Colliers
Multifamily Underwriter - Fannie Mae DUS
Colliers Mortgage seeks an Underwriter to join our Agency Credit Underwriting team. The role involves underwriting loan transactions within Agency multifamily guidelines and training Underwriting Analysts.
Remote work
within the contiguous United States will be considered for well-qualified candidates.
Location:
Austin, TX.
Summary
Underwriters are responsible for the underwriting of loan transactions within Agency multifamily guidelines as well as providing training to Underwriting Analysts. As part of the underwriting process, the Underwriter reviews and determines the eligibility of the proposed commercial loan through analysis of credit, experience, market information, operating history, and property condition.
Essential Duties And Responsibilities
Evaluate the credit risk of prospective loan and sponsor, while developing and maintaining a strong understanding of the Fannie Mae Multifamily Selling and Servicing guidelines
Complete analysis within the prospective commercial loan financial model with rent rolls, budgets, operating statements and third-party report conclusions
Prepare thorough narrative summarizing commercial loan terms, the property, the market, the sponsorship, and overall strengths and risks of the transaction
Perform in-person property/site inspections and complete lease audits verifying property operations
Conduct market research to evaluate comparable properties and local market trends, utilizing CoStar and third-party appraisal reports
Recognize and analyze industry trends, including current economic conditions, interest rate environment, and demographic trends
Review and approve third party reports including, but not limited to appraisals, property condition assessments, environmental site assessments (phase 1 and 2) and zoning reports
Manage and maintain underwriting due diligence checklist
Coordinate and present Loan Committee packages
Communicate closely with loan production and capital markets teams to ensure a timely rate lock and closing
Manage loans via the Fannie Mae DUS Gateway system to submit waivers and/or loan options
Compile all required final documents, including but not limited to committee package, certifications, and third-party reports, for securitization
Other duties as assigned
Job Requirements
3+ years of experience in commercial/multifamily loan underwriting/credit analysis
Intricate knowledge of the Fannie Mae DUS Multifamily Selling and Servicing Guide
Completion of the Mortgage Bankers Association (MBA) School of Multifamily Property Inspections course
Exceptional written and verbal communication skills required
Exceptional Microsoft Office skills required with some advanced financial and data manipulation functions in Microsoft Excel preferred
Bachelor’s Degree required
Job Expectations
Regular and reliable attendance required
Monthly domestic travel for site visits
Benefits
We offer a comprehensive benefits package for employees and their families including medical and dental plan; 401(k) plan including company matching; firm funded life and disability insurance.
Direct applicants only please; no agencies.
Colliers provides equal employment opportunity to all persons. No employee or applicant for employment will be discriminated against because of race, creed, origin, marital status, sexual orientation, age, otherwise qualified disabled or veteran status or any other characteristic protected by law. If you are a qualified applicant who requires reasonable accommodation to complete a job application, pre‑employment testing, a job interview or to otherwise participate in the hiring process, please contact accommodations@colliers.com.
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Remote work
within the contiguous United States will be considered for well-qualified candidates.
Location:
Austin, TX.
Summary
Underwriters are responsible for the underwriting of loan transactions within Agency multifamily guidelines as well as providing training to Underwriting Analysts. As part of the underwriting process, the Underwriter reviews and determines the eligibility of the proposed commercial loan through analysis of credit, experience, market information, operating history, and property condition.
Essential Duties And Responsibilities
Evaluate the credit risk of prospective loan and sponsor, while developing and maintaining a strong understanding of the Fannie Mae Multifamily Selling and Servicing guidelines
Complete analysis within the prospective commercial loan financial model with rent rolls, budgets, operating statements and third-party report conclusions
Prepare thorough narrative summarizing commercial loan terms, the property, the market, the sponsorship, and overall strengths and risks of the transaction
Perform in-person property/site inspections and complete lease audits verifying property operations
Conduct market research to evaluate comparable properties and local market trends, utilizing CoStar and third-party appraisal reports
Recognize and analyze industry trends, including current economic conditions, interest rate environment, and demographic trends
Review and approve third party reports including, but not limited to appraisals, property condition assessments, environmental site assessments (phase 1 and 2) and zoning reports
Manage and maintain underwriting due diligence checklist
Coordinate and present Loan Committee packages
Communicate closely with loan production and capital markets teams to ensure a timely rate lock and closing
Manage loans via the Fannie Mae DUS Gateway system to submit waivers and/or loan options
Compile all required final documents, including but not limited to committee package, certifications, and third-party reports, for securitization
Other duties as assigned
Job Requirements
3+ years of experience in commercial/multifamily loan underwriting/credit analysis
Intricate knowledge of the Fannie Mae DUS Multifamily Selling and Servicing Guide
Completion of the Mortgage Bankers Association (MBA) School of Multifamily Property Inspections course
Exceptional written and verbal communication skills required
Exceptional Microsoft Office skills required with some advanced financial and data manipulation functions in Microsoft Excel preferred
Bachelor’s Degree required
Job Expectations
Regular and reliable attendance required
Monthly domestic travel for site visits
Benefits
We offer a comprehensive benefits package for employees and their families including medical and dental plan; 401(k) plan including company matching; firm funded life and disability insurance.
Direct applicants only please; no agencies.
Colliers provides equal employment opportunity to all persons. No employee or applicant for employment will be discriminated against because of race, creed, origin, marital status, sexual orientation, age, otherwise qualified disabled or veteran status or any other characteristic protected by law. If you are a qualified applicant who requires reasonable accommodation to complete a job application, pre‑employment testing, a job interview or to otherwise participate in the hiring process, please contact accommodations@colliers.com.
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