Associate Underwriter Bellwether Enterprise Bellwether Enterprise 6 reviews

Bellwether Enterprise is a national, full-service commercial and multifamily mortgage banking company that puts people and communities first. Our people are our greatest assets and create the work environment that makes Bellwether Enterprise a place of growth, productivity, and ingenuity. We implore you to explore the many career opportunities we have available here at Bellwether Enterprise!

Job Description

This is an opportunity to join Bellwether’s Freddie Mac and Fannie Mae Agency underwriting team. The hired candidate will assist the underwriting team with credit, market and underwriting analysis of multifamily loans. The position will afford the incumbent with an excellent opportunity to gain entry to the multifamily real estate industry and develop a niche skill set with growth opportunities. The position requires analytical and quantitative reasoning skills.

PRIMARY JOB FUNCTIONS:

  • Input property level profit and loss statements and project rent rolls for reconciliation and analysis
  • Learn Agency program rules and industry standards to develop underwritten pro-forma projections for net cash flow for multifamily assets
  • Order and critically analyze third party appraisals, property condition reports, and phase I environmental, and seismic for agency program compliance
  • Complete market analysis to determine trends in income, demographics, rents and occupancy levels
  • Develop understanding of Fannie Mae and Freddie Mac multifamily standards and processes
  • Assist underwriter with preparation of loan committee narrative submissions and Freddie Mac submissions
  • Assist underwriting team in the preparation of all deliverables in connection with loan closings
  • Complete project site inspections to assess quality, condition, and position within a competitive set for proposed collateral
  • Additional ad hoc financial analysis as required
  • Interface with underwriting staff, production staff, and external parties in a professional manner
  • Travel Required <20%

QUALIFICATIONS:

  • Bachelor’s Degree in Business or Finance required
  • 2+ years business experience in finance or real estate preferred
  • Multifamily Experience and prior experience in a professional work environment is a plus
  • Strong proficiency with Microsoft Word and Microsoft Excel
  • Ability to operate effectively in a team environment and collaborate well with multiple parties
  • Ability to problem-solve, exercise a high degree of accuracy and complete multiple tasks on schedule
  • Excellent written and verbal communication skills

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