Senior Underwriter

Morgan Stanley • West Odessa, TX

1d • Remote

About The Position

Morgan Stanley is a global financial services leader with three core businesses: Institutional Securities, Asset Management, and Global Wealth Management. Global Wealth Management is offered by the Morgan Stanley Wealth Management (MSWM) franchise, which has one of the world’s largest networks of Financial Advisors. Morgan Stanley is enhancing its lending, trust, and cash management capabilities, combining its lending financial services business with private banking products to tailor solutions for clients. Morgan Stanley Home Loans is expanding its retail Mortgage Lending Division and is seeking experienced, positive, and motivated individuals to join its underwriting team. The successful candidate will possess a combination of deal structuring and underwriting skills and experience underwriting mortgage loans for sophisticated borrowers with complex income streams. Sr. Mortgage Underwriters are responsible for analyzing clients’ financial background and making lending decisions.

Requirements

• Private bank lending experience, business relationship management or commercial credit analysis experience including providing business financing
• Minimum 6-10 years’ experience credit analysis and underwriting for high net-worth individuals
• Experience underwriting non-conforming loans
• Experience structuring and underwriting loans held in entities i.e. LLCs and Trusts
• Experience in pipeline management
• Ability to comprehend business financial statements and personal and business tax returns
• Advanced verbal and written communication skills, including ability to articulate a borrower’s financial profile and associated risks
• Superior knowledge of underwriting and credit risk principles
• Ability to recognize, mitigate and escalate risks where appropriate
• Experience with structured credit transactions including terms, covenants, etc. and impact to mortgage product
• Ability to communicate effectively with senior leadership and partners
• Ability to review and understand high value property appraisals and title review, including entity vesting
• Ability to structure and re-structure complex loan scenarios
• Complex self-employed income analysis and cash flow expertise
• Ability to partner and collaborate within a deal team (comprising of Mortgage Consultants, Relationship Managers, Loan Processors, Private Bankers and Financial Advisors)
• Comfortability in communicating with CPAs, CFOs, Business Managers, etc.
• Experience with wealth management clients
• Extraordinary client service aptitude
• Meticulous follow-up and follow through
• Ability to work under tight timelines
• Excellent attention to detail

Nice To Haves

• College degree
• advance degree

Responsibilities

• Underwrite and analyze multifaceted mortgage loans for high net-worth clients within delegated credit authority and in accordance with MSPBNA credit policy, lending standards and risk appetite
• Proactively and effectively manage and maintain a pipeline of complex transactions
• Provide guidance as related to complex income scenarios to partners and junior team members
• Perform complicated income, business financial statement and tax return analysis
• Assist in identifying or recommending alternative loan solutions
• Provide onboarding and training to new team members

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 5,001-10,000 employees