Veritas Partners ยท 1 week ago
Commercial Real Estate Underwriter (Multifamily GSE)
United States
Full-time
Remote
Senior Level
$140K/yr - $175K/yr
7+ years expVeritas Partners is a well-established REIT seeking an experienced Multifamily GSE Underwriter to join their team. The role involves underwriting multifamily loans in accordance with Freddie Mac Agency guidelines, mentoring junior staff, and ensuring compliance with various underwriting programs.
Human ResourcesRecruitingStaffing Agency
Responsibilities
Collect, package, review and reconcile loan application documents including financial/credit exhibits under various underwriting programs
Order and perform the preliminary review of all third party reports (appraisal, inspection and environmental) for compliance with guidelines
Underwrite Multifamily Loans in accordance with Freddie Mac Agency guidelines and requirements, while adhering to established timelines
Prepare thorough Underwriting Narrative and Loan Calculation Worksheet for presentation to Loan Committee to evaluate creditworthiness
Collect, analyze, and approve all required due diligence for Multifamily loans specific to Freddie Mac
Formulate Net Operating Income in accordance with GSE Guidelines using sponsor submitted operating data and appraisal proforma data
Review and analysis of loan application documents including: Financial/credit exhibits; Review of all third party technical reports for Underwriting
Liaise with upper management and origination staff, along with GSE Representatives as necessary
Mentor and train junior staff
Perform property and market inspections to evaluate property conditions and market/submarket dynamics
Qualification
Required
7+ years of multifamily agency underwriting experience
Extensive Freddie Mac Conventional deal exposure
Bachelor's degree
Working knowledge of agency Underwriting guidelines, title, survey and legal descriptions
Ability to problem-solve and exercise independent judgment while displaying a high degree of initiative and accuracy
Demonstrated ability to organize & prioritize projects; complete multiple tasks on schedule
Hard working, a quick study, detail oriented and have the ability to work alone as well as with others to reach a common goal
Proficient in Microsoft Office, especially in Excel and Word
Possess excellent analytical, communication, organizational and multi-tasking skills
Must be able to mentor and train junior staff
Preferred
Prior experience working directly at Freddie Mac
Company
Veritas Partners
Veritas Partners is a boutique recruiting firm specializing in professional and executive talent acquisition.
2-10 employees
Funding
Current Stage
Early StageLeadership Team
Joe Tamberrino
CEO and Founding Partner
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