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Wisconsin Housing and Economic Development Authority (WHEDA) · 19 hours ago

Commercial Lending Analyst - Underwriter

Madison, WI, US

Full-time

Hybrid

Entry, Mid Level

$60K/yr - $74K/yr

1+ years exp

Wisconsin Housing and Economic Development Authority (WHEDA) serves Wisconsin residents and communities by providing financial and technical resources to stimulate affordable housing and economic development. They are seeking a Commercial Lending Analyst - Underwriter to perform underwriting and evaluate financial and non-financial information for multifamily lending and economic development projects.

Responsibilities

Obtain and analyze extensive and pertinent financial and non-financial data about the borrower and the proposed project for a given product line (Multifamily, LIHTC or Economic Development projects). Ensure consistent parameters are applied to all applications and identify variances. Work in conjunction with senior staff members to evaluate risks associated with WHEDA’s policies and procedures and prepare recommendations

Perform due diligence on loan applications; identify gaps and work in concert with other staff members to identify solutions to resolve issues. Prepare related documents and maintain related systems

Assist in developing and delivering written summary and oral presentations including detailed financial analysis and recommendations for approval to appropriate loan committees. Work closely with the management and other staff members to ensure consistency, accuracy of work product and compliance with WHEDA’s policies and procedures

Review and document approval of loan closing due diligence items; assist in loan closings and conversions; perform tax credit related tasks for assigned projects. Underwrite and score LIHTC and other applications

Develop/use/maintain a thorough working knowledge of WHEDA, State and Federal programs and resources to serve customer needs. Work collaboratively within the Commercial Lending team to identify potential opportunities for process improvements, documentation, and communication

Participate in development and implementation of policies and procedures. Participate in the development, testing, and implementation of new products or systems

Assist in preparation of a variety of management reports related to lending activities. Support Management during regulatory exams, external and internal audits, and reviews

Performs or assists in other duties as assigned

Qualification

Underwriting principlesRisk assessmentLoan documentationCredit report reviewCost-benefit analysisMS Office proficiencyCustomer serviceProblem solvingAttention to detailCommunication skills

Required

Bachelor's Degree in business, real estate, finance, or related field and one to three years of real estate experience; or an equivalent combination of education and experience sufficient to successfully perform the essential duties of the job listed above

Valid Driver's License Required

Underwriting principles and practices

Loan application documentation and processing procedures

Credit report review principles and practices

Risk assessment principles and practices

Analyzing problems and recommending appropriate solutions

Providing customer service

Conducting multiple tasks simultaneously

Analyzing property third party reports such as market study, appraisals, capital needs reports

Preparing reports and making presentations

Gathering appropriate data for approval and denial decisions for loans

Applicable Federal, State, and local laws, rules, and regulations