Regions Bank
Real Estate Capital Markets Agency (FNMA) Underwriting Analyst
Regions Bank, Irvine, California, United States, 92713
Real Estate Capital Markets Agency Underwriting Analyst
Join to apply for the Real Estate Capital Markets Agency (FNMA) Underwriting Analyst role at Regions Bank.
Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can 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.
Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions’ Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.
Job Description 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
Maintain a current and comprehensive knowledge of Lending Program Guidelines
Conduct in-depth review of sponsor/guarantor financials, including balance sheets, income statements, tax returns and real estate schedules to determine ability to support guarantees
Assist Underwriters in scrubbing and analyzing information from Client for accuracy
Communicate with sponsors regarding due diligence items required from the borrower/sponsor
Assist borrowers with agency forms, ensuring they are accurate and complete
Follow up with internal team and clients to obtain all necessary information and to clarify any financial and/or property specific information
Track orders for appraisals, tile reports, environmental reports, legal formation documents, credit reports and any other documents required for processing the loan
Work with internal and external counsel to deliver loan documents, obtain appropriate signatures, and deliver to escrow for closing
Assist underwriters with completing required forms, and reviewing and verifying customer due diligence to ensure adherence to all compliance policy
Complete post-closing funding procedures and deliver closed transactions to Loan Servicing
Prepare loan status reports and documents as required
Actively interact with lending personnel to ensure timely analysis and closing of proposed loans
Actively interact with multiple internal and external parties involved in the lending process, including originators, brokers, sponsors, third party report providers, counsel, and credit officers
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
Position Type Full time
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.
Minimum: $68,831.33 USD
Median: $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.
Benefits Information
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.
https://www.regions.com/welcometour/benefits.rf
Location Details Michelson Drive, Irvine, California
Equal Opportunity Employer Including Disabled/Veterans
#J-18808-Ljbffr
Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can 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.
Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions’ Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.
Job Description 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
Maintain a current and comprehensive knowledge of Lending Program Guidelines
Conduct in-depth review of sponsor/guarantor financials, including balance sheets, income statements, tax returns and real estate schedules to determine ability to support guarantees
Assist Underwriters in scrubbing and analyzing information from Client for accuracy
Communicate with sponsors regarding due diligence items required from the borrower/sponsor
Assist borrowers with agency forms, ensuring they are accurate and complete
Follow up with internal team and clients to obtain all necessary information and to clarify any financial and/or property specific information
Track orders for appraisals, tile reports, environmental reports, legal formation documents, credit reports and any other documents required for processing the loan
Work with internal and external counsel to deliver loan documents, obtain appropriate signatures, and deliver to escrow for closing
Assist underwriters with completing required forms, and reviewing and verifying customer due diligence to ensure adherence to all compliance policy
Complete post-closing funding procedures and deliver closed transactions to Loan Servicing
Prepare loan status reports and documents as required
Actively interact with lending personnel to ensure timely analysis and closing of proposed loans
Actively interact with multiple internal and external parties involved in the lending process, including originators, brokers, sponsors, third party report providers, counsel, and credit officers
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
Position Type Full time
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.
Minimum: $68,831.33 USD
Median: $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.
Benefits Information
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.
https://www.regions.com/welcometour/benefits.rf
Location Details Michelson Drive, Irvine, California
Equal Opportunity Employer Including Disabled/Veterans
#J-18808-Ljbffr