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Merchants Capital · 2 weeks ago

Underwriting Analyst, GSE

Washington, DC

Full-time

Onsite

New Grad, Entry Level

Merchants Capital is a proven leader in financing for multifamily housing nationwide. The GSE Underwriting Analyst role involves performing due diligence for multifamily products and transactions, conducting market reviews, and assisting in crafting loan packages for committee review.

Customer ServiceFinanceFinancial Services

Responsibilities

Work with Underwriter(s) and perform due diligence for multifamily products and transactions

Input income and expense statements in order to determine maximum loan amounts

Conduct initial reviews of market areas, property and site characteristics

Complete initial review of borrower and management qualifications

Learn methodology for building up proforma income & expenses

Learning FNMA and FRE DUS Guide underwriting requirements along with reviewing any lender updates on an on-going basis

Conduct site visits to assess the condition and quality of multifamily projects, their management, and the market

Order and complete preliminary review of third-party reports including appraisals, engineering, seismic, Phase I environmental assessments, and operations & maintenance (O&M) plans

Maintain organized and fully documented underwriting files and managing underwriting checklists

Assist in crafting the DUS narratives/final loan packages for committee review

Communicate closely with the Underwriting team, Production, Closing, Insurance and others as appropriate to problem-solve deal issues

Assist in completing underwriting deliverables as part of the closing and submission of the loan to the investor