Multifamily Underwriter - Fannie Mae DUS

Make your next move an expert one.

At Colliers it's not our success that sets us apart, it's how we achieve it. Our people are passionate, take ownership and always do what's right for our clients, people and communities.

Why Colliers?

Our enterprising environment needs your expertise to facilitate Colliers' continued growth as an industry leader. Our nimble, decentralized culture can provide you with a wealth of opportunities to learn about our business and quickly gain experience to accelerate your career.

***This position will initially be remote/work from home. However, this role must reside in the Dallas/Fort Worth metroplex. Out of market candidates not willing to relocate at their own expense will not be considered. ***

SUMMARY

Colliers Mortgage is seeking an Underwriter as a member of our Agency Credit Underwriting team. Underwriters are responsible for the underwriting of loan transactions within Agency multifamily guidelines as well as providing training to Underwriting Analysts. As part of the underwriting process, the Underwriter reviews and determines the eligibility of the proposed commercial loan through analysis of credit, experience, market information, operating history and property condition.

ESSENTIAL DUTIES AND 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

JOB REQUIREMENTS

• 3+ years of experience in commercial/multifamily loan underwriting/credit analysis
• Intricate knowledge of the Fannie Mae DUS Multifamily Selling and Servicing Guide
• Completion of the Mortgage Bankers Association (MBA) School of Multifamily Property Inspections course
• Exceptional written and verbal communication skills required
• Exceptional Microsoft Office skills required with some advanced financial and data manipulation functions in Microsoft Excel preferred
• Bachelor's Degree required

JOB EXPECTATIONS

• Regular and reliable attendance required
• Monthly domestic travel for site visits

BENEFITS

We offer a comprehensive benefits package for employees and their families including medical and dental plan; 401k plan including company matching; firm funded life and disability insurance.

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Make your next move an expert one and join us as we lead the industry into the future.

Direct applicants only please, no agencies.

Colliers provides equal employment opportunity to all persons. No employee or applicant for employment will be discriminated against because of race, creed, origin, marital status, sexual orientation, age, otherwise qualified disabled or veteran status or any other characteristic protected by law. If you are a qualified applicant who requires reasonable accommodation to complete a job application, pre-employment testing, a job interview or to otherwise participate in the hiring process, please contact accommodations@colliers.com