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Berkadia about 3 years ago
bankingfinancialtravel
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The Opportunity This is a remote opportunity that can sit anywhere in the USAt Berkadia, our Underwriter's play a critical role in delivering an exceptional and smooth experience for our clients. Berkadia has an immediate opportunity for an experienced professional to join us in our Government-Sponsored Enterprise (GSE) Conventional Mortgage Underwriting group.Using your relationship-building skills, attention to detail and related industry knowledge, you will be responsible for analyzing and underwriting potential loans on complex commercial real estate loan applications for our Freddie Mac (FMAC) lenders across a range of multifamily assets. The main duty of the Underwriter is to determine whether the transaction and the potential borrower presents an acceptable level of risk.  * Analyze and review borrower credit information and structure, third party reports, property financial and physical information to determine deal viability.* Perform site inspection due diligence to evaluate market competitiveness of the proposed collateral and to determine economic feasibility of the projected income stream.* Prepare underwriting narratives and independent cash flow value estimates, focusing on large, complex transactions, including multifamily, office, retail, and construction loan deals.* Present recommendations to the appropriate approval committee, including all key documentation (term sheets, applications, commitments, credit memos, etc.).* Communicate consistently with the Company’s mortgage banking network and manage borrower clients through the approval and closing process.* Collaborate with loan officers, loan closers, and legal counsel to move loan requests through the approval and closing process.* Conduct and participate in customer meetings and conference calls.* Cross-train across the Company’s various products and exit strategies to cultivate ability to underwrite a variety of deal types.* Other duties as assigned.What you will need to be successful: * Minimum three years of experience as an underwriter for a commercial real estate firm, working with Mortgage Bankers on FMAE/FMAC multifamily housing loans.* Bachelor’s degree or equivalent required.* Detailed knowledge of commercial real estate underwriting, including the development of cash flow forecasts and pricing metrics.* Ability to work in a fast-paced environment and move quickly through assignments to ensure deadlines are met.* Excellent oral and written communication skills.* Leadership ability to work with and instruct our Analysts, other Underwriters, and other groups both internally and externally.* Ability to travel occasionally.* Office location is flexible, including remote or hybrid office potential.#LI-EP1 #LI-Remote #Salary and compensation

No salary data published by company so we estimated salary based on similar jobs related to Travel and Non Tech jobs that are similar:
$60,000 — $95,000/year#LocationChicago, Illinois, United States