Underwriting Analyst - GSE

Colliers International•Minneapolis, MN

16d•$65,000 - $74,000•Hybrid

About The Position

Colliers is seeking an Underwriting Analyst to support its Agency/GSE underwriting team. Analysts in this role will assist the senior underwriting team from pre-underwriting analysis through the completion of the final loan narrative. This includes conducting in-depth financial analysis, identifying strengths and weaknesses of prospective multifamily loans, and presenting findings to the internal Loan Committee. The role is within an enterprising environment that offers opportunities to learn about the business and gain experience to accelerate career growth.

Requirements

Bachelor’s Degree in Real Estate, Finance, Business, Accounting, Economics, or related field required.
Foundational understanding of Commercial Real Estate financing gained through successful completion of Real Estate focused coursework, internships, extracurricular activities, or professional experience strongly preferred.
Multifamily/Commercial Real Estate underwriting experience desired, but not a requirement.
Exceptional written and verbal communication skills required.
Intermediate Microsoft Office skills required, with advanced financial and data manipulation functions in Microsoft Excel preferred.
Ability to review and analyze complex financial documents.
Broad intellectual curiosity including the ability and desire to grow professionally.

Responsibilities

Assist the Fannie Mae DUS underwriting team in completing prospective loan narratives and updating financial models with rent rolls, budgets, operating statements and third-party report conclusions.
Collaborate with the underwriting, production, and closing teams to determine deal timelines and identify challenges to prospective loans.
Support the underwriting team in the credit review of prospective loans.
Perform in-person property/site inspections and complete lease audits verifying property operations.
Maintain due diligence checklists.
Conduct market research to evaluate comparable properties and local market trends, utilizing tools such as CoStar and various third-party appraisal reports.
Evaluate the strengths, weaknesses, and mitigants of prospective loans, while developing and maintaining a strong understanding of the Fannie Mae DUS Program guidelines.
Recognize and analyze industry trends, including current economic conditions, interest rate environment, and demographic trends.
Coordinate and compile Loan Committee packages.
Other duties as assigned.