Multifamily Transaction Specialist

4 weeks ago


Carmel, Indiana, United States Merchants Bancorp Full time

Job Summary

As a Transaction Manager at Merchants Bancorp, you will play a key role in the multifamily lending process. Your primary responsibilities will include initiating new deal screenings, pricing transactions by product type, and developing relationships with GSE counterparts. You will also be responsible for preliminary underwriting, analyzing financial statements, and communicating with clients and internal teams. If you have a strong work ethic and a motivated attitude, you may be a good fit for this role.

Key Responsibilities

  • Preliminary underwriting to accurately size lending transactions by working with HUD, GSE, and MBI credit teams.
  • Analysis of financial statements and reports related to the transaction, including historical and pro forma property operating statements, rent rolls, sources and uses, real estate owned schedules, appraisals, and project capital needs assessments.
  • Assistance in streamlining communication for accurate and timely client interaction.
  • Oversight of loans from Application through Closing.
  • Support and assistance to Originators throughout the transaction process.
  • Development of client relationships.
  • Preparation of term sheets for review and approval by MBI, as well as assistance in preparation of HUD and GSE Engagement Letters.
  • Composition and analysis of HUD Concept Packages, GSE Soft Quotes, and GSE Pre-Screens.
  • Review of 3rd party reports and communication of any issues.
  • Leadership of the due diligence process with clients and internal company processors.
  • Continued education on MBI, HUD, RD, FHLMC, and FNMA program developments, loan policies, and guidelines.
  • Attendance at training on applicable subjects when available and appropriate for the position.

Requirements
  • Bachelor's degree from an accredited institution, preferably with a focus in finance or commercial real estate.
  • 2-4 years of multifamily credit analysis experience; multifamily affordable housing experience preferred.
  • Proficiency with Microsoft Office, with emphasis on Excel and Word.
  • Excellent communication, analytical, interpersonal, and organizational skills.
  • Self-sufficiency with project/timeline management skills, accuracy and attention to details, and the ability to adapt in an entrepreneurial business environment.
  • Ability to work well under pressure and prioritize work to meet deadlines in a fast-paced environment.
  • Occasional travel for property inspections, loan closings, training opportunities, and transaction meetings.


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