Walker & Dunlop
Senior Underwriter
Walker & Dunlop, Irvine, California, United States, 92713
Department:Small Balance Group - Underwriting
We are Walker & Dunlop. We are one of the largest providers of capital to the commercial real estate industry, enabling real estate owners and operators to bring their visions of communities - where people live, work, shop, and play - to life. We are committed to creating meaningful social, environmental, and economic change in our communities. We believe seeking diverse talent and promoting the inclusion of all perspectives are more than moral imperatives - they are critical to our success and ability to innovate and grow.
Department Overview
Walker & Dunlop's
Small Balance Group
is a fully integrated lending platform specializing in debt executions and processes uniquely tailored to the private client multifamily market. As one of the nation's top Freddie Mac Optigo® Small Balance Loan and Fannie Mae DUS® Small Loan lenders, our experts manage the origination, underwriting, funding, and servicing processes in-house and serve as a trusted advisor to our clients from quote, close, & beyond. At the forefront of technological innovation and process transformation at Walker & Dunlop, the Small Balance Group plays a critical role in shaping the organization's future.
The Impact You Will Have
This position serves as a member of the Underwriting Team.
Walker & Dunlop's Underwriting Process is focused on the continued application of Best Practices to ensure an accurate depiction, financial and otherwise, of Borrowers, Subject Properties, Key Principals, Principals, and marketplace characteristics. The objective of a Senior Underwriter is to provide guidance to the Analyst and prepare Loan Approval submissions that are in compliance with the Fannie Mae DUS and Freddie Mac Guides and will contain an analysis of transactions that is sufficiently detailed and organized so that an informed Loan Committee can make decisions.
Primary ResponsibilitiesDemonstrate mastery of the Fannie Mae and Freddie Mac methodology for building up Proforma income and expenses.Demonstrate strong competency in the underwriting process and proficiency in understanding the Fannie Mae and Freddie Mac Guides.Conduct property inspections to assess the condition and quality of multifamily projects, their management, and their marketplaces.Review third-party Appraisals, Engineering Reports, Seismic Reports, Phase I Environmental Assessments and Operations and Maintenance (O & M) Reports where necessary to assist the underwriting teams.Evaluate and assess borrower financial statements, SREO, and ownership experience to ensure compliance with WD, Fannie Mae, and Freddie Mac requirements.Oversight and management of an Underwriting Analyst.Evaluate and manage risk issues using a comprehensive risk management approach.Develop and manage critical business relationships, which include cultivating favorable relationships with internal and external contacts.Anticipate and resolve issues for customers and team members.Craft accurate and analytical narratives for submission to Chief Underwriter with minimal supervision from Deputy Chief Underwriters.Conduct periodic File Reviews for members of the team, as assigned.Review narratives for members of the underwriting team prior to submission to the Deputy Chief or Chief Underwriter.Demonstrate responsibility for ensuring that the underwriting goals and initiatives are completed in a timely manner and needed resources are available to accomplish results.Communicate and problem-solve daily with teammates, clients, vendors, and other stakeholders, often in combination with travelOther skills related to building a career in UnderwritingPerform other duties as assignedAttendance is generally 8:30 am - 5:30 pm Monday through Friday with the ability to work up to 2 of those days remotelyEducation and Experience
Bachelor's degree7+ years' work experience in commercial real estate finance with strong exposure to multifamily and extensive knowledge of the Fannie Mae DUS and Freddie Mac Program Plus programs.Knowledge, Skills and Abilities
Demonstrated knowledge of and experience in underwriting. This includes but would not be limited to a strong working knowledge of the key players in the industry, the issues and trends facing the industry, the ability to identify and underwrite the key credit, sponsor related risks, and the ability to evaluate alternative risks carefully when structuring a transaction, and a demonstrated knowledge of property operations.Demonstrated leadership with evidence of increasing responsibility throughout career history and at least 2 years of direct supervisory responsibility.Demonstrated analytical skills with the ability to evaluate data quickly, make decisions based on imperfect data, and take action in order to assist the Team in moving its transactions forward.Excellent interpersonal and presentation skills and the ability to effectively communicate with all levels of management.Demonstrated commitment to innovation and change and willingness to take initiative to accomplish change.Demonstrated ability to prioritize tasks, and develop and execute solutions to complex issues and transactions in a timely manner.Extensive multifamily experience across a wide range of financial and product executions.Demonstrated business management experience as well as a demonstrated capacity to provide leadership in closing deals within tight timeframes.Knowledge of Fannie Mae's DUS and Freddie Mac's products is required.Ability to show ownership of your work, take on challenges and acknowledge growth opportunities, and demonstrate patience when learning new processesCourtesy, respect, and thoughtfulness in teaming with colleagues and other stakeholdersThis position has an estimated base salary of $110,000 - $120,000 plus discretionary bonus. An employment offer is based on the applicant's relevant work experience, applicable knowledge, skills, abilities, internal equity, and alignment with market data.
#LI-NA1
#LI-Hybrid
What We Offer
The opportunity to join one of Fortune Magazine's Great Places to Work winners from 2015-2023Comprehensive benefit options* that have earned Walker & Dunlop the silver level of the 2022 Cigna Healthy Workforce Designation™, some of which include:- Up to 83% subsidized medical payroll deductions- Competitive dental and vision benefits- 401(k) + match- Pre-tax transit and commuting benefits- A robust health and wellness program - earn cash rewards and gain access to resources thatpromote health, engagement, and balance- Paid maternity and parental leave, as well as other family paid leave programs- Company-paid life, short and long-term disability insurance- Health Savings Account and Healthcare and Dependent Care Flexible SpendingCommitment to diversity, equity, and inclusion, with employee resource groups organizing activities and providing a space for open communicationCareer development opportunitiesEmpowerment and encouragement to give back - volunteer hours and donation matching
*Eligibility may vary based on average number of hours worked
EEO Statement
We are committed to equity in all steps of the recruitment and employment experience. We believe in equal access to opportunities in our workplace. We do not tolerate discrimination, including harassment, based on any characteristic protected by applicable law, such as race, color, national origin, religion, gender identity, sexual orientation, sex, age, disability, veteran or military status, and genetic information. We strive to be a safe place to ask questions, build professional relationships, and develop careers.
SPAMPlease be wary of recruitment scams. An indication of a scam might be a request for sensitive or bank information at the time of application or emails coming from a non walkerdunlop.com email address. Please call us at 301.215.5500, if you have any concerns about information requested during or after the application process.
Fair Chance Hiring
Background checks, including any questions related to infractions, arrests, or conviction records, will not be conducted until after a conditional offer of employment has been accepted. We will consider for employment qualified applicants regardless of arrest and conviction records, in accordance with federal, state, and local laws.
We are Walker & Dunlop. We are one of the largest providers of capital to the commercial real estate industry, enabling real estate owners and operators to bring their visions of communities - where people live, work, shop, and play - to life. We are committed to creating meaningful social, environmental, and economic change in our communities. We believe seeking diverse talent and promoting the inclusion of all perspectives are more than moral imperatives - they are critical to our success and ability to innovate and grow.
Department Overview
Walker & Dunlop's
Small Balance Group
is a fully integrated lending platform specializing in debt executions and processes uniquely tailored to the private client multifamily market. As one of the nation's top Freddie Mac Optigo® Small Balance Loan and Fannie Mae DUS® Small Loan lenders, our experts manage the origination, underwriting, funding, and servicing processes in-house and serve as a trusted advisor to our clients from quote, close, & beyond. At the forefront of technological innovation and process transformation at Walker & Dunlop, the Small Balance Group plays a critical role in shaping the organization's future.
The Impact You Will Have
This position serves as a member of the Underwriting Team.
Walker & Dunlop's Underwriting Process is focused on the continued application of Best Practices to ensure an accurate depiction, financial and otherwise, of Borrowers, Subject Properties, Key Principals, Principals, and marketplace characteristics. The objective of a Senior Underwriter is to provide guidance to the Analyst and prepare Loan Approval submissions that are in compliance with the Fannie Mae DUS and Freddie Mac Guides and will contain an analysis of transactions that is sufficiently detailed and organized so that an informed Loan Committee can make decisions.
Primary ResponsibilitiesDemonstrate mastery of the Fannie Mae and Freddie Mac methodology for building up Proforma income and expenses.Demonstrate strong competency in the underwriting process and proficiency in understanding the Fannie Mae and Freddie Mac Guides.Conduct property inspections to assess the condition and quality of multifamily projects, their management, and their marketplaces.Review third-party Appraisals, Engineering Reports, Seismic Reports, Phase I Environmental Assessments and Operations and Maintenance (O & M) Reports where necessary to assist the underwriting teams.Evaluate and assess borrower financial statements, SREO, and ownership experience to ensure compliance with WD, Fannie Mae, and Freddie Mac requirements.Oversight and management of an Underwriting Analyst.Evaluate and manage risk issues using a comprehensive risk management approach.Develop and manage critical business relationships, which include cultivating favorable relationships with internal and external contacts.Anticipate and resolve issues for customers and team members.Craft accurate and analytical narratives for submission to Chief Underwriter with minimal supervision from Deputy Chief Underwriters.Conduct periodic File Reviews for members of the team, as assigned.Review narratives for members of the underwriting team prior to submission to the Deputy Chief or Chief Underwriter.Demonstrate responsibility for ensuring that the underwriting goals and initiatives are completed in a timely manner and needed resources are available to accomplish results.Communicate and problem-solve daily with teammates, clients, vendors, and other stakeholders, often in combination with travelOther skills related to building a career in UnderwritingPerform other duties as assignedAttendance is generally 8:30 am - 5:30 pm Monday through Friday with the ability to work up to 2 of those days remotelyEducation and Experience
Bachelor's degree7+ years' work experience in commercial real estate finance with strong exposure to multifamily and extensive knowledge of the Fannie Mae DUS and Freddie Mac Program Plus programs.Knowledge, Skills and Abilities
Demonstrated knowledge of and experience in underwriting. This includes but would not be limited to a strong working knowledge of the key players in the industry, the issues and trends facing the industry, the ability to identify and underwrite the key credit, sponsor related risks, and the ability to evaluate alternative risks carefully when structuring a transaction, and a demonstrated knowledge of property operations.Demonstrated leadership with evidence of increasing responsibility throughout career history and at least 2 years of direct supervisory responsibility.Demonstrated analytical skills with the ability to evaluate data quickly, make decisions based on imperfect data, and take action in order to assist the Team in moving its transactions forward.Excellent interpersonal and presentation skills and the ability to effectively communicate with all levels of management.Demonstrated commitment to innovation and change and willingness to take initiative to accomplish change.Demonstrated ability to prioritize tasks, and develop and execute solutions to complex issues and transactions in a timely manner.Extensive multifamily experience across a wide range of financial and product executions.Demonstrated business management experience as well as a demonstrated capacity to provide leadership in closing deals within tight timeframes.Knowledge of Fannie Mae's DUS and Freddie Mac's products is required.Ability to show ownership of your work, take on challenges and acknowledge growth opportunities, and demonstrate patience when learning new processesCourtesy, respect, and thoughtfulness in teaming with colleagues and other stakeholdersThis position has an estimated base salary of $110,000 - $120,000 plus discretionary bonus. An employment offer is based on the applicant's relevant work experience, applicable knowledge, skills, abilities, internal equity, and alignment with market data.
#LI-NA1
#LI-Hybrid
What We Offer
The opportunity to join one of Fortune Magazine's Great Places to Work winners from 2015-2023Comprehensive benefit options* that have earned Walker & Dunlop the silver level of the 2022 Cigna Healthy Workforce Designation™, some of which include:- Up to 83% subsidized medical payroll deductions- Competitive dental and vision benefits- 401(k) + match- Pre-tax transit and commuting benefits- A robust health and wellness program - earn cash rewards and gain access to resources thatpromote health, engagement, and balance- Paid maternity and parental leave, as well as other family paid leave programs- Company-paid life, short and long-term disability insurance- Health Savings Account and Healthcare and Dependent Care Flexible SpendingCommitment to diversity, equity, and inclusion, with employee resource groups organizing activities and providing a space for open communicationCareer development opportunitiesEmpowerment and encouragement to give back - volunteer hours and donation matching
*Eligibility may vary based on average number of hours worked
EEO Statement
We are committed to equity in all steps of the recruitment and employment experience. We believe in equal access to opportunities in our workplace. We do not tolerate discrimination, including harassment, based on any characteristic protected by applicable law, such as race, color, national origin, religion, gender identity, sexual orientation, sex, age, disability, veteran or military status, and genetic information. We strive to be a safe place to ask questions, build professional relationships, and develop careers.
SPAMPlease be wary of recruitment scams. An indication of a scam might be a request for sensitive or bank information at the time of application or emails coming from a non walkerdunlop.com email address. Please call us at 301.215.5500, if you have any concerns about information requested during or after the application process.
Fair Chance Hiring
Background checks, including any questions related to infractions, arrests, or conviction records, will not be conducted until after a conditional offer of employment has been accepted. We will consider for employment qualified applicants regardless of arrest and conviction records, in accordance with federal, state, and local laws.