Underwriting Analyst - Affordable
Merchants Capital, Carmel, IN, United States
Description
The Underwriting Analyst is responsible for assisting with underwriting and due diligence processing for multifamily or healthcare financing programs offered by the Real Estate Investment team, including bridge loans and proprietary and/or conduit executions.
Job Type
Full-time
Responsibilities
The Underwriting Analyst must help underwriters make informed recommendations to the Investment Real Estate Loan Committee by: creating financial cash‑flow and valuation models, conducting guarantor analyses, performing due diligence tasks, and presenting a loan’s risks and mitigants under a wide range of scenarios to the Loan Committee.
Requirements
Prepares and reviews due diligence process, underwriting and valuation models.
Prepares and reviews Loan Committee memos consistent with Investment Real Estate’s requirements related to each loan program.
Summarizes historical property operations and proformas.
Performs credit and financial analysis of guarantors and sponsors.
Researches rent and expense comparables and market analyses.
Conducts real estate tax verification and analysis.
Reviews third‑party reports including property appraisals, physical needs assessments, and environmental reports.
Acts as a conduit for credit, originators, and the due diligence process.
Responsible for aiding in training and mentorship for other analysts.
Travels to perform property inspections and market evaluations.
Performs other duties and projects as assigned.
Works professionally and harmoniously with team and coworkers.
Expected Experience, Skills and Education
Bachelor’s degree from an accredited college or university with a focus in Finance, Business or Real Estate or related field preferred.
Zero to three years of multifamily agency/bridge underwriting experience.
Experience with HUD, Fannie Mae and/or Freddie Mac Multifamily loan programs preferred.
Understanding of bridge, conduit, CMBS and bank underwriting standards for loans secured by multifamily or healthcare preferred.
Strong credit mindset, ideally with experience in credit training.
Ability to read, analyze and interpret complex documents and financial statements.
Highly analytical thinking with demonstrated talent for identifying, scrutinizing, improving, and streamlining complex work processes and risks.
Applicable knowledge of Microsoft Office suite.
Our Benefits
Merchants offers a comprehensive package of benefits for eligible employees, including, but not limited to: 401(k) employer contributions; employee stock ownership plan (ESOP); medical, dental and vision insurance; various types of leaves of absence, including paid time off, paid holidays, paid leave as provided under state and local paid leave laws, and short‑term and long‑term disability; health savings accounts (HSAs), flexible spending accounts (FSAs), dependent care and commuter reimbursement accounts; employee and dependent life insurance and supplemental life and AD&D insurance; telehealth, optional ancillary insurance policies, education assistance, and an employee assistance program. Eligibility for benefits is governed by the applicable plan documents and policies.
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The Underwriting Analyst is responsible for assisting with underwriting and due diligence processing for multifamily or healthcare financing programs offered by the Real Estate Investment team, including bridge loans and proprietary and/or conduit executions.
Job Type
Full-time
Responsibilities
The Underwriting Analyst must help underwriters make informed recommendations to the Investment Real Estate Loan Committee by: creating financial cash‑flow and valuation models, conducting guarantor analyses, performing due diligence tasks, and presenting a loan’s risks and mitigants under a wide range of scenarios to the Loan Committee.
Requirements
Prepares and reviews due diligence process, underwriting and valuation models.
Prepares and reviews Loan Committee memos consistent with Investment Real Estate’s requirements related to each loan program.
Summarizes historical property operations and proformas.
Performs credit and financial analysis of guarantors and sponsors.
Researches rent and expense comparables and market analyses.
Conducts real estate tax verification and analysis.
Reviews third‑party reports including property appraisals, physical needs assessments, and environmental reports.
Acts as a conduit for credit, originators, and the due diligence process.
Responsible for aiding in training and mentorship for other analysts.
Travels to perform property inspections and market evaluations.
Performs other duties and projects as assigned.
Works professionally and harmoniously with team and coworkers.
Expected Experience, Skills and Education
Bachelor’s degree from an accredited college or university with a focus in Finance, Business or Real Estate or related field preferred.
Zero to three years of multifamily agency/bridge underwriting experience.
Experience with HUD, Fannie Mae and/or Freddie Mac Multifamily loan programs preferred.
Understanding of bridge, conduit, CMBS and bank underwriting standards for loans secured by multifamily or healthcare preferred.
Strong credit mindset, ideally with experience in credit training.
Ability to read, analyze and interpret complex documents and financial statements.
Highly analytical thinking with demonstrated talent for identifying, scrutinizing, improving, and streamlining complex work processes and risks.
Applicable knowledge of Microsoft Office suite.
Our Benefits
Merchants offers a comprehensive package of benefits for eligible employees, including, but not limited to: 401(k) employer contributions; employee stock ownership plan (ESOP); medical, dental and vision insurance; various types of leaves of absence, including paid time off, paid holidays, paid leave as provided under state and local paid leave laws, and short‑term and long‑term disability; health savings accounts (HSAs), flexible spending accounts (FSAs), dependent care and commuter reimbursement accounts; employee and dependent life insurance and supplemental life and AD&D insurance; telehealth, optional ancillary insurance policies, education assistance, and an employee assistance program. Eligibility for benefits is governed by the applicable plan documents and policies.
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