Senior Agency Underwriter - Conventional

Colliers International • Minneapolis, MN

1d • $115,000 - $190,000 • Remote

About The Position

Make your next move an expert one. 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.

Requirements

• 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.
• 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
• Regular and reliable attendance required.
• Occasional domestic travel required

Nice To Haves

• Experience with seniors and affordable housing, preferred
• MBA Multifamily Inspection Training certificate preferred but not required.

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

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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees