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Colliers · 3 days ago

Multifamily Underwriter - Fannie Mae DUS

Austin, TX

Full-time

Hybrid

Mid Level

3+ years exp

Colliers is a leading company in the real estate industry, and they are seeking a Multifamily Underwriter to join their Agency Credit Underwriting team. The Underwriter will be responsible for evaluating loan transactions, analyzing credit risks, and providing training to Underwriting Analysts while ensuring compliance with Fannie Mae guidelines.

Commercial Real EstateProperty ManagementReal Estate

Responsibilities

Evaluate the credit risk of prospective loan and sponsor, while developing and maintaining a strong understanding of the Fannie Mae Multifamily Selling and Servicing guidelines

Complete analysis within the prospective commercial loan financial model with rent rolls, budgets, operating statements and third-party report conclusions

Prepare thorough narrative summarizing commercial loan terms, the property, the market, the sponsorship, and overall strengths and risks of the transaction

Perform in-person property/site inspections and complete lease audits verifying property operations

Conduct market research to evaluate comparable properties and local market trends, utilizing CoStar and third-party appraisal reports

Recognize and analyze industry trends, including current economic conditions, interest rate environment, and demographic trends

Review and approve third party reports including, but not limited to appraisals, property condition assessments, environmental site assessments (phase 1 and 2) and zoning reports

Manage and maintain underwriting due diligence checklist

Coordinate and present Loan Committee packages

Communicate closely with loan production and capital markets teams to ensure a timely rate lock and closing

Manage loans via the Fannie Mae DUS Gateway system to submit waivers and/or loan options

Compile all required final documents, including but not limited to committee package, certifications, and third-party reports, for securitization

Other duties as assigned

Qualification

Fannie Mae DUS guidelinesCommercial loan underwritingCredit analysisMicrosoft ExcelBachelor’s DegreeProperty inspectionsWritten communicationVerbal communication