie Mac and Fannie Mae program guidelines as established in each of their Multifamily Seller and Servicer Guides Conduct site inspections, lease audits, and market analysis for transactions underwritten Oversee generation of BWE’s underwriting checklist and all forms as appropriate for the proper product type and introduce borrower to the information requirements 2 years of agency multifamily experience or equivalent Bachelor’s Degree required. 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. This position is eligible to earn a base salary in the range of $90k to $130k annually depending on job-related factors such as level of experience and geographic location. This position is also eligible to participate in the BWE Annual Bonus Plan. We encourage you to explore the career opportunities we have available here at BWE!
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