Sr. Underwriter - FHA

BGC Partners
Bethesda, MD
Aug 04, 2022
Aug 15, 2022
Accountant, IT
Full Time
About Newmark (Nasdaq: NMRK): Newmark Group, Inc., together with its subsidiaries ("Newmark"), is a world leader in commercial real estate services, with a comprehensive suite of investor/owner and occupier services and products. Our integrated platform seamlessly powers every phase of owning or occupying a property. Our services are tailored to every type of client, from owners to occupiers, investors to founders, growing startups to leading companies. Harnessing the power of data, technology, and industry expertise, we bring ingenuity to every exchange, and imagination to every space. Together with London-based partner Knight Frank and independently owned offices, our 18,800 professionals operate from approximately 500 offices around the world, delivering a global perspective and a nimble approach. In 2019, Newmark generated revenues in excess of $2.2 billion. To learn more, visit or follow @newmark . Newmark's Multifamily Capital Markets team offers a fully integrated global investment sales and lending platform. From marketing the sale of single assets and portfolios to structuring complex debt solutions to providing life-of-loan servicing and asset management, we offer comprehensive services tailored to our clients' unique needs. With over $37 billion in multifamily transaction volume annually, our Multifamily team works collaboratively with clients to craft and execute targeted strategies, effectively optimizing the capital structure, increasing efficiency and maximizing value. The Investment Sales team is recognized nationwide for its expertise, providing asset-specific customization that yields highly effective transaction strategies. Tapping into our proprietary database, each advisor has real-time access to unique market intelligence, driving demand and matching each client's assets to a diverse group of investors, from private and institutional owners to global investors. Investment Sales advisors work closely with the Debt & Structured Finance team on loan origination, underwriting, closing, life-of-loan servicing and asset management. This experienced team provides clients with innovative and comprehensive solutions by accessing a full suite of debt products, including Fannie Mae, Freddie Mac, FHA, Bridge, Life Company, Bank and CMBS products. Job Description: We are seeking Underwriters with 3+ years of commercial underwriting experience with large loans -- GSE multifamily experience is preferred. The Underwriter's primary responsibilities will be to provide day-to-day financial, market, and underwriting analysis of multifamily loans. This is an excellent opportunity to be thoroughly educated about the underwriting of multifamily mortgages, to have extensive contact with our clients, and to train under the premier programs (Fannie Mae and Freddie Mac). This position affords the opportunity to work closely with our Senior Credit team and Originators on the structuring and underwriting of transactions. The position requires prior DUS underwriting experience with extensive familiarity of Fannie Mae and Freddie Mac Multifamily Guides. Essential Job Duties: Analyze, interpret, and underwrite complex multifamily real estate transactions in compliance with respective agency guidelines (Fannie Mae and Freddie Mac) Conduct detailed economic and demographic research to determine feasibility of transactions Prepare and present comprehensive loan approval package to credit committee Develop and maintain strong relationships with origination and closing departments and external agency investors Conduct comprehensive inspections of physical real-estate assets on an as-needed basis Skills, Education and Experience: BS/BA degree in Accounting, Finance, Economics, Real Estate or other related fields preferred 3-5+ years commercial underwriting experience with large loans -- GSE multifamily experience Prior DUS underwriting experience with extensive familiarity of Fannie Mae and Freddie Mac Multifamily Guides Highly developed analytical, research and written/oral presentation skills Ability to problem-solve and exercise independent judgment while displaying a high degree of initiative and accuracy Demonstrated ability to organize & prioritize projects; complete multiple tasks on schedule Ability to work productively under minimal supervision Proficiency in Microsoft Office, especially in EXCEL and Word Strong work ethic Strong team, leadership, negotiation and interpersonal skills Proactive team player, able to work effectively under sometimes stressful conditions Ability to travel a minimum of 10-20% Benefits and Perks: Industry leading Parental Leave Policy (up to 16 weeks) Generous healthcare Bright Horizons back-up care program Generous paid time off Education reimbursement Referral Program Opportunities to network and connect within the industry Working Conditions: Normal working conditions with the absence of disagreeable elements. Note: The statements herein are intended to describe the general nature and level of work being performed by employees, and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified. Newmark is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.