AVP or VP, GSE Underwriting

Walker and Dunlop, Inc.•Irvine, CA

56d•$115,000 - $175,000•Hybrid

About The Position

We are Walker & Dunlop. We are one of the largest providers of capital to the commercial real estate industry, enabling real estate owners and operators to bring their visions of communities - where people live, work, shop, and play - to life. We are committed to creating meaningful social, environmental, and economic change in our communities. Department Overview GSE Underwriting is responsible for pre-screening and underwriting all Fannie Mae and Freddie Mac loans. The Impact You Will Have This position reports to the Deputy Chief Underwriter and serves as a senior member of the Underwriting Management Team.

Requirements

Bachelors preferred
7+ years of work experience in commercial real estate finance with strong exposure to multifamily and extensive knowledge of the Fannie Mae DUS program required
Demonstrated knowledge of and experience in underwriting. This includes but would not be limited to a strong working knowledge of the key players in the industry, the issues and trends facing the industry, the ability to identify and underwrite the key credit, sponsor related risks, and the ability to evaluate alternative risks carefully when structuring a transaction, and a demonstrated knowledge of property operations.
Demonstrated leadership with evidence of increasing responsibility throughout career history and at least 5 years of direct supervisory responsibility.
Demonstrated analytical skills with the ability to evaluate data quickly make decisions based on imperfect data, and take action in order to assist the team in moving its transactions forward.
Excellent interpersonal and presentation skills and the ability to effectively communicate with all levels of management.
Demonstrated commitment to innovation and change and willingness to take initiative to accomplish change.
Demonstrated ability to develop and execute solutions to complex issues and transactions.
Extensive multifamily experience across a wide range of financial and product executions.
Demonstrated business management experience as well as a demonstrated capacity to provide leadership in closing deals.
Knowledge of Fannie Mae's DUS and Freddie Mac's Program Plus products is required.
Ability to show ownership of your work, take on challenges and acknowledge growth opportunities, and demonstrate patience when learning new processes.
Courtesy, respect, and thoughtfulness in teaming with colleagues and other stakeholders.

Responsibilities

Demonstrate an understanding of the history and function of Fannie Mae, Fannie Mae DUS, DUS Lenders, Freddie Mac and Freddie Mac Program Plus.
Manage, oversee, train and develop members of the underwriting team and the underwriting process.
Structure, underwrite, monitor, and perform due diligence for multifamily housing products and transactions.
Evaluate and manage risk issues using a comprehensive risk management approach.
Develop and manage critical business relationships, which include cultivating favorable relationships with internal and external contacts.
Anticipate and resolve issues for customers and team members.
Demonstrate mastery of Freddie Mac and Fannie Mae methodology for building up Proforma income and expenses.
A high level of computer proficiency is required in Excel and Word.
Demonstrate mastery of the Freddie Mac and Fannie Mae Guides and periodic updates on an on-going basis in order to cultivate continuous improvement.
Conduct site visits to assess the condition and quality of multifamily projects, their management, and their marketplaces.
Review third-party Appraisals, Engineering Reports, Seismic Reports, Phase I Environmental Assessments and Operations and Maintenance (O & M) Reports where necessary to assist the underwriting teams.
Ensure Underwriting staff generates accurate and analytical Narratives for submission to Loan Committee.
Work with Asset Management, Production, Closing and others as appropriate to closely monitor the performance and help develop and regularly refine benchmarks and metrics for evaluating the performance of the portfolio.
Work closely with Freddie Mac and Fannie Mae team members on resolving deal specific issues in a timely manner.
Frequent business travel required.
Communicate and problem-solve daily with teammates, clients, vendors, and other stakeholders, often in combination with travel
Other skills related to building a career in Underwriting!
Perform other duties as assigned.
Attendance is generally required from 8:30 am - 5:30 pm local time, Tuesday through Thursday, with the option to work remotely on Mondays and Fridays.

Benefits

The opportunity to join one of Fortune Magazine's Great Places to Work winners from 2015-2023
Comprehensive benefit options that have earned Walker & Dunlop the silver level of the 2022 Cigna Healthy Workforce Designation, some of which include:
Up to 83% subsidized medical payroll deductions
Competitive dental and vision benefits
401(k) + match
Pre-tax transit and commuting benefits
A robust health and wellness program - earn cash rewards and gain access to resources that promote health, engagement, and balance
Paid maternity and parental leave, as well as other family paid leave programs
Company-paid life, short and long-term disability insurance
Health Savings Account and Healthcare and Dependent Care Flexible Spending
Career development opportunities
Empowerment and encouragement to give back - volunteer hours and donation matching
Eligibility may vary based on average number of hours worked