Multifamily Underwriting Analyst

M&T Bank
Baltimore, MD
Jan 23, 2022
Jan 27, 2022
Full Time
Flexibility.Creativity.Focus. M&T Realty Capital Corporation(R) is a full-service mortgage banking company that specializes in providing competitive financing nationwide for commercial properties, including multifamily, healthcare facilities, office, industrial, retail, and student, seniors, and military housing. We are a wholly-owned subsidiary of M&T Bank-one of the 20 largest US headquartered commercial bank holding companies-and offer the following financing options: Fannie Mae DUS(R)Freddie Mac Optigo(R)FHA/HUD HealthcareFHA/HUD MultifamilyLife insurance companyConduit (CMBS)Small Loan program Top Ten HUD Lender * Top Five Fannie Mae Green Lender * Top Five Fannie Mae Seniors Lender Overview:Responsible for due diligence and direct underwriting specializing in Agency Screening and Analysis and Agency Underwriting. Primary Responsibilities:Analyze/Spread operating statements for multifamily or commercial loan transactions in accordance with specific investor guidelines.Responsible for accurate loan sizing and overall risk assessment prior to/or after application utilizing specific Investor underwriting guidelines and requirements.Interview prospective borrowers and property managers to obtain critical property, management, and borrower details for each transaction.Work closely with loan originators to help negotiate deal terms and resolve outstanding issues.Interact with respective Investor Representatives (Fannie Mae, Freddie Mac, etc) regarding loan transaction terms and waivers.Obtain and review all third party reports associated with each transaction as required by specific investor.Completion of underwriting narrative/committee package.Review of commitment letter and handoff to loan closing department.Complete other related duties as assigned. Scope of Responsibilities: Underwriters are required to use analytical skills to review rent roll, operating statements, financial statements, third party reports (real estate appraisals, market studies, physical needs reports and environmental reports) to make credit judgments and prepare the required application submissions to the appropriate agency.Education and Experience Required:Bachelors or equivalent in work experience and 2 years underwriting or related experience to include completion of multifamily inspection training (or similar work experience and credit training) or in lieu of a degree a combined minimum of 6 years' higher education and/or work experience including a minimum of 2 years underwriting or related experience to include completion of multifamily inspection training (or similar work experience and credit training).Ability to multi-taskGood verbal and written communication skillsGood analytical skillsProficiency with Excel and Word programs Education and Experience Preferred:Three years commercial real estate experience or equivalent real estate education preferred. M&T Offers: Competitive salary + bonusMedical/Dental/Prescription/Vision/Life InsuranceLong & Short-Term Disability at no costPTO + 12 paid holidays/PTO buyHealth Savings & Flexible Spending Accounts401(k) with 5% match/Roth/Discretionary Employer ContributionStock Purchase PlanDiversity & Inclusion Council14 Resource Group charters with 69 chaptersD&I Sponsorship ProgramWellness ProgramsEmployee DiscountsDress for your day! www.mandtrealtycapital.comLocationBaltimore, Maryland, United States of America