Senior Underwriting Analyst

Department Overview

Walker & Dunlop’s Small Balance Group is a fully integrated lending platform specializing in debt executions and processes uniquely tailored to the private client multifamily market. As one of the nation’s top Freddie Mac Optigo® Small Balance Loan and Fannie Mae DUS® Small Loan lenders, our experts manage the origination, underwriting, funding, and servicing processes in-house and serve as a trusted advisor to our clients from quote, close, and beyond. At the forefront of technological innovation and process transformation at Walker & Dunlop, the Small Balance Group plays a critical role in shaping the organization’s future.

The Impact You Will Have

The primary role of this individual will be as a member of the Small Balance Group Underwriting Team which consists of Underwriters and Analysts.

Primary Responsibilities

• Collect and review the necessary due diligence items to assist the underwriter in closing each loan

• Conduct site visits to assess the condition and quality of multifamily properties

• Able and willing to travel as needed to perform necessary job duties including site inspections and client visits

• Interact with the borrower, broker and team members to provide updates as progress is made towards loan closing 

• Update the underwriting model as new operating data is received during the transaction process

• Conduct reviews of market areas, property and site characteristics

• Review of borrower and management qualifications

• Expand knowledge and expertise of Fannie Mae and Freddie Mac credit guidelines

• Order and review third-party Appraisals, Engineering Reports, Seismic Reports, Phase I Environmental Assessments and Operations and Maintenance (O & M) Reports

• Review third-party reports to determine any findings that could impact the proposed loan

• Maintain organized and fully documented underwriting files on loans in process

• Assist in the crafting of loan narratives for submission to the Chief Underwriter

• Ensure that the underwriting team goals and initiatives are completed in a timely manner

• Engage in post-closing activities as needed to ensure continued excellence in loan portfolio performance

• Communicate and problem-solve daily with teammates, clients, vendors, and other stakeholders, often in combination with travel

• Perform other duties as assigned

• Attendance is generally 8:30 am – 5:30 pm Monday through Friday with the ability to work up to 2 of those days remotely

Education and Experience

• Bachelor’s degree (Business or Finance Degree preferred)

• 3+ years of financial analyst experience with commercial real estate owner, broker, appraiser or financial institution required

• Experience with GSE Multifamily lending (Fannie Mae & Freddie Mac) preferred

• Excellent financial modeling skills including thorough knowledge of MS Excel

• Proficient in MS Word and Outlook

Knowledge, Skills and Abilities

• Detail oriented, organized and accurate

• Strong written and oral communication skills

• Ability to handle multiple tasks

• Passion for real estate

• Ability to work productively in time sensitive situations

• Good concept of financial analysis of income producing real estate

• Good organization and analytical skills

• Exhibit good teamwork and cooperation

• General understanding of all major commercial real estate product types with an emphasis on multifamily properties

• Ability to show ownership of your work, take on challenges and acknowledge growth opportunities, and demonstrate patience when learning new processes

• Courtesy, respect, and thoughtfulness in teaming with colleagues and other stakeholders

This position has an estimated base salary of $70,000 - $80,000 plus discretionary bonus. An employment offer is based on the applicant’s relevant work experience, applicable knowledge, skills, abilities, internal equity, and alignment with market data.

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