Underwriting Analyst - (Richmond) in Richmond, Virginia For Sale
Group/Department: Hunt Mortgage Group – Conventional Underwriting Location: Washington, DC Title: Underwriting Analyst (Associate) Employment Type: Full-Time Classification: Exempt Job Description: The Analyst is responsible for processing and analytical duties in support of underwriting multifamily mortgage financing programs being offered by Hunt Mortgage Group. She or he must demonstrate attention to detail, strong organizing skills and analytical ability. The Analyst must show initiative and drive the document request, collection and underwriting process. While working in an independent and reliable manner, team work and effective communication will also be necessary for success. Responsibilities: Assist 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 loan files in SharePoint and save documentation in appropriate folders. Order and obtain reports and verifications from external parties. Input and analyze 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 appraisal, physical needs assessment, environmental assessment, seismic anyalysis, zoning and market reports from vendors, transfer data from reports into underwriting analysis workbook and narrative. Assist Underwriter in the preparation and submission of loan committee presentation, including drafting sections of the underwriting narrative (as assigned) and preparing maps, photos, etc. Assist with assembling loan package and delivering to Investors after closing. Process invoices for payment and prepare final accounting. Knowledge and Skills: Basic knowledge of financial statement analysis, general accounting, cash flows and mortgage interest calculations. Knowledge of real estate finance and/or investment real estate, particularly multifamily. 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 detail orientation. 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. Education/Experience: Bachelor’s degree in Finance, Accounting, Real Estate or Business Administration preferred. 2-3 years of commercial real estate experience required; multifamily strongly preferred. Experience with Fannie Mae and/or Freddie Mac Multifamily loan programs preferred.
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