Senior Underwriter (Commercial Multifamily)

The Opportunity

The Senior Underwriter is responsible for analyzing and underwriting potential loans on complex commercial real estate loan applications across a broad spectrum of assets.  In addition, the Senior Underwriter works closely with the Deputy Chief Underwriter in the establishment of operational processes associated with efficiently and expeditiously executing these transactions.

Responsibilities

  • Provide training and mentoring internally to other underwriters, analysts, processors, and other team members as needed.
  • Work with the Deputy Chief Underwriter to ensure adherence to the Company’s policies and procedures associated with its underwriting standards.
  • Critically review borrower credit information, third party reports, property financial and physical information to determine whether the borrower and property meet program requirements.
  • Draft and finalize the underwriting submittal package, which includes describing the transaction’s strengths and weaknesses, discussing risks and mitigants, and requesting any associated waivers.
  • Provide necessary support and direction during the closing process to assure conformity with the major credit terms of the transaction.
  • Remain current on programs, policies, and legislation, including participation in regular training with Freddie Mac, Fannie Mae, and other funding providers.
  • Participate in process improvements and technological enhancements that facilitate smooth deal execution.
  • Other duties as assigned.

What it takes to be successful in this role

  • Bachelor’s degree or equivalent
  • Five to seven years prior experience in a similar position 
  • Possess thorough knowledge of GSE products, guidelines, policies, and procedures.
  • Exceptional credit sense, judgment, and decision-making skills, with demonstrable technical skills in underwriting, structuring, and closing complex deals.
  • Requires an independent worker with strong project management skills, excellent accuracy and attention to details, and an ability to adjust to industry changes.
  • Must be proficient in MS Office Suite.
  • Current DUS and Multi Family experience 

#LI-MP  #LI-Remote

Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Powered by deep relationships and industry-changing technology, our people sell, finance, and service commercial real estate, providing support for the entire life cycle of our clients’ assets. Our unique ownership structure allows us to put the client’s interests first and creates a marketplace that delivers a superior experience.

Berkadia complies with the law regarding reasonable accommodations for disabled applicants.  Applicants who require reasonable accommodations to participate in the interview process should contact Emma.Petersen@berkadia.com to arrange for such accommodations.

Berkadia is an Equal Opportunity employer and complies with all applicable Federal, State and local laws concerning discrimination in employment.  No question in this Application is intended to elicit information in violation of any such law, nor will any information obtained in response to any question be used in violation of any such law.

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