Walker & Dunlop
Department: GSE Underwriting
Company: Walker & Dunlop – a leading provider of capital to the commercial real estate industry, committed to social, environmental, and economic change.
Base salary range: $115,000 – $175,000 per year, plus discretionary bonus. Salary is based on relevant work experience and market data.
Department Overview GSE Underwriting is responsible for pre‑screening and underwriting all Fannie Mae and Freddie Mac loans.
The Impact You Will Have This position reports to the Deputy Chief Underwriter and serves as a senior member of the Underwriting Management Team.
Primary Responsibilities
Demonstrate an understanding of the history and function of Fannie Mae, Fannie Mae DUS, DUS Lenders, Freddie Mac and Freddie Mac Program Plus.
Manage, oversee, train, and develop members of the underwriting team and the underwriting process.
Structure, underwrite, monitor, and perform due diligence for multifamily housing products and transactions.
Evaluate and manage risk issues using a comprehensive risk‑management approach.
Develop and manage critical business relationships, cultivating favorable relationships with internal and external contacts.
Anticipate and resolve issues for customers and team members.
Demonstrate mastery of Freddie Mac and Fannie Mae methodology for building up Proforma income and expenses.
Maintain a high level of computer proficiency in Excel and Word.
Keep up‑to‑date with Freddie Mac and Fannie Mae Guides, implementing periodic updates for continuous improvement.
Conduct site visits to assess the condition and quality of multifamily projects, their management, and their marketplaces.
Review third‑party Appraisals, Engineering Reports, Seismic Reports, Phase I Environmental Assessments, and O&M Reports to assist underwriting teams.
Ensure Underwriting staff generates accurate and analytical Narratives for submission to the Loan Committee.
Work with Asset Management, Production, Closing, and other departments to monitor performance and refine benchmarks and metrics for portfolio evaluation.
Resolve deal‑specific issues in collaboration with Freddie Mac and Fannie Mae team members in a timely manner.
Frequent business travel is required.
Communicate and problem‑solve daily with teammates, clients, vendors, and other stakeholders, often in combination with travel.
Other skills related to building a career in Underwriting.
Perform other duties as assigned.
Attendance is generally required from 8:30 am to 5:30 pm local time, Tuesday through Thursday, with the option to work remotely on Mondays and Fridays.
Education and Experience
Bachelor’s degree preferred.
7+ years of work experience in commercial real‑estate finance with strong exposure to multifamily and extensive knowledge of the Fannie Mae DUS program required.
Knowledge, Skills, and Abilities
Demonstrated knowledge and experience in underwriting, including key industry players, trends, credit and sponsor‑related risks, and property operations.
Leadership experience with evidence of increasing responsibility, including at least five years of direct supervisory responsibility.
Analytical skills that enable quick evaluation of data, decisive action on imperfect information, and team support in transaction advancement.
Excellent interpersonal and presentation skills with the ability to communicate effectively with all management levels.
Commitment to innovation and change, taking initiative to accomplish improvement.
Ability to develop and execute solutions to complex issues and transactions.
Extensive multifamily experience across a wide range of financial and product executions.
Business‑management experience and the ability to lead deal close processes.
Knowledge of Fannie Mae’s DUS and Freddie Mac’s Program Plus products is required.
Ownership of work, willingness to tackle challenges, and patience in learning new processes.
Courtesy, respect, and thoughtfulness when collaborating with colleagues and stakeholders.
What We Offer
The opportunity to join one of Fortune Magazine’s Great Places to Work winners from 2015‑2023.
Comprehensive benefit options that have earned Walker & Dunlop the silver level of the 2022 Cigna Healthy Workforce Designation, including:
Up to 83% subsidized medical payroll deductions.
Competitive dental and vision benefits.
401(k) with company match.
Pre‑tax transit and commuting benefits.
A robust health and wellness program – earn cash rewards and access resources that promote health, engagement, and balance.
Paid maternity and parental leave, as well as other family paid leave programs.
Company‑paid life, short‑term and long‑term disability insurance.
Health Savings Account and Healthcare and Dependent‑Care Flexible Spending.
Career development opportunities.
Empowerment to give back – volunteer hours and donation matching.
Eligibility may vary based on average number of hours worked.
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, such as race, color, national origin, religion, gender identity, sexual orientation, sex, age, disability, veteran or military status, genetic information, or any other protected characteristic. We strive to be a safe place to ask questions, build professional relationships, and develop careers.
Fair Chance Hiring Background checks, including questions related to infractions, arrests, or conviction records, will not be conducted until after a conditional offer of employment has been accepted. We consider qualified applicants regardless of arrest and conviction records, in accordance with federal, state, and local laws.
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Base salary range: $115,000 – $175,000 per year, plus discretionary bonus. Salary is based on relevant work experience and market data.
Department Overview GSE Underwriting is responsible for pre‑screening and underwriting all Fannie Mae and Freddie Mac loans.
The Impact You Will Have This position reports to the Deputy Chief Underwriter and serves as a senior member of the Underwriting Management Team.
Primary Responsibilities
Demonstrate an understanding of the history and function of Fannie Mae, Fannie Mae DUS, DUS Lenders, Freddie Mac and Freddie Mac Program Plus.
Manage, oversee, train, and develop members of the underwriting team and the underwriting process.
Structure, underwrite, monitor, and perform due diligence for multifamily housing products and transactions.
Evaluate and manage risk issues using a comprehensive risk‑management approach.
Develop and manage critical business relationships, cultivating favorable relationships with internal and external contacts.
Anticipate and resolve issues for customers and team members.
Demonstrate mastery of Freddie Mac and Fannie Mae methodology for building up Proforma income and expenses.
Maintain a high level of computer proficiency in Excel and Word.
Keep up‑to‑date with Freddie Mac and Fannie Mae Guides, implementing periodic updates for continuous improvement.
Conduct site visits to assess the condition and quality of multifamily projects, their management, and their marketplaces.
Review third‑party Appraisals, Engineering Reports, Seismic Reports, Phase I Environmental Assessments, and O&M Reports to assist underwriting teams.
Ensure Underwriting staff generates accurate and analytical Narratives for submission to the Loan Committee.
Work with Asset Management, Production, Closing, and other departments to monitor performance and refine benchmarks and metrics for portfolio evaluation.
Resolve deal‑specific issues in collaboration with Freddie Mac and Fannie Mae team members in a timely manner.
Frequent business travel is required.
Communicate and problem‑solve daily with teammates, clients, vendors, and other stakeholders, often in combination with travel.
Other skills related to building a career in Underwriting.
Perform other duties as assigned.
Attendance is generally required from 8:30 am to 5:30 pm local time, Tuesday through Thursday, with the option to work remotely on Mondays and Fridays.
Education and Experience
Bachelor’s degree preferred.
7+ years of work experience in commercial real‑estate finance with strong exposure to multifamily and extensive knowledge of the Fannie Mae DUS program required.
Knowledge, Skills, and Abilities
Demonstrated knowledge and experience in underwriting, including key industry players, trends, credit and sponsor‑related risks, and property operations.
Leadership experience with evidence of increasing responsibility, including at least five years of direct supervisory responsibility.
Analytical skills that enable quick evaluation of data, decisive action on imperfect information, and team support in transaction advancement.
Excellent interpersonal and presentation skills with the ability to communicate effectively with all management levels.
Commitment to innovation and change, taking initiative to accomplish improvement.
Ability to develop and execute solutions to complex issues and transactions.
Extensive multifamily experience across a wide range of financial and product executions.
Business‑management experience and the ability to lead deal close processes.
Knowledge of Fannie Mae’s DUS and Freddie Mac’s Program Plus products is required.
Ownership of work, willingness to tackle challenges, and patience in learning new processes.
Courtesy, respect, and thoughtfulness when collaborating with colleagues and stakeholders.
What We Offer
The opportunity to join one of Fortune Magazine’s Great Places to Work winners from 2015‑2023.
Comprehensive benefit options that have earned Walker & Dunlop the silver level of the 2022 Cigna Healthy Workforce Designation, including:
Up to 83% subsidized medical payroll deductions.
Competitive dental and vision benefits.
401(k) with company match.
Pre‑tax transit and commuting benefits.
A robust health and wellness program – earn cash rewards and access resources that promote health, engagement, and balance.
Paid maternity and parental leave, as well as other family paid leave programs.
Company‑paid life, short‑term and long‑term disability insurance.
Health Savings Account and Healthcare and Dependent‑Care Flexible Spending.
Career development opportunities.
Empowerment to give back – volunteer hours and donation matching.
Eligibility may vary based on average number of hours worked.
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, such as race, color, national origin, religion, gender identity, sexual orientation, sex, age, disability, veteran or military status, genetic information, or any other protected characteristic. We strive to be a safe place to ask questions, build professional relationships, and develop careers.
Fair Chance Hiring Background checks, including questions related to infractions, arrests, or conviction records, will not be conducted until after a conditional offer of employment has been accepted. We consider qualified applicants regardless of arrest and conviction records, in accordance with federal, state, and local laws.
#J-18808-Ljbffr