Underwriting Manager

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Job description

• 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