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Morgan Stanley

UHNW Mortgage Underwriter

Morgan Stanley, Charlotte, North Carolina, United States, 28245

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UHNW Mortgage Underwriter- Remote Based

Morgan Stanley is a global financial services leader with three core businesses - Institutional Securities, Asset Management, and Global Wealth Management. Global Wealth Management is offered by the Morgan Stanley Wealth Management (MSWM) franchise, which has one of the world’s largest networks of Financial Advisors. In addition to our comprehensive financial services, which include brokerage, investment advisor, financial and wealth planning, annuities, insurance and retirement, Morgan Stanley is continuing to enhance our lending, trust and cash management capabilities. By combining our lending financial services business with private banking products built specifically to service the needs of Financial Advisors and their clients, we can tailor banking and lending solutions to client needs.

Morgan Stanley Home Loans is looking for the best of the best to provide premier mortgage services to our clients. As part of Global Wealth Management Division (GWM), we have a partnership with Morgan Stanley’s retail brokerage network that provides a proprietary source of inbound business.

Morgan Stanley Private Bank National Association is seeking an experienced, positive and motivated individual to join our Home Loans underwriting team. The successful candidate will possess a combination of deal structuring and underwriting skills and experience underwriting mortgage loans for sophisticated borrowers with complex income streams. Our Mortgage Underwriters are responsible for analyzing clients’ financial background, and making lending decisions.

Location:

This is a REMOTE based opportunity

Position Responsibilities

Underwrite and analyze multifaceted mortgage loans for high net-worth clients within delegated credit authority and in accordance with MSPBNA credit policy, lending standards and risk appetite

Proactively and effectively manage and maintain a pipeline of complex transactions

Provide guidance as related to complex income scenarios to partners and junior team members

Perform complicated income, business financial statement and tax return analysis

Assist in identifying or recommending alternative loan solutions

Provide onboarding and training to new team members

Qualifications - External

Private bank lending experience, business relationship management or commercial/structured credit analysis experience required including providing business financing

Minimum 10 years’ experience credit analysis and underwriting for high net-worth individuals

Experience underwriting non-conforming loans

Experience structuring and underwriting loans held in entities i.e. LLCs and Trusts

Pipeline management experience required

College degree preferred or equivalent experience, advanced degree a plus

Skills/Abilities

Ability to comprehend business financial statements and personal tax returns

Understanding of structured credit transactions including terms, covenants, etc. and impact to the residential mortgage product

Excellent verbal and written communication skills, including ability to articulate the borrower’s financial profile and associated risks

Underwriter should be comfortable working with Family Offices, CPAs, CFOs, Business Managers, Financial Advisors, etc.

Superior knowledge of underwriting and credit risk principles

Ability to recognize, mitigate and escalate risks where appropriate

Strong knowledge of unique property vesting, i.e. trusts and LLCs

Complex self-employed income analysis is a critical requirement

Ability to partner and collaborate with a deal team (comprising of Mortgage Consultants, Relationship Managers, loan processors, Private Banker and Financial Advisors) as well as ability to partner with Structured Credit partners

Experience with wealth management clients

Extraordinary client service aptitude

Meticulous follow-up and follow through

Ability to work under tight timelines

Excellent attention to detail

High level of proficiency with Microsoft Excel; proficient with Microsoft Office suite

What You Can Expect From Morgan Stanley

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — guide the decisions we make every day. Morgan Stanley offers attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law. Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Finance and Sales

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