Senior Underwriter
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Responsibilities
- Provide training and mentoring to underwriters, analysts, processors, and other team members as needed.
- Collaborate with the Deputy Chief Underwriter to ensure compliance with the company's underwriting policies and procedures.
- Critically review borrower credit information, third-party reports, and property financial and physical data to assess whether the borrower and property meet program requirements.
- Draft and finalize the underwriting submission package, detailing the transaction's strengths and weaknesses, discussing risks and mitigants, and requesting any necessary waivers.
- Offer support and guidance during the closing process to ensure alignment with the major credit terms of the transaction.
- Stay updated on programs, policies, and legislation, including participating in regular training with Freddie Mac, Fannie Mae, and other funding providers.
- Engage in process improvements and technological enhancements to facilitate smooth deal execution.
- Other duties as assigned.
- We Stand for Excellence, so to achieve success in this role you should have:
Requirements
- Demonstrate comprehensive knowledge of products, guidelines, policies, and procedures.
- Exhibit exceptional credit judgment and decision-making skills, with proven technical expertise in underwriting, structuring, and closing complex transactions.
- Requires the ability to work independently with strong project management skills, excellent accuracy and attention to detail, and adaptability to industry changes.
- Proficient in Microsoft Office Suite.
- We believe People Matter, so we offer benefits that go beyond:
- Proven experience in affordable housing including LIHTC, Section 8, etc.
- Monthly paid volunteer hours and donation matching to benefit our communities
- Employee Resource Groups that help you grow with us
- Fertility and family planning services
- Up to 12-weeks of fully paid parental leave
- Mental health care, including free counseling sessions:
- We'll help you fund your learning journey with generous tuition reimbursement
- Pet insurance discounts
- And more!
- Be the Next Big Thing. Be Berkadia.
- #LI-HG1 #LI-HYBRID
Benefits
Additional Information
Are you looking for the opportunity to make an impact? The Senior Underwriter is responsible for analyzing and underwriting complex commercial real estate loan applications across a diverse range of assets. Additionally, the Senior Underwriter collaborates to establish operational processes that ensure efficient and timely execution of these transactions. Berkadia's mortgage banking platform is consistently ranked among Fannie Mae, Freddie Mac and HUD's top lenders and is seamlessly integrated with our investment sales and servicing platforms to provide superior client service. Let the strongest research, technology, capital relationships, and a nationwide network of industry professionals propel you to the next stage of your commercial real estate career. Be Backed by the Best. Be Berkadia. We Innovate to shape the future of CRE, so in this role you will:
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