VP Conventional Underwriting

Job Description

Position Summary

Reporting to a Deputy Chief Underwriter, the Vice President is responsible for reviewing, inspecting, and underwriting multifamily agency loan applications, primarily for Freddie Mac and Fannie Mae conventional loan programs. The VP will make informed recommendations to the Hunt Real Estate Capital Credit Officer as well as provide guidance and assistance on agency loan assumptions, as needed. Participates in ad hoc internal committees.

Essential Job Functions

• Prepares loan analyses and narratives consistent with Fannie Mae and Freddie Mac. requirements.
• Demonstrates ability to prepare and deliver Freddie Mac CME submissions.
• Summarizes historical property operations.
• Performs credit and financial analysis of key sponsors.
• Reviews and approves third party reports including property appraisals, physical needs assessments, environmental reports and zoning reports.
• Considerable travel involved to perform property inspections and market evaluations.
• When requested by the DCU, review loan screening packages from producers to ensure transaction terms are consistent with Fannie Mae and Freddie Mac requirements.
• Keeps up with industry trends and products being offered by competitors.
• Performs other duties and projects as assigned.

Education

Bachelor’s degree Accounting, Finance, Economics, Real Estate, or other related fields from an accredited college/university.

Experience and Qualifications

• Minimum of five years’ experience in multifamily agency underwriting experience.
• Preferably two – three years of recent experience with Freddie Mac CME underwriting submissions.
• Through knowledge and understanding of Fannie Mae DUS and Freddie Mac CME multifamily loan programs and underwriting requirements.
• Ability to read, analyze, and interpret complex legal documents and financial statements.
• Highly analytical thinking with demonstrated talent for identifying, scrutinizing, improving, and streamlining complex work processes.
• Results driven achiever with exemplary planning and organizational skills, along with high degree of detail orientation.
• Ability to interact and effectively communicate with internal and external customers, including loan analysts, senior management, borrowers, and vendors.
• Resourceful team player who builds trusting relationships with clients and colleagues.
• Proficiency in Microsoft Office, including strong Excel, Word, and other computer programs as needed.
• Ability to interact well with colleagues and clients.
• Proactive team player, able to work effectively under sometimes stressful conditions.

Other Skills

Requires a self-motivated, team player who has strong work ethic, demonstrates attention to detail and ability to prioritize in a fast-moving environment with excellent management and business literacy skills. Ability to work on multiple projects simultaneously, managing time and resources to ensure work is completed efficiently to and within established timeframes.  Positive personality with a proven ability to analyze real estate transactions. Able to prioritize and follow through on opportunities; ability to work effectively in both a team environment and independently as required. High level of personal accountability.     

EEO/ADA

Hunt provides equal employment opportunity to all individuals regardless of their race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.