Underwriting Analyst

Company:  Arbor Realty Trust
Location: Atlanta
Closing Date: 01/11/2024
Hours: Full Time
Type: Permanent
Job Requirements / Description
Job Purpose
The Underwriting Analyst will be responsible for assisting the Underwriter/Senior Underwriter with the Underwriting of loans under various Agency (Fannie Mae & Freddie Mac) financing programs.
Essential Job Functions (Duties/Responsibilities)
The Underwriting Analyst will have the following duties and responsibilities, including but not limited to:
  • Collect, package, review and reconcile loan application documents including financial/credit exhibits under various underwriting programs
  • Order and perform the preliminary review of all third party reports (appraisal, inspection and environmental) for compliance with guidelines
  • Underwrite Multifamily Loans in accordance with (GSE) Fannie Mae and (GSE) Freddie Mac Agency guidelines and requirements, while adhering to established timelines
  • Prepare thorough Underwriting Narrative and Loan Calculation Worksheet for presentation to Arbor's Loan Committee to evaluate creditworthiness
  • Collect, analyze, and approve all required due diligence for Multifamily loans specific to either Fannie Mae or Freddie Mac
  • Formulate Net Operating Income in accordance with GSE Guidelines using sponsor submitted operating data and appraisal proforma data
  • Review and analysis of loan application documents including:
    • Financial/credit exhibits
    • Review of all third party technical reports for Underwriting
  • Liaise with Arbor's upper management and Origination staff, along with and GSE Representatives as necessary
  • Assist the underwriter in Preparing and presenting comprehensive loan approval package to credit committee
  • Perform property and market inspections to evaluate property conditions and market/submarket dynamics
Qualifications
Education: Bachelor's degree in Finance, Economics or a related discipline and have a familiarity with the terms and concepts of real estate finance.
Experience: Minimum of one year experience with multifamily loan processing, analysis and/or underwriting experience
Knowledge/Skills/Abilities:
  • Experience in the real estate or mortgage banking/finance industry
  • Ability to problem-solve and exercise independent judgment while displaying a high degree of initiative and accuracy
  • Demonstrated ability to organize & prioritize projects; complete multiple tasks on schedule
  • Hard working, a quick study, detail oriented and have the ability to work alone as well as with others to reach a common goal
  • Proficient in Microsoft Office, especially in Excel and Word
  • Strong work ethic and pro-active team player able to work effectively in a fast-paced environment
  • Possess excellent analytical, communication, organizational and multi-tasking skills
  • Must be able to mentor and train junior staff
Apply Now
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