GSE Senior Affordable Underwriter

3 weeks ago


Chicago, United States Merchants Capital Full time

DescriptionLocation: The preferred location is Washington D.C or New York City. If needed, this position can report to our HQ in Carmel, IN or any of our other regional offices in Boston, MA, Chicago, IL, or Bloomington, MN.The GSE Senior Affordable Underwriter is responsible for ensuring the timely, accurate and high-quality underwriting of multifamily mortgage loan transactions in accordance with Agency and Bank guidelines. Responsibilities include but are not limited to reviewing customer data, making sound credit decisions, and ensuring they are documented to secondary market guidelines where applicable. Manage clients and expectations, in tandem with Production, through clear communication to preemptively address potential issues or impediments to timing.Under moderate supervision, the GSE Senior Affordable Underwriter will independently underwrite new loan originations for Fannie Mae/Freddie Mac. The incumbent will perform an evaluation of proposed Agency loans for credit risk; and obtain deal approvals from Merchants' credit committee and respective Agency.After one year as our Senior GSE Affordable Underwriter, you will know you are successful if youUnderwrite multifamily Agency loans originated by Merchants Capital.Manage the underwriting process for new loans from origination to closing.Adhere to Agency loan requirements, reviewing updates on an ongoing basis, to stay current on changes made by respective Agencies and/or Merchants.Perform site inspections of underwritten assets.Manage third-party vendors and comprehensively evaluate third-party reports including appraisal reports, engineering reports, environmental reports, zoning reports, flood certifications, etc.Coordinate and manage clear communication with internal Merchants staff including the Review Underwriter, originations and closings team; Agency; third party vendors, including but not limited to, the appraiser, engineer and environmental consultant; Merchants legal counsel; insurance team; borrower and any others that are pertinent to the success of the transaction.Evaluate Borrower financial statements, bank statements, credit reports, legal searches, real estate-owned (REO) schedules, resumes, etc., and determine any potential credit risks while exercising problem-solving capabilities and independent judgment.Generate a Due Diligence checklist along with monitoring receipt of and processing due diligence as it is received. Review files for completeness and identify critical missing information.Analyze historical operating statements, rent rolls, market characteristics, etc., and complete the underwriting loan submission template.Prepare the loan package for evaluation and approval by Merchants Credit Committee and Agency Lenders.RequirementsWhat we are looking forA bachelors degree in finance, Economics, Real Estate, or another related field is required.Minimum three years of multifamily loan underwriting experience with Fannie Mae and Freddie Mac loan products, preferably affordable products.Strong knowledge and understanding of Agency lending guidelines, including applying applicable credit parameters in order to minimize credit risk required.Strong knowledge and understanding of Agency pricing standards in order to determine the all-in interest rate preferred.Strong knowledge and understanding of various organizational structures such as LLCs, LPs, Corporations, Trusts, etc. preferred.High-level analytical abilities and deductive reasoning, including strong research, and written/oral presentation skills. At this level, it will generally be done independently or in combination with the Chief/Deputy for high-level decisions.Proactive team player, able to work effectively under tight timelines, including the ability to provide guidance and be a resource for more junior Underwriting staff.ABOUT MERCHANTS CAPITALWith over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multifamily housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA, in addition to our banks balance sheet products, allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways. Recognized as a top five affordable lender , Merchants Capital pairs our comprehensive debt offerings with in-house tax credit equity to provide a one-stop-shop for developers and owners. To learn more about Merchants Capital, visit www.merchantscapital.com .#J-18808-Ljbffr

by Jobble



  • Chicago, United States Westfield Full time

    Job Description We are seeking a Senior Underwriter to join our Management Liability team to be onsite in the Chicago, IL office. The Senior Underwriters are responsible for underwriting a complex book of business, employing the methods necessary to meet projected profitability, GWP, and expense goals, management and growth of the overall portfolio of...


  • Chicago, United States Westfield Full time

    Job DescriptionWe are seeking a Senior Underwriter to join our Management Liability team to be onsite in the Chicago, IL office. The Senior Underwriters are responsible for underwriting a complex book of business, employing the methods necessary to meet projected profitability, GWP, and expense goals, management and growth of the overall portfolio of...


  • Chicago, United States Argo AI Full time

    Argo Group US currently has a challenging opportunity for a Senior Underwriter . The primary purpose of this position is to actively participate in the production underwriting, marketing and processing ofAccountants Professional Liability (APL)lines of business. Responsibilities may also include participating in special projects and mentoring less...


  • Chicago, United States Corvus Insurance Full time

    Were united by a mission: to make the world a safer place. Corvus Insurance uses novel data and artificial intelligence/machine learning to achieve better insights into commercial insurance risk. Our software empowers brokers and policyholders to better predict and prevent complex claims through data-driven tools and Smart Commercial Insurance policies. This...


  • Chicago, United States Corvus Insurance Full time

    We're united by a mission: to make the world a safer place. Corvus Insurance uses novel data and artificial intelligence/machine learning to achieve better insights into commercial insurance risk. Our software empowers brokers and policyholders to better predict and prevent complex claims through data-driven tools and Smart Commercial Insurance® policies....


  • Chicago, United States Corvus Insurance Full time

    We’re united by a mission: to make the world a safer place. Corvus Insurance uses novel data and artificial intelligence/machine learning to achieve better insights into commercial insurance risk. Our software empowers brokers and policyholders to better predict and prevent complex claims through data-driven tools and Smart Commercial Insurance policies....

  • Senior Underwriter

    2 weeks ago


    Chicago, United States General Placement Service Full time

    General Placement Service is working with an A+ rated reinsurance carrier seeking a Senior Underwriter to manage an assigned territory in the Chicago area. Ideal candidates should have extensive knowledge of large, complex commercial property accounts, experience with facultative reinsurance a plus.  The main responsibility of this role is to market the...

  • Senior Underwriter

    4 weeks ago


    Chicago, Illinois, United States Core Specialty Full time

    Examination & analyzing of submissions forwarded to Core Specialty by broker partners to determine if the risk is a targeted class of business and subsequently to determine appropriate limits, pricing & terms that will provide Core Specialty with adequate underwriting profit on each risk. Key Accountabilities:Execution of Miscellaneous E&O business plans and...


  • Chicago, United States Sanford Rose Associates International, Inc. Full time

    Hilco, Inc. Northbrook, IL 60065 posted 05/07/2024 More... front runner Underwriter Inland Group Oak Brook, IL 60523 posted yesterday More... front runner Senior Property Underwriter, Large Accounts Sanford Rose Associates International, Inc. Chicago, IL 60290 posted 05/07/2024 More... front runner Associate: Commercial Real Estate Underwriter cibc Chicago,...


  • Chicago, Illinois, United States Capstone Search Group Full time

    About the RoleThe Senior Commercial Casualty Underwriter will evaluate complex risks for captives, assess loss history and loss development, pricing, underwriting, including hazard analysis and rate and class. This position will support development of new programs, renewal business, successfully analyze carrier coverage and restrictions, quantitative...


  • Chicago, United States Capstone Search Group Full time

    About the Role The Senior Commercial Casualty Underwriter will evaluate complex risks for captives, assess loss history and loss development, pricing, underwriting, including hazard analysis and rate and class. This position will support development of new programs, renewal business, successfully analyze carrier coverage and restrictions, quantitative...


  • Chicago, United States JCW Full time

    JCW is currently recruiting for a Senior Environmental Underwriter role with a well-respected insurer in the Chicago area. If you're looking to advance your career within the casualty space with an emphasis in environmental, please apply!Responsibilities:Manage the Environmental (GL/PLL) book of business, ensuring underwriting production, integrity, and...


  • Chicago, United States JCW Full time

    JCW is currently recruiting for a Senior Environmental Underwriter role with a well-respected insurer in the Chicago area. If you're looking to advance your career within the casualty space with an emphasis in environmental, please apply!Responsibilities:Manage the Environmental (GL/PLL) book of business, ensuring underwriting production, integrity, and...


  • Chicago, United States AXA XL Ltd Full time

    Senior Underwriter Construction Middle Market; Midwest Chicago, IL I USA At AXA XL, we provide insurance products and services that are designed to meet contractors' unique and challenging exposures.Our Middle Market Construction team offers casualty coverages to North America's Middle Market Contractors and Specialty Trade buyers. Arising out of growth,...


  • Chicago, United States Zurich Insurance Company Full time

    Zurich is currently looking for a Senior Management Liability Underwriter II to work out of our Chicago office! You will be responsible for utilizing your sales/marketing, relationship building and analytical skills to analyze and underwrite new and renewal business for management liability products (Directors and Officers, Employment Practices Liability, &...


  • Chicago, United States Chubb Full time

    VP, Regional Underwriting Manager – Chubb Global Casualty Develops and executes the Global Domestic Casualty growth and business unit strategies for the assigned territory of the Pacific South Region.  As the Underwriting Manager, this position will work with various support centers of Chubb Casualty to coordinate their efforts toward achieving profitable...


  • Chicago, United States CNA Full time

    You have a clear vision of where your career can go. And we have the leadership to help you get there. At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential. CNA seeks to offer a comprehensive and competitive benefits package to...


  • Chicago, United States Kalepa Corporation Full time

    The role is account management of the Healthcare Division business, including marketing, evaluation and negotiation of business that furthers the Line of Business goals, strategies and tactics. Key Accountabilities: Contributing to the execution of the Healthcare business plans and objectives Market and produce profitable business within the underwriting...

  • Senior Underwriter

    1 month ago


    Chicago, United States Core Specialty Full time

    Examination & analyzing of submissions forwarded to Core Specialty by broker partners to determine if the risk is a targeted class of business and subsequently to determine appropriate limits, pricing & terms that will provide Core Specialty with adequate underwriting profit on each risk. Key Accountabilities:Execution of Miscellaneous E&O business plans and...

  • Executive Underwriter

    17 hours ago


    Chicago, United States Allianz Full time

    If you are a current AzC employee and wish to refer a candidate for this role, please click here for instructions and eligibility criteria Cluster: Allianz Professional Let's care for tomorrow. Your ambitions. Your dreams. Your tomorrow At Allianz Commercial (AzC), we are the global leader for insuring corporate and specialty risks in the Allianz Group....