Walker & Dunlop
Join to apply for the
Underwriter
role at
Walker & Dunlop We are Walker & Dunlop. We are one of the largest providers of capital to the commercial real estate industry, enabling real estate owners and operators to bring their visions of communities — where people live, work, shop, and play — to life. We are committed to creating meaningful social, environmental, and economic change in our communities. Department Small Balance Group - Underwriting We are Walker & Dunlop’s
Small Balance Group , a fully integrated lending platform specializing in debt executions and processes uniquely tailored to the private client multifamily market. Department Overview As one of the nation’s top Freddie Mac Optigo Small Balance Loan and Fannie Mae DUS Small Loan lenders, our experts manage the origination, underwriting, funding, and servicing processes in-house and serve as a trusted advisor to our clients from quote, close, & beyond. The Impact You Will Have An Underwriter is responsible for underwriting mortgages on income producing property in the company’s multifamily agency lines to support the achievement of the company’s loan production goals. Primary Responsibilities
Underwrite complex multifamily real estate transactions in accordance with official Freddie Mac and Fannie Mae product guidelines. Establish underwriting timeline in conjunction with the loan officer and closing coordinator. Assist Loan Officers and Regional Managers in issuing quotes and applications: preliminary estimate of NOI and determination of threshold issues to estimate debt service coverage and loan-to-value ratios. Conduct detailed analysis of each transaction to determine the feasibility of each loan. Oversee generation of borrower’s checklist for the proper product type and introducing borrower to the information requirements. Selecting contractors and initiation of the necessary third party reports for the underwriting process (e.g., appraisal, environmental, engineering. Assess borrower financial and legal standing to determine borrower eligibility for each loan Thorough 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 in borrowers checklist 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 submitted. Conduct a critical review and analysis of the engineering report and environmental reports plus additional reports included as part of the underwriting including, seismic studies and market studies as appropriate Conduct site and market inspections. Prepare comprehensive loan narratives for Chief Underwriter credit approval. Communicate and problem-solve daily with teammates, clients, vendors, and other stakeholders, often in combination with travel. Education And Experience
Bachelor’s degree required preferably with an emphasis on Real Estate, Economics or Finance preferred 3+ years underwriting experience with Fannie Mae and Freddie Mac loans required Experience working with appraisers and engineering/environmental firms required Advanced degree or professional certification (e.g., MAI, CCIM) preferred Knowledge, Skills And Abilities
Demonstrated knowledge of and experience in multifamily underwriting. Demonstrated relationships with Freddie Mac and Fannie Mae personnel Demonstrated leadership with evidence of increasing responsibility throughout career history Excellent interpersonal and presentation skills and the ability to effectively communicate with all levels of management Demonstrated commitment to innovation and change and willingness to take initiative to accomplish change Demonstrated ability to develop and execute solutions to complex issues and transactions Multifamily experience across a wide range of financial and product executions including fixed and variable rate transactions Ability to show ownership of your work, take on challenges and acknowledge growth opportunities, and demonstrate patience when learning new processes This position has an estimated base salary of $80,000 - $95,000 plus discretionary bonus. What We Offer
The opportunity to join one of Fortune Magazine’s Great Places to Work winners from 2015-2023 Comprehensive benefit options Up to 83% subsidized medical payroll deductions Competitive dental and vision benefits 401(k) + match Pre-tax transit and commuting benefits A robust health and wellness program Paid maternity and parental leave, as well as other family paid leave programs Company-paid life, short and long-term disability insurance Health Savings Account and Healthcare and Dependent Care Flexible Spending Career development opportunities Empowerment and encouragement to give back – volunteer hours and donation matching EEO Statement We are committed to equity in all steps of the recruitment and employment experience. We believe in equal access to opportunities in our workplace. We do not tolerate discrimination, including harassment, based on any characteristic protected by applicable law.
#J-18808-Ljbffr
Underwriter
role at
Walker & Dunlop We are Walker & Dunlop. We are one of the largest providers of capital to the commercial real estate industry, enabling real estate owners and operators to bring their visions of communities — where people live, work, shop, and play — to life. We are committed to creating meaningful social, environmental, and economic change in our communities. Department Small Balance Group - Underwriting We are Walker & Dunlop’s
Small Balance Group , a fully integrated lending platform specializing in debt executions and processes uniquely tailored to the private client multifamily market. Department Overview As one of the nation’s top Freddie Mac Optigo Small Balance Loan and Fannie Mae DUS Small Loan lenders, our experts manage the origination, underwriting, funding, and servicing processes in-house and serve as a trusted advisor to our clients from quote, close, & beyond. The Impact You Will Have An Underwriter is responsible for underwriting mortgages on income producing property in the company’s multifamily agency lines to support the achievement of the company’s loan production goals. Primary Responsibilities
Underwrite complex multifamily real estate transactions in accordance with official Freddie Mac and Fannie Mae product guidelines. Establish underwriting timeline in conjunction with the loan officer and closing coordinator. Assist Loan Officers and Regional Managers in issuing quotes and applications: preliminary estimate of NOI and determination of threshold issues to estimate debt service coverage and loan-to-value ratios. Conduct detailed analysis of each transaction to determine the feasibility of each loan. Oversee generation of borrower’s checklist for the proper product type and introducing borrower to the information requirements. Selecting contractors and initiation of the necessary third party reports for the underwriting process (e.g., appraisal, environmental, engineering. Assess borrower financial and legal standing to determine borrower eligibility for each loan Thorough 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 in borrowers checklist 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 submitted. Conduct a critical review and analysis of the engineering report and environmental reports plus additional reports included as part of the underwriting including, seismic studies and market studies as appropriate Conduct site and market inspections. Prepare comprehensive loan narratives for Chief Underwriter credit approval. Communicate and problem-solve daily with teammates, clients, vendors, and other stakeholders, often in combination with travel. Education And Experience
Bachelor’s degree required preferably with an emphasis on Real Estate, Economics or Finance preferred 3+ years underwriting experience with Fannie Mae and Freddie Mac loans required Experience working with appraisers and engineering/environmental firms required Advanced degree or professional certification (e.g., MAI, CCIM) preferred Knowledge, Skills And Abilities
Demonstrated knowledge of and experience in multifamily underwriting. Demonstrated relationships with Freddie Mac and Fannie Mae personnel Demonstrated leadership with evidence of increasing responsibility throughout career history Excellent interpersonal and presentation skills and the ability to effectively communicate with all levels of management Demonstrated commitment to innovation and change and willingness to take initiative to accomplish change Demonstrated ability to develop and execute solutions to complex issues and transactions Multifamily experience across a wide range of financial and product executions including fixed and variable rate transactions Ability to show ownership of your work, take on challenges and acknowledge growth opportunities, and demonstrate patience when learning new processes This position has an estimated base salary of $80,000 - $95,000 plus discretionary bonus. What We Offer
The opportunity to join one of Fortune Magazine’s Great Places to Work winners from 2015-2023 Comprehensive benefit options Up to 83% subsidized medical payroll deductions Competitive dental and vision benefits 401(k) + match Pre-tax transit and commuting benefits A robust health and wellness program Paid maternity and parental leave, as well as other family paid leave programs Company-paid life, short and long-term disability insurance Health Savings Account and Healthcare and Dependent Care Flexible Spending Career development opportunities Empowerment and encouragement to give back – volunteer hours and donation matching EEO Statement We are committed to equity in all steps of the recruitment and employment experience. We believe in equal access to opportunities in our workplace. We do not tolerate discrimination, including harassment, based on any characteristic protected by applicable law.
#J-18808-Ljbffr