Associate Underwriter

Bellwether Enterprise


Date: 3 days ago
City: Irvine, CA
Salary: $70,000 - $90,000 / year
Contract type: Full time
Bellwether Enterprise
Bellwether Enterprise is a national, full-service commercial and multifamily mortgage banking company that puts people and communities first. Our people are our greatest assets and create the work environment that makes Bellwether Enterprise a place of growth, productivity, and ingenuity. We implore you to explore the many career opportunities we have available here at Bellwether Enterprise!


Job Description



PRIMARY JOB FUNCTIONS:


  • Input property level profit and loss statements and project rent rolls for reconciliation and analysis

  • Learn Agency program rules and industry standards to develop underwritten pro-forma projections for net cash flow for multifamily assets

  • Order and critically analyze third party appraisals, property condition reports, and phase I environmental, and seismic for agency program compliance

  • Complete market analysis to determine trends in income, demographics, rents and occupancy levels

  • Develop understanding of Fannie Mae and Freddie Mac multifamily standards and processes

  • Assist underwriter with preparation of loan committee narrative submissions and Freddie Mac submissions

  • Assist underwriting team in the preparation of all deliverables in connection with loan closings

  • Complete project site inspections to assess quality, condition, and position within a competitive set for proposed collateral

  • Additional ad hoc financial analysis as required

  • Interface with underwriting staff, production staff, and external parties in a professional manner

  • Travel Required <20%




QUALIFICATIONS:


  • Bachelor’s Degree in Business or Finance required

  • 1 to years business experience in finance or real estate preferred

  • Multifamily experience and prior experience in a professional work environment is a plus

  • Strong proficiency with Microsoft Office Suite of products

  • Ability to operate effectively in a team environment and collaborate well with multiple parties

  • Ability to problem-solve, exercise a high degree of accuracy and complete multiple tasks on schedule

  • Excellent written and verbal communication skills




This position is eligible to earn a base salary in the range of $70k to $90k annually depending on job-related factors such as level of experience.

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