Underwriting Manager Underwriting Manager …

Selby Jennings
in Washington D.C., DC, United States
Permanent, Full time
Be the first to apply
USD130000 - USD150000 per year
Selby Jennings
in Washington D.C., DC, United States
Permanent, Full time
Be the first to apply
USD130000 - USD150000 per year
Oversee an underwriting team for the Multifamily platform, specifically for Government Sponsored Entities (i.e. Fannie Mae, Freddie Mac, etc.). This role will be focused on small loan businesses including small Fannie Mae Conventional and Ch. 9 Small Loans, and Freddie Mac SBL.
  • Fully understands the procedural aspect of underwriting Agency Loans from application to delivery and can accurately detail this out to stakeholders within the deal team
  • Correctly identifies all waivers/exceptions and risks associated with the transactions and provides mitigated recommendation
  • Navigates and takes deal ownership through the underwriting process
  • Field questions, review work, and provide deal guidance with Junior Managers and Underwriters through the underwriting process and prior to approval
  • Underwrite transactions while leading and leveraging a team to enhance transactions underwriting efficiency
  • Mentor and train underwriting team
  • Interprets Fannie Mae/Freddie Mac product sheets, underwriting parameters, and underwrites all transaction types, including fixed, floating, supplemental, MHC, and credit facilities, etc.
  • Higher-level external exposure to brokers, borrowers, lender counsel, and agency counterparts
  • Ability to underwrite complex transactions with simple to complicated borrower structures and unique property or market characteristics
  • Develops and foster relationships with agency counterparts
  • Presents ideas for policy and process improvements to their manager
  • Partner with Closing and lender counsel in the review and approval of loan documentation to ensure the documents meet agreed-upon business terms and satisfy the specific requirements of the appropriate credit approval authority.
  • Foster open dialogue and strong working relationships with Asset Management, Servicing, and Closing, and other groups that support and review the line of business.
  • Remain current on all bank compliance regulatory policies and procedures and on all pending and proposed regulatory changes affecting bank compliance.

Basic Qualifications:

  • Bachelor's Degree OR Military Experience
  • At least 5 years of experience in Multifamily Agency lending
  • At least 5 years of experience in Fannie Mae Multifamily underwriting

Preferred Qualifications:

  • At least 7 years of experience in Multifamily Agency Lending
  • At least 7 years of experience in Fannie Mae and Freddie Mac Multifamily underwriting
  • At least 3 years of experience in Small Balance Loan Multifamily underwriting
  • At least 5 years of experience managing a team of three or more
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