Commercial Real Estate Finance Underwriter

4 weeks ago


Minneapolis, Minnesota, United States NorthMarq Full time
Underwriter - Agency Role in Commercial Real Estate

At Northmarq, we are seeking an Underwriter to join our active and successful Agency team. As an Underwriter, you will provide quality control and training to regional offices related to underwriting, due diligence, closing, and various support functions related to Freddie Mac conventional loans.

Key Responsibilities:
  • Support regional debt teams in obtaining quotes on Freddie Mac conventional loans and assist in structuring the most beneficial deal for the Borrower.
  • Review preliminary and final investment briefs and the underwriting template to ensure compliance with Freddie Mac requirements and provide feedback to ensure efficient processing and timely response from Freddie Mac.
  • Analyze operating history, budget, property rent roll, and other financial information to verify the proforma and loan request aligns with Freddie Mac guidelines.
  • Review Borrower structure to determine required principal due diligence and complete org chart to meet lender requirements.
  • Review and analyze Key Borrower Principal's real estate schedule, financial statements, and enhanced due diligence documents when necessary.
  • Review third-party reports to ensure compliance with lender guidelines (appraisal, environmental, engineering, zoning, etc.).
  • Review due diligence materials for accuracy.
Requirements:
  • Minimum of 2-5 years of experience in real estate financial analysis with multifamily experience preferred.
  • Bachelor's degree, preferably with major in real estate finance, business administration, or accounting.
  • Familiarity with Freddie Mac and/or Fannie Mae multifamily loan programs a plus.
  • Excellent analytical skills and underwriting-related experience.
  • Effective professional oral and written communication skills.
  • Ability to work both independently and within a team, with minimal supervision.
  • Demonstrated work ethic and willingness to work extended hours when necessary.
  • Strong organizational skills with the ability to handle multiple assignments while meeting deadlines.
  • Client service-oriented.
  • Problem-solving skills to reflect level of responsibilities.
  • Ability to maintain sensitive and confidential information.
  • Ability to maintain a positive attitude in all situations.
  • Strong computer knowledge with Microsoft Office applications, in particular Word, Excel, and Adobe. Salesforce proficiency a plus.

Northmarq offers a highly competitive benefits package including medical, dental, vision, paid time off, 401K match, and an annual discretionary contribution based on business performance, paid parental leave, and adoption assistance, education assistance, volunteer paid time off, charitable contribution match, and so much more.



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