Underwriting Analyst, Agency at Arbor Realty Trust

Job Purpose

The Underwriting Analyst will be responsible for assisting the Underwriter/Senior Underwriter with the Underwriting of loans under various Agency (Fannie Mae & Freddie Mac) financing programs.

Essential Job Functions (Duties/Responsibilities)

The Underwriting Analyst will have the following duties and responsibilities, including but not limited to:

• Collect, package, review and reconcile loan application documents including financial/credit exhibits under various underwriting programs
• Order and perform the preliminary review of all third party reports (appraisal, inspection and environmental) for compliance with guidelines
• Underwrite Multifamily Loans in accordance with (GSE) Fannie Mae and (GSE) Freddie Mac Agency guidelines and requirements, while adhering to established timelines
• Prepare thorough Underwriting Narrative and Loan Calculation Worksheet for presentation to Arbor’s Loan Committee to evaluate creditworthiness
• Collect, analyze, and approve all required due diligence for Multifamily loans specific to either Fannie Mae or Freddie Mac
• Formulate Net Operating Income in accordance with GSE Guidelines using sponsor submitted operating data and appraisal proforma data
• Review and analysis of loan application documents including:
  • Financial/credit exhibits
  • Review of all third party technical reports for Underwriting
• Liaise with Arbor’s upper management and Origination staff, along with and GSE Representatives as necessary
• Assist the underwriter in Preparing and presenting comprehensive loan approval package to credit committee
• Perform property and market inspections to evaluate property conditions and market/submarket dynamics

Qualifications                                               

Education: Bachelor’s degree in Finance, Economics or a related discipline and have a familiarity with the terms and concepts of real estate finance.

Experience: Minimum of one year experience with multifamily loan processing, analysis and/or underwriting experience

Knowledge/Skills/Abilities:

• Experience in the real estate or mortgage banking/finance industry
• 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
• Hard working, a quick study, detail oriented and have the ability to work alone as well as with others to reach a common goal
• Proficient in Microsoft Office, especially in Excel and Word
• Strong work ethic and pro-active team player able to work effectively in a fast-paced environment
• Possess excellent analytical, communication, organizational and multi-tasking skills
• Must be able to mentor and train junior staff

Arbor Realty Trust, Inc. offers a competitive base salary and discretionary bonus. The annual base salary range for this position is $70,000 to $75,000. The specific compensation that will be offered is based on an understanding of the hired candidates' qualifications at the time of hire. Employees are eligible for a discretionary bonus based on employee work performance reviewed during the course of the year. The total compensation package for this position will also include other elements, a full range of medical, and/or other benefits including 401(k) eligibility and paid time off benefits.

We are proud to be an equal opportunity employer and are committed to maintaining a diverse workforce and an inclusive work environment for our associates, customers and business partners. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability, ethnicity, pregnancy or any other legally protected status. We are committed to working with and providing reasonable accommodations to individuals with disabilities.