Essential Duties and Responsibilities:
This is an entry level position in the Underwriting department. The primary role of this individual will be as a junior member of the Underwriting Team which consists of an Underwriter and Analyst. In this capacity, this individual will have the responsibility to:
Underwrite and perform due diligence for multifamily housing products and transactions.
Input income and expense statements in order to determine maximum loan amounts.
Conduct initial reviews of market areas, property and site characteristics.
Complete initial review of borrower and management qualifications.
Learn methodology for building up Proforma income and expenses.
Understand Part III of the DUS Guide and periodic updates on an on-going basis in order to cultivate continuous improvement.
Conduct site visits to assess the condition and quality of multifamily projects, their management, and their marketplaces.
Order and review third-party Appraisals, Engineering Reports, Seismic Reports, Phase I Environmental Assessments and Operations and Maintenance (O & M) Reports.
Maintain organized and fully documented Underwriting Files and maintain database on specific deals.
Assist in the crafting of the DUS Narratives for submission to Chief Underwriter.
Demonstrate responsibility for ensuring that the underwriting team goals and initiatives are completed in a timely manner and needed resources are available to accomplish results.
Work with Asset Management, Production, Closing and others as appropriate to closely monitor the performance and help develop and regularly refine benchmarks and metrics for evaluating the performance of the portfolio.
Education and Experience
Bachelor's degree (Business or Finance Degree preferred).
Previous experience within the real estate industry is preferred.
Able to demonstrate an understanding of the history and function of Fannie Mae, Fannie Mae DUS, and DUS Lenders.
Able and willing to travel overnight up to 25%.
Knowledge, Skills and Abilities:
A high level of computer proficiency in Microsoft Office (Word and Excel).
Demonstrated analytical skills with the ability to evaluate data quickly, make decisions based on imperfect data, and take action in order to assist the Team in moving its transactions forward.
Excellent interpersonal and presentation skills with strong work ethic to meet daily challenges of a fast-paced environment.
Demonstrated ability to develop and execute solutions to complex issues and transactions.
Walker & Dunlop is an equal employment opportunity employer and does not discriminate based on race, color, national origin, religion, gender identity, sexual orientation, sex, age, disability, veteran or military status, genetic information, or any other characteristic protected by applicable law.