Vice President - Senior Underwriter

Posted:
11/6/2024, 7:41:47 AM

Location(s):
Maryland, United States ⋅ Chevy Chase, Maryland, United States

Experience Level(s):
Expert or higher ⋅ Senior

Field(s):
Sales & Account Management

Are you looking for the opportunity to make an impact?

Berkadia’s mortgage banking platform is consistently ranked among Fannie Mae, Freddie Mac and HUD’s top lenders and is seamlessly integrated with our investment sales and servicing platforms to provide superior client service. Let the strongest research, technology, capital relationships, and a nationwide network of industry professionals propel you to the next stage of your commercial real estate career. Be Backed by the Best. Be Berkadia.

We Innovate to shape the future of CRE, so in this role you will:

  • Work with the DCUW to ensure adherence to the Company’s policies and procedures associated with its GSE housing underwriting standards.
  • Review debt application packages for conformance to GSE housing guidelines. Determine whether loan sizing is consistent with program criteria.
  • Critically review borrower credit information, third party reports, property financial and physical information to determine whether the borrower and property meet program requirements.
  • Ensure accuracy and compliance with GSE Guides, required forms and third-party reports.
  • Draft and finalize the underwriting submittal package, which includes describing the transaction’s strengths and weaknesses, discussing risks and mitigates, and requesting any associated waivers. This also includes the final review and approval of all related reports and documents connected with the transaction.
  • Provide necessary support and direction during the closing process to assure conformity with the major credit terms of the transaction.
  • Ensure the DCUW, originators and analysts remain informed of project specific progress and issues on a proactive basis, to facilitate the smooth execution of all transactions under application.
  • Provide GSE housing program training and mentoring internally to analysts, other underwriters, analysts, GPO and other team members as needed.
  • Remain current on GSE housing programs, policies, and legislation, including participation in regular training with Freddie Mac, Fannie Mae and other GSE housing funding providers.
  • Participate in process improvements and technological initiatives that facilitate smooth deal execution, as needed.
  • Other duties as assigned.

We Stand for Excellence, so to achieve success in this role you should have:

  • Exceptional credit sense, judgment, and decision-making skills, with demonstrable technical skills in underwriting, structuring, and closing complex multifamily deals.
  • Requires an independent worker with strong project management skills, excellent accuracy and attention to details, and an ability to adjust to industry changes.
  • Ability to travel for property inspections, Agency training, industry and company conferences, training of analysts as required.

We believe People Matter, so we offer benefits that go beyond:

  • Monthly paid volunteer hours and donation matching to benefit our communities 
  • Employee Resource Groups that help you grow with us
  • Fertility and family planning services  
  • Up to 12-weeks of fully paid parental leave   
  • Mental health care, including free counseling sessions:  
  • We'll help you fund your learning journey with generous tuition reimbursement 
  • Pet insurance discounts 
  • And more! 

Be the Next Big Thing. Be Berkadia.

#LI-VB1

 

Berkadia, as an equal opportunity employer, celebrates our employees’ unique differences, which we believe drives personal and company-wide innovation and creates a people-first culture where your career can take the long view. To achieve these goals, we are committed to the full inclusion of all qualified individuals, without regard to race, religion, age, color, national origin, gender, sexual orientation, gender identity or expression, marital status, domestic partner status, military and veteran status, disability, pregnancy, parental status, genetic information, political affiliation, or any other status protected by federal, state and local laws.   

In keeping with our commitment, Berkadia takes the necessary steps to provide a workplace free from harassment and discrimination, as well as access and reasonable accommodations for individuals with disabilities. If you require reasonable accommodation to take part in the interview process, please contact [email protected].

You have rights under Federal and State employment laws. No question in this Application is intended to elicit information in violation of any such law, nor will any information obtained in response to any question be used in violation of any such law. If you apply for this role, you are acknowledging Berkadia's Application Policy and Berkadia's Privacy Policy. Please click the following links for more information about: EEOC, Employee Rights under the FMLA, EPPA.