Walker & Dunlop
Small Balance Underwriting Intern
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.
Walker & Dunlop's Summer Internship Program provides a dynamic environment for students to learn aspects of the commercial real estate finance industry. Each year, W&D invites a distinguished group of interns to participate in a ten-week training and mentoring program to help build their skills and learn about the organization. Interns will play supporting and individual contributor roles and have the opportunity to make meaningful contributions to our business through hands-on training.
If you are looking for a summer internship in commercial real estate finance, the below opportunity may be for you.
The Small Balance Underwriting team is responsible for managing the loan creation process from application to closing while preserving credit standards and managing risk. We primarily underwrite Agency Multifamily debt (Fannie Mae and Freddie Mac) but will occasionally work with other capital partners and/or finance mobile home communities, mixed use, student-properties, and other similar residential uses. The Underwriting team typically consist of an Underwriter and one or more analysts who work in partnership to size loans based on compliance with agency and other capital partners guidelines. The team also underwrites the credit-worthiness of loan sponsors; evaluating the org structure and the net worth, liquidity, credit, real estate portfolio, and experience of individual sponsors. We work at the center of transactions and regularly interface internally with internal and external stakeholders.
Things to look forward to:Introduction to senior leadershipLearning about the different parts of the transaction cycleRelationship buildingTrainings outside of day-to-day responsibilities through a speaker seriesNetworking eventsOpportunity to be considered for full-time positions upon graduationPrimary Responsibilities
Assist SBG Analysts with vendor bidding, scheduling, and invoice processing.Work with underwriting teams to collect, review, and process transaction due diligence.Learn the fundamentals of rent roll and operations analysis for multifamily properties.Assist in preparation for underwriting property site visits.Assist in uploading and submission of full underwriting packages to Freddie MacLearn to read and interpret key aspects of multifamily appraisals, condition, environmental, and zoning reports.Education and Experience
Must be enrolled full-time and pursuing a bachelor's degree in an undergraduate program at an accredited universityMust be at least 18 years of age and eligible to work in the U.S.Must have at least a 3.0 cumulative GPAMust be able to commit to the 10 week program beginning June 2rd and ending August 8thRelevant work experience a plusKnowledge, Skills, and Abilities
Successful candidates will have shown a sustained record of accomplishment, demonstrating academic excellence and leadership, in addition to the following:
Have a passion for learning about commercial real estateBe a team player and self-starterHave strong communication skills and personal driveBe willing to do what it takes to contribute to the bottom lineStrong attention to detailDeveloped organizational and time management skillsDemonstrated analytical skillsDemonstrated professional maturityAbility to take initiative and work independentlyProficiency in Microsoft Word, Excel, Outlook, and PowerPointAbility to show ownership of your work, take on challenges and acknowledge growthopportunities, and demonstrate patience when learning new processesCourtesy, respect, and thoughtfulness in teaming with colleagues and other stakeholdersThis position will pay $28/hour.
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.
Walker & Dunlop's Summer Internship Program provides a dynamic environment for students to learn aspects of the commercial real estate finance industry. Each year, W&D invites a distinguished group of interns to participate in a ten-week training and mentoring program to help build their skills and learn about the organization. Interns will play supporting and individual contributor roles and have the opportunity to make meaningful contributions to our business through hands-on training.
If you are looking for a summer internship in commercial real estate finance, the below opportunity may be for you.
The Small Balance Underwriting team is responsible for managing the loan creation process from application to closing while preserving credit standards and managing risk. We primarily underwrite Agency Multifamily debt (Fannie Mae and Freddie Mac) but will occasionally work with other capital partners and/or finance mobile home communities, mixed use, student-properties, and other similar residential uses. The Underwriting team typically consist of an Underwriter and one or more analysts who work in partnership to size loans based on compliance with agency and other capital partners guidelines. The team also underwrites the credit-worthiness of loan sponsors; evaluating the org structure and the net worth, liquidity, credit, real estate portfolio, and experience of individual sponsors. We work at the center of transactions and regularly interface internally with internal and external stakeholders.
Things to look forward to:Introduction to senior leadershipLearning about the different parts of the transaction cycleRelationship buildingTrainings outside of day-to-day responsibilities through a speaker seriesNetworking eventsOpportunity to be considered for full-time positions upon graduationPrimary Responsibilities
Assist SBG Analysts with vendor bidding, scheduling, and invoice processing.Work with underwriting teams to collect, review, and process transaction due diligence.Learn the fundamentals of rent roll and operations analysis for multifamily properties.Assist in preparation for underwriting property site visits.Assist in uploading and submission of full underwriting packages to Freddie MacLearn to read and interpret key aspects of multifamily appraisals, condition, environmental, and zoning reports.Education and Experience
Must be enrolled full-time and pursuing a bachelor's degree in an undergraduate program at an accredited universityMust be at least 18 years of age and eligible to work in the U.S.Must have at least a 3.0 cumulative GPAMust be able to commit to the 10 week program beginning June 2rd and ending August 8thRelevant work experience a plusKnowledge, Skills, and Abilities
Successful candidates will have shown a sustained record of accomplishment, demonstrating academic excellence and leadership, in addition to the following:
Have a passion for learning about commercial real estateBe a team player and self-starterHave strong communication skills and personal driveBe willing to do what it takes to contribute to the bottom lineStrong attention to detailDeveloped organizational and time management skillsDemonstrated analytical skillsDemonstrated professional maturityAbility to take initiative and work independentlyProficiency in Microsoft Word, Excel, Outlook, and PowerPointAbility to show ownership of your work, take on challenges and acknowledge growthopportunities, and demonstrate patience when learning new processesCourtesy, respect, and thoughtfulness in teaming with colleagues and other stakeholdersThis position will pay $28/hour.
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.