Underwriting Analyst
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Job Description
Underwriting Analyst modeling and reviewing multifamily real estate loans for JLL, a global commercial real estate and investment management company. Supporting agency underwriting, inspections, due diligence, closing, and borrower relationships.
Responsibilities:
- Learn and apply Fannie Mae and Freddie Mac multifamily financing programs and underwriting responsibilities
- Perform complex financial modeling of multifamily transactions using operating statements, rent rolls, pro-forma NOI, market data, and comparable data
- Review third-party reports including appraisals, physical condition assessments, architectural/cost, market, environmental, and zoning reports
- Access, assimilate, and interpret internal and external database information relevant to loan underwriting
- Review leases, loan document schedules, and other real estate documents for transaction risks
- Complete sections of the underwriting model and author sections of the underwriter narrative
- Review borrower documentation for completeness and accuracy and report concerns to the underwriting team
- Conduct and lead multifamily asset and submarket inspections, meeting with borrower representatives and management
- Assist with guide compliance, underwriting and closing timelines, and outstanding due diligence
- Coordinate with underwriters, vendors, closing teams, originators, borrowers, and Fannie Mae/Freddie Mac personnel
- Analyze borrower ownership structures for compliance with underwriting guidelines
- Communicate loan status updates and participate in internal and external deal team calls
- Review and stay current on agency guidelines and perform other duties assigned by management
- Build client relationships and support customer satisfaction and retention
Requirements:
- Undergraduate degree in a business-related field such as Finance, Accounting, Real Estate, or Business
- Knowledge of Microsoft Office, especially Excel, Word, Outlook, and Teams
- Willingness and ability to learn new technology
- Ability to work independently, unsupervised, and as part of a team
- Excellent organizational, interpersonal, quantitative, writing, and communication skills
- Ability to interface with clients, including top-level executives
- Strong time management skills and ability to work under demanding deadlines
- Excellent attention to detail and ability to audit own work
- Strong writing skills and ability to communicate analytical and market data effectively
- Strong research, analytical, and problem-solving skills
- Ability to analyze qualitative and quantitative information
- Ability to travel as needed
- Ability to physically inspect residences, common areas, and comparable properties, including extended standing/walking and climbing stairs
- Real estate background, such as internships or real estate clubs, preferred
- Familiarity with Fannie Mae DUS and Freddie Mac multifamily loan processes preferred
- Must be authorized to work in the United States without visa sponsorship
Benefits:
- 401(k) plan with matching company contributions
- Comprehensive Medical, Dental & Vision Care
- Paid parental leave at 100% of salary
- Paid Time Off and Company Holidays
- Early access to earned wages through Daily Pay
- Supportive culture and comprehensive benefits package prioritizing mental, physical and emotional health
- Training programs including underwriting and processing concepts, mortgage credit analysis, commercial appraisal review, and physical capital needs and environmental site assessments
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