Senior Agency Underwriter - Conventional
Colliers International
Seattle, WA
JOB DETAILS
JOB TYPE
Full-time, Employee
SKILLS
Affordable Housing, Analysis Skills, Budgeting, Business Administration, Capital Markets, Commercial Loans, Communication Skills, Comparative Analysis, Compensation Management, Credit Analysis, Credit Risk, Demographics, Environmental Site Assessment (ESA), Fannie Mae (FNMA), Financial Modeling, Financial Trend Analysis, Home Inspections, Industry/Trade Analysis, Interest Rates, Leasing, Loan Closing, Loan Underwriting, Loans, Market Analysis, Market Research, Market Trend Analysis, Microsoft Excel, Microsoft Office, Military, Mortgage, Operational Audit, Presentation/Verbal Skills, Property Maintenance, Rental Listings, Risk Analysis, Sales, Site Evaluation, Student Housing, Time Management, Training/Teaching, Trend Analysis, Underwriting, Willing to Travel, Work From Home, Writing Skills, Zoning
LOCATION
Seattle, WA
POSTED
22 days ago
At Colliers it's not our success that sets us apart, it's how we achieve it. Our people are passionate, take ownership and always do what's right for our clients, people and communities.
Why Colliers?
Our enterprising environment needs your expertise to facilitate Colliers' continued growth as an industry leader. Our nimble, decentralized culture can provide you with a wealth of opportunities to learn about our business and quickly gain experience to accelerate your career.
*** Remote work available for well qualified candidates ***
Colliers Mortgage is seeking a Senior Underwriter as a member of our Agency Credit Underwriting team. Senior Underwriters are responsible for the underwriting of complex loan transactions within Agency multifamily guidelines as well as providing training and oversight to Underwriting Analysts. As part of the underwriting process, the Senior Underwriter reviews and determines the eligibility of the proposed commercial loan through analysis of credit, experience, market information, operating history and property condition.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Evaluate the credit risk of prospective loan and sponsor, while developing and maintaining a strong understanding of the Fannie Mae Multifamily Selling and Servicing guidelines
Complete analysis within the prospective commercial loan financial model with rent rolls, budgets, operating statements and third-party report conclusions
Prepare thorough narrative summarizing commercial loan terms, the property, the market, and overall strengths and risks of the transaction.
Complete detailed Sponsor Analysis, including review of relevant experience, financial statements, bank statements and schedules of real estate owned.
Perform in-person property/site inspections and complete lease audits verifying property operations
Conduct market research to evaluate comparable properties and local market trends, utilizing CoStar and third-party appraisal reports
Recognize and analyze industry trends, including current economic conditions, interest rate environment, and demographic trends
Review and approve third party reports including, but not limited to: appraisals, property condition assessments, environmental site assessments (phase 1 and 2) and zoning reports
Manage and maintain underwriting due diligence checklist
Provide training, review, and oversight of Underwriting Analysts
Coordinate and present Loan Committee packages
Communicate closely with loan production and capital markets teams to ensure a timely rate lock and closing
Manage loans via the Fannie Mae DUS Gateway system to submit waivers and/or loan options
Compile all required final documents, including but not limited to committee package, certifications, and third-party reports, for securitization
Other duties as assigned
REQUIRED EDUCATION AND EXPERIENCE
6+ years of experience in commercial/multifamily loan underwriting/credit analysis, including property inspection experience
Familiarity with complex multifamily property types, which may include manufactured housing, student housing, seniors housing, military housing, etc. Experience with seniors and affordable housing, preferred
Intricate knowledge of Multifamily Agency Selling and Servicing Guides
Knowledge and understanding of complex borrower structures such as Delaware Statutory Trust (DST) and Preferred Equity
Experience in oversight or training of underwriting analysts
Exceptional written and verbal communication skills required
Exceptional Microsoft Office skills required with some advanced financial and data manipulation functions in Microsoft Excel preferred
Bachelor's Degree required
JOB EXPECTATIONS
Regular and reliable attendance required. Occasional domestic travel required
SUPERVISORY RESPONSIBILITY
Some transactional experience in overseeing and training the underwriting analysts.
CERTIFICATES, LICENSES, REGISTRATION
MBA Multifamily Inspection Training certificate preferred but not required.
POSITION TYPE/EXPECTED HOURS OF WORK
This is a full-time position. Days of work are Monday through Friday during standard business hours.
TRAVEL
Occasional domestic travel is required for this position.
BENEFITS
We offer a comprehensive benefits package for employees and their families including medical and dental plan; 401k plan including company matching; firm funded life and disability insurance.
COMPENSATION
Pursuant to the laws regarding job postings where the position is located, Colliers is disclosing the following information:
Approximate Salary Range: $115,000 - $190,000
This position is also eligible for a discretionary bonus
Our compensation ranges are determined by role, level, and location. The range displayed on this job posting reflects the minimum and maximum target for new hire salaries for the position across all US locations. Within the range, individual pay is determined by work location and additional factors, including job-related skills, experience, and relevant education or training.
#LI-KS1
Make your next move an expert one and join us as we lead the industry into the future.
Direct applicants only please, no agencies.
Colliers provides equal employment opportunity to all persons. No employee or applicant for employment will be discriminated against because of race, creed, origin, marital status, sexual orientation, age, otherwise qualified disabled or veteran status or any other characteristic protected by law. If you are a qualified applicant who requires reasonable accommodation to complete a job application, pre-employment testing, a job interview or to otherwise participate in the hiring process, please contact accommodations@colliers.com
Colliers is an equal opportunity employer and values diversity in its workforce. Colliers encourages applications from all qualified individuals and will accommodate applicants' disability-related needs, up to the point of undue hardship, throughout all stages of the recruitment and selection process. If you require a disability-related accommodation in order to participate in the recruitment process, please contact the recruitment team by email at canada.careers@colliers.com.
About the Company
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