Underwriting Analyst

  • Competitive
  • Dallas, TX, USA Dallas TX US
  • Permanent, Full time
  • Hunt Mortgage Group
  • 16 Aug 18 2018-08-16

Underwriting Analyst

Position Summary
The Underwriting Analyst is responsible for processing and analytical duties in support of underwriting multifamily and commercial mortgage financing programs being offered by Hunt Mortgage Group's Proprietary Lending Group's programs, including floating rate bridge loans and fixed rate loans underwritten for investment through proprietary and/or conduit executions.
The Underwriting Analyst must demonstrate attention to detail, strong organizational skills, and analytical ability. The Underwriting Analyst must take the initiative to drive the document request, collection and underwriting process as well as independently analyze credit and financial information to determine the degree of risk associated with the loan. While working in an independent and reliable manner, team work and effective communication will also be necessary for success.

Essential Job Functions

  • Assists the Underwriter during the loan underwriting process by requesting, collecting, managing required documentation:
    • Prepare, distribute and maintain Due Diligence Checklists and Application Workbooks, updating regularly to meet target underwriting dates.
  • Collect, review, and advise underwriting team regarding receipt and status of all underwriting documentation.
    • Establish and maintain loan files. Retain and organize loan documentation in appropriate electronic data storage folders.
    • Order and obtain professional reports and verifications from external parties.
  • Inputs and analyzes data:
    • Verify and update property operating information in underwriting analysis workbook.
    • Upon receipt of borrower/sponsor financial statements, SREO, Underwriting Certificates, credit reports and investor database credit checks:
  • Review and notify Underwriter of any material issues;
  • Transfer data from reports to underwriting analysis workbook and narrative.
  • Upon receipt of professional reports (e.g. appraisal, engineering, environmental assessment, seismic analysis, zoning and market reports), transfer data into underwriting analysis workbook and narrative.
  • Assists the Underwriter in the preparation and submission of loan committee presentation, including drafting sections of the underwriting narrative as assigned and preparing exhibits.
  • Assists with assembling loan package and delivering to Investors after closing.
  • Processes invoices for payment and prepare final accounting.
  • Performs other duties as assigned.

Bachelor's degree in Finance, Accounting, Real Estate or Business Administration preferred.

Experience and Qualifications
  • One to three years of commercial real estate experience required; multifamily strongly preferred.
  • Experience with Fannie Mae and/or Freddie Mac Multifamily loan programs considered a plus, but not required.
  • Knowledge of financial statement analysis, general accounting, cash flows and mortgage interest calculations.
  • Knowledge of real estate finance and/or investment real estate, including multifamily, retail and office.
  • Highly analytical thinking with demonstrated talent for identifying, scrutinizing, improving, and streamlining complex work processes.
  • Results-driven achiever with exemplary planning and organizational skills, along with a high degree of attention to detail.
  • Exceptional listener and communicator who effectively conveys information verbally and in writing.
  • Resourceful team player who excels at building trusting relationships with clients and colleagues.
  • Applicable knowledge of Microsoft Office suite.

Other Skills
Requires a self-motivated individual who pays close attention to detail and who can prioritize in a fast-moving environment with excellent consulting, client management and business literacy skills. Takes initiative to identify and anticipate client needs and make recommendations for implementation. While working in an independent and reliable manner, team work and effective communication will also be necessary for success.