Job Description: :
Members of the multifamily underwriting team provide support and analysis to relationship managers and department initiatives across the firm. Supports the credit team in completing the due diligence process used in making a prudent decision on whether or not to proceed with such items as extension of credit to a borrower and the submission of an application for mortgage insurance to HUD or loan applications to the internal credit approval process. The ultimate objective of the group is to contribute to the process of making a recommendation to the Underwriting Manager (Deputy Chief Underwriter (DCU) or Chief Underwriter (CU)) regarding underwriting approval.
Participate in review of preliminary transaction information to assess feasibility of proposed transactions.
Collect information regarding prospective borrower credit profile and upload data in applicable systems and populate information of the appropriate forms/templates.
Prepare and process various types of application exhibits and checklists or the different product type
Assist in the analysis of financial statements, determination of supportable mortgage amounts, conduct interest rate sensitivity analysis Conduct follow up on delivery of information from the borrower and loan participants
Verify credit information of loan participants
Provide review on loan amount, sources & uses, and terms and conditions of the financing loans for multifamily, healthcare and senior living, etc.
Assist in compiling all relevant property and borrower information and analysis into a completed underwriting package
Assist with the preparation of the closing package for the closing team
Undergraduate degree in Business, Finance, or Accounting or related business experience
1 to 2 years of finance or accounting or related work experience
Analytical, problem-solving skills and cash flow modeling skills
Solid verbal and written communication skills, organization, planning, prioritization and detail orientation skills
Ability to work well under pressure and within tight time constraints
Possess Excel skills
Eligible to manage or perform loan origination or servicing functions under Mortgage Investor or government agency guideline requirements
Bachelor's degree preferred
Basic knowledge of credit risk management at financial institutions, some real estate related courses
An understanding of real estate valuation techniques
Experience in Commercial Real Estate finance, construction or leasing
Intermediate Excel modeling
Systems adaptability and exposure to various applications
Equal Opportunity Employer: SunTrust supports a diverse workforce and is a Drug Testing and Equal Opportunity Employer. SunTrust does not discriminate against individuals on the basis of race, creed, color, gender, religion, national origin, age, disability, veteran status, pregnancy, marital status, citizenship status, sexual orientation, gender identity, genetic information, or any other classification protected by applicable laws.
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