Regions Financial Corporation
Real Estate Capital Markets Agency (FNMA) Underwriting Analyst
Regions Financial Corporation, Irvine, California, United States, 92713
Overview
Thank you for your interest in a career at Regions. At Regions, associates deserve more than just a job. We believe in offering performance-driven individuals a place to build a career — a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice. At Regions, the Capital Markets Agency Underwriting Analyst works within the Real Estate Capital Markets Project Finance Group (RECMPF) to complete financial analysis and borrower due diligence and helps coordinate underwriting and loan closings. The RECMPF Group is housed within the Capital Markets Group of Regions Bank and provides client-specific off-balance sheet financing solutions through its various Agency Products – Fannie Mae, Freddie Mac, and HUD. Primary Responsibilities
Maintains a current and comprehensive knowledge of Lending Program Guidelines
Conducts in-depth review of sponsor/guarantor financials, including balance sheets, income statements, tax returns and real estate schedules to determine ability to support guarantees
Assists Underwriters in scrubbing and analyzing information from Client for accuracy
Communicates with sponsors regarding due diligence items required from the borrower/sponsor
Assists borrowers with agency forms, ensuring they are accurate and complete
Follows up with internal team and clients to obtain all necessary information and to clarify any financial and/or property specific information
Tracks orders for appraisals, title reports, environmental reports, legal formation documents, credit reports and any other documents required for processing the loan
Works with internal and external counsel to deliver loan documents, obtain appropriate signatures, and deliver to escrow for closing
Assists underwriters with completing required forms, and reviewing and verifying customer due diligence to ensure adherence to all compliance policy
Completes post-closing funding procedures and deliver closed transactions to Loan Servicing
Prepares loan status reports and documents as required
Actively interacts with lending personnel to ensure timely analysis and closing of proposed loans
Actively interacts with multiple internal and external parties involved in the lending process, including originators, brokers, sponsors, third party report providers, counsel, and credit officers
This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay. This position is incentive eligible. Requirements
Bachelor’s degree in Accounting, Finance, Real Estate, or related field OR
A high school degree and three (3) years of commercial real estate lending and/or equity investment experience with a bank, brokerage firm, insurance company, pension fund or private equity firm will substitute
Preferences
Three (3) years of commercial real estate lending and/or equity investment experience with a bank, brokerage firm, insurance company, pension fund or private equity firm
Experience in the multifamily asset type
Fannie Mae/Freddie Mac experience preferred
Skills and Competencies
Ability to effectively organize and prioritize
Ability to work in a fast-paced environment with a positive and optimistic attitude
Ability to work independently and responsibly
Advanced proficiency in Excel, Word and PowerPoint
Excellent attention to detail
Excellent customer service skills
Excellent verbal and written communication skills
Strong analytical skills
Compensation Details
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job. The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position. Job Range Target: Minimum: $68,831.33 USD 50th Percentile: $86,006.70 USD Incentive Pay Plans: This role is eligible to participate in a discretionary incentive plan. Employees have the potential to receive a discretionary award based on performance against defined metrics and goals. Location
Irvine, California Equal Opportunity
Employer including Disabled/Veterans Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
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Thank you for your interest in a career at Regions. At Regions, associates deserve more than just a job. We believe in offering performance-driven individuals a place to build a career — a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice. At Regions, the Capital Markets Agency Underwriting Analyst works within the Real Estate Capital Markets Project Finance Group (RECMPF) to complete financial analysis and borrower due diligence and helps coordinate underwriting and loan closings. The RECMPF Group is housed within the Capital Markets Group of Regions Bank and provides client-specific off-balance sheet financing solutions through its various Agency Products – Fannie Mae, Freddie Mac, and HUD. Primary Responsibilities
Maintains a current and comprehensive knowledge of Lending Program Guidelines
Conducts in-depth review of sponsor/guarantor financials, including balance sheets, income statements, tax returns and real estate schedules to determine ability to support guarantees
Assists Underwriters in scrubbing and analyzing information from Client for accuracy
Communicates with sponsors regarding due diligence items required from the borrower/sponsor
Assists borrowers with agency forms, ensuring they are accurate and complete
Follows up with internal team and clients to obtain all necessary information and to clarify any financial and/or property specific information
Tracks orders for appraisals, title reports, environmental reports, legal formation documents, credit reports and any other documents required for processing the loan
Works with internal and external counsel to deliver loan documents, obtain appropriate signatures, and deliver to escrow for closing
Assists underwriters with completing required forms, and reviewing and verifying customer due diligence to ensure adherence to all compliance policy
Completes post-closing funding procedures and deliver closed transactions to Loan Servicing
Prepares loan status reports and documents as required
Actively interacts with lending personnel to ensure timely analysis and closing of proposed loans
Actively interacts with multiple internal and external parties involved in the lending process, including originators, brokers, sponsors, third party report providers, counsel, and credit officers
This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay. This position is incentive eligible. Requirements
Bachelor’s degree in Accounting, Finance, Real Estate, or related field OR
A high school degree and three (3) years of commercial real estate lending and/or equity investment experience with a bank, brokerage firm, insurance company, pension fund or private equity firm will substitute
Preferences
Three (3) years of commercial real estate lending and/or equity investment experience with a bank, brokerage firm, insurance company, pension fund or private equity firm
Experience in the multifamily asset type
Fannie Mae/Freddie Mac experience preferred
Skills and Competencies
Ability to effectively organize and prioritize
Ability to work in a fast-paced environment with a positive and optimistic attitude
Ability to work independently and responsibly
Advanced proficiency in Excel, Word and PowerPoint
Excellent attention to detail
Excellent customer service skills
Excellent verbal and written communication skills
Strong analytical skills
Compensation Details
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job. The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position. Job Range Target: Minimum: $68,831.33 USD 50th Percentile: $86,006.70 USD Incentive Pay Plans: This role is eligible to participate in a discretionary incentive plan. Employees have the potential to receive a discretionary award based on performance against defined metrics and goals. Location
Irvine, California Equal Opportunity
Employer including Disabled/Veterans Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
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