National Mortgage Staffing
On-Site Commercial Underwriter/Sr CRE Analyst
National Mortgage Staffing, Kensington, Maryland, us, 20891
This is an in office only job
The Commercial Real Estate Loan Underwriter must be able to evaluate loan opportunities, including, the real estate collateral securing the proposed loan, the surrounding market and demographic area and the adequacy of the loan structure of the transaction and/or relationship. Duties include the underwriting and analyzation of commercial real estate and bridge loans, spreading of rent rolls, operating statements, borrower financial statements, evaluating borrow/guarantor financial support and management capabilities, and developing rationale for valuation and loan structure. The role will be responsible for all aspects of a proposed loan from the time the borrower executes Letter of Interest through loan closing.
Essential Duties and ResponsibilitiesDuties and Responsibilities include, but are not limited to the following:Underwrite loan opportunities on commercial real estate properties on a nationwide basisAnalyze loan files and review supporting documentation for completenessAnalyze financial statements to determine operating trends and viability of businessesReviews Tax returns and additional credit information to assess borrower/guarantor net worth and potential supportPrepare detailed analyses of historical property operations to make informed decisions about future performancePrepare credit memorandum for presentation to Investment CommitteeResearch and investigate applicable industry and market data/trendsDetermine collateral valuation for real estate and business assets securing the loanCoordinates and incorporates 3rd party reports into their credit analysisProjects loan level cash flows based on potential resolution outcomesPresent underwriting analysis to investment committee and makes structure recommendations.Other Responsibilities may include:Work on special projects as assignedAssists origination credit officers as neededAssists asset managers on relationships as neededInteracts with Capital Markets on an as needed basis to support pricing modelsParticipates in periodic meetings with Commercial Lending and Senior Management to monitor portfolio trends and specific asset performanceWork with IT and Application Development on building and supporting underwriting modelsRecruits qualified candidates for credit departmentDemonstrates behaviors which are aligned with the organization's desired culture and valuesQualificationsThe ideal candidate should possess the following skills:
5 or more (5+) years' work experience in CREMinimum of five (5) years' experience as an underwriter underwriting multiple types of commercial real estate loans in a financial institution (or equivalent)Experienced in modelingExperience in reviewing and analyzing third party reports, including appraisals, environmental, engineering and seismic studiesAbility to work on multiple transactions simultaneously and work effectively in a collaborative environmentStrong analytical skills with advanced proficiency in Excel, Word and Power PointStrong, clear and concise communication skills including ability to write and orally present workout strategies.Ability to exercise good judgment and solve problems independently.Desire to contribute in a variety of ways to the overall success of the enterprise.Some travel may be required.
Thank you for your interest!
If your background aligns with our clients needs, one of our Recruiters will reach out.
Please Check your spam folder and voicemail for messages from our recruiters.
Unfortunately due to high volumes of applicants, we may not be able to respond to those who are not a fit. If you do not hear from us regarding this application, please know we do appreciate your interest and encourage you to continue to keep an eye on our website for new opportunities.
The Commercial Real Estate Loan Underwriter must be able to evaluate loan opportunities, including, the real estate collateral securing the proposed loan, the surrounding market and demographic area and the adequacy of the loan structure of the transaction and/or relationship. Duties include the underwriting and analyzation of commercial real estate and bridge loans, spreading of rent rolls, operating statements, borrower financial statements, evaluating borrow/guarantor financial support and management capabilities, and developing rationale for valuation and loan structure. The role will be responsible for all aspects of a proposed loan from the time the borrower executes Letter of Interest through loan closing.
Essential Duties and ResponsibilitiesDuties and Responsibilities include, but are not limited to the following:Underwrite loan opportunities on commercial real estate properties on a nationwide basisAnalyze loan files and review supporting documentation for completenessAnalyze financial statements to determine operating trends and viability of businessesReviews Tax returns and additional credit information to assess borrower/guarantor net worth and potential supportPrepare detailed analyses of historical property operations to make informed decisions about future performancePrepare credit memorandum for presentation to Investment CommitteeResearch and investigate applicable industry and market data/trendsDetermine collateral valuation for real estate and business assets securing the loanCoordinates and incorporates 3rd party reports into their credit analysisProjects loan level cash flows based on potential resolution outcomesPresent underwriting analysis to investment committee and makes structure recommendations.Other Responsibilities may include:Work on special projects as assignedAssists origination credit officers as neededAssists asset managers on relationships as neededInteracts with Capital Markets on an as needed basis to support pricing modelsParticipates in periodic meetings with Commercial Lending and Senior Management to monitor portfolio trends and specific asset performanceWork with IT and Application Development on building and supporting underwriting modelsRecruits qualified candidates for credit departmentDemonstrates behaviors which are aligned with the organization's desired culture and valuesQualificationsThe ideal candidate should possess the following skills:
5 or more (5+) years' work experience in CREMinimum of five (5) years' experience as an underwriter underwriting multiple types of commercial real estate loans in a financial institution (or equivalent)Experienced in modelingExperience in reviewing and analyzing third party reports, including appraisals, environmental, engineering and seismic studiesAbility to work on multiple transactions simultaneously and work effectively in a collaborative environmentStrong analytical skills with advanced proficiency in Excel, Word and Power PointStrong, clear and concise communication skills including ability to write and orally present workout strategies.Ability to exercise good judgment and solve problems independently.Desire to contribute in a variety of ways to the overall success of the enterprise.Some travel may be required.
Thank you for your interest!
If your background aligns with our clients needs, one of our Recruiters will reach out.
Please Check your spam folder and voicemail for messages from our recruiters.
Unfortunately due to high volumes of applicants, we may not be able to respond to those who are not a fit. If you do not hear from us regarding this application, please know we do appreciate your interest and encourage you to continue to keep an eye on our website for new opportunities.