GSE Underwriting Analyst

2 weeks ago


New York, New York, United States Newmark ltd Full time
Job Overview

Newmark is seeking experienced Underwriters with a minimum of 3-5 years in commercial underwriting, specifically focused on GSE affordable loans. The Underwriter will play a crucial role in conducting financial, market, and underwriting assessments of affordable multifamily loans. This position offers a unique opportunity to gain in-depth knowledge of multifamily mortgage underwriting, engage extensively with clients, and receive training through leading programs such as Fannie Mae and Freddie Mac. The role involves close collaboration with our Senior Credit team and Originators in structuring and underwriting affordable transactions.

Key Responsibilities

Primary Duties:
  • Evaluate, interpret, and underwrite intricate multifamily real estate transactions in accordance with agency guidelines (Fannie Mae and Freddie Mac).
  • Perform detailed economic and demographic analysis to assess transaction feasibility.
  • Compile and present a thorough loan approval package to the credit committee.
  • Establish and maintain strong relationships with origination and closing teams, as well as external agency investors.
  • Conduct thorough inspections of physical real estate assets as required.
Core Competencies:
  • Advanced analytical, research, and communication skills, both written and verbal.
  • Strong problem-solving abilities and independent judgment, demonstrating initiative and precision.
  • Proven capacity to organize and prioritize tasks, managing multiple projects efficiently.
  • Ability to work effectively with minimal supervision.
  • Proficiency in Microsoft Office, particularly Excel and Word.
  • Demonstrated strong work ethic.
  • Collaborative team player, capable of performing well under pressure.
Qualifications:
  • Bachelor's degree in Accounting, Finance, Economics, Real Estate, or a related field.
  • 3-5 years of commercial underwriting experience with affordable loans, specifically GSE multifamily experience.
  • Prior DUS underwriting experience with a strong understanding of Fannie Mae and Freddie Mac Multifamily MAH/TAH Guides and Affordable product types (Preservation, LIHTC, Tax-Exempt Bonds, Section 8, etc.).
  • Willingness to travel 10-20% of the time.
Compensation:
The anticipated base salary for this role ranges from $90,000 to $150,000 annually. Actual salary will be determined based on various factors including relevant skills, experience, education, and applicable licenses or certifications. In addition to the base salary, a competitive benefits package is offered, along with potential eligibility for discretionary bonuses and other incentives.

Working Environment:
Standard working conditions with no adverse elements.

Equal Opportunity Employer:
Newmark is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected Veteran status, or any other characteristic protected by applicable law.

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