Underwriter

Walker & Dunlop structures financing solutions to meet your real estate investment needs.

An Underwriter is responsible for underwriting mortgages on income producing property in the company’s multi-family agency lines in order to support the achievement of the company’s loan production goals. The primary accountability is conducting a comprehensive and thorough analysis of each transaction which results in a prudent decision on whether or not to extend credit to a borrower. This is to be accomplished through the application of analytical techniques, research and pertinent underwriting guidelines through all stages of the underwriting process, including quotes, applications, underwriting, Loan Committee approval, closing and securitization or loan delivery.

**Quotes and Application:** * Assist Loan Officers and Regional Managers in issuing quotes and applications: preliminary estimate of NOI and determination of threshold issues to estimate debt service coverage and loan-to-value ratios. **Underwriting:** * After receipt of an application and fee from a borrower, the Underwriter is responsible for the underwriting process including the following: * Establish underwriting timeline in conjunction with the loan officer and closing coordinator. * Oversee generation of borrower’s checklist for the proper product type and introducing borrower to the information requirements; * Selecting contractors and initiation of the necessary third party reports for the underwriting process (e.g., appraisal, environmental, engineering); * Conducting a due diligence review of issues relating to the property’s market, location, condition, borrower and principal’s mortgage credit issues, property management and other issues relevant to risks identified in items collected from the borrower’s checklist. * Conduct a critical review and analysis of the appraisal, including a review of the market analysis, property description, real estate tax analysis, zoning analysis, and the comparable properties submitted. * Conduct a critical review and analysis of the engineering report and environmental reports plus additional reports included as part of the underwriting including, seismic studies, market studies, etc., as appropriate. * Conduct site and market visits * Summarize the transaction by preparing a presentation for the Loan Committee. * Additional duties and responsibilities may be assigned as required.

**Preferred** * Bachelors or better. **Required** * 3+ years of relevant experience, including a good working knowledge of market factors relevant to multifamily property, including occupancies, rent levels, expense items; experience working with appraisers, engineering/environmental firms. **Preferred** * Advanced degree or professional certification (e.g., MAI, CCIM).