Analyst - Underwriting
JLL - Atlanta, GA
Position Summary:
ANALYST: MULTI-FAMILY LOAN UNDERWRITING
OVERVIEW
We are currently seeking an Analyst to join our Loan (Fannie Mae/Freddie Mac) Underwriting Team. The Analyst will become familiar with the Fannie Mae and Freddie Mac financing programs being offered by JLL and the required processing responsibilities outlined for each program. The ideal candidate will demonstrate ability for details, organization and an analytical orientation, and possess the initiative to work in an independent and reliable manner.
ESSENTIAL FUNCTIONS
- Analyze property operating statements and rent rolls and determine a pro-forma NOI used for Loan determination, to be reviewed and approved by underwriting
- Review reports completed by third parties, including but not limited to appraisal, physical condition assessments, architectural/cost, market study, environmental, zoning and any other relevant third party reports for accuracy and compliance with Investor requirements
- Complete various sections of the Underwriting workbook
- Complete various sections of the Underwriter’s narrative (e.g., Property Description, Market, Submarket, Management, PNA, Environmental, Appraisal, Wavier Form)
- Review all documentation received from client/borrower for completeness and accuracy
- Offer direction to the team for guide compliance, and assist with underwriting/closing timeline
- Work with underwriter and vendors to ensure that all parties have a clear understanding of their responsibilities
- Analyze and evaluate borrower ownership structures to ensure that the application meets underwriting guidelines
- Regularly communicate loan status updates to underwriting team and originators as appropriate
- Work closely with closing team to complete any outstanding due diligence that may be required to close the loan
- Create and foster relationships with Fannie Mae and Freddie Mac personnel
EDUCATION AND EXPERIENCE
- Undergraduate degree in a business related field (i.e., Finance, Accounting, Real Estate)
- 2 years of analytical and financial modeling skills in an investment environment (Real Estate background preferred)
KNOWLEDGE, SKILLS, AND ABILITIES
- Familiarity with Agency multifamily loan procedures such as Fannie Mae DUS and Freddie Mac loan process
- Willingness and ability to learn new technology
- Ability to work independently, unsupervised, and as a team player
- Excellent interpersonal, communication, problem-solving and organization skills.
- Must be able to physically inspect multiple residences and common areas within an apartment complex, as well as inspect comparable properties within the market
- Strong time management skill and ability to operate under demanding deadlines
- Excellent attention to detail with the ability to audit own work
- Knowledge of Microsoft office (Word, Excel, Outlook, Access)
Start a lasting career with JLL today!
Total Rewards reflects JLL’s investment in employees’ needs and preferences in Career, Recognition, Well-being, Benefits and Pay. We offer a competitive salary and benefits package. To be considered, please visit our Web site at www.us.am.joneslanglasalle.com/UnitedStates/EN-US/Pages/Careers.aspx to apply online. All resumes MUST BE submitted via our web site. Please reference Job 48365BR
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Posted: 30+ days ago
