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Underwriter (Walker & Dunlop)
Ref No.: 16-08168
Location: Atlanta, Georgia
Essential Duties and Responsibilities:
The primary duties through the underwriting process are as follows:
Quotes and Application. Assist Loan Officers and Regional Managers in issuing quotes and applications: preliminary estimate of NOI and determination of threshold issues to estimate debt service coverage and loan-to-value ratios.
Underwriting. After receipt of an application and fee from a borrower, the Underwriter is responsible for the underwriting process including the following:
  • Establish underwriting timeline in conjunction with the loan officer and closing coordinator.
  • Oversee generation of borrower's checklist for the proper product type and introducing borrower to the information requirements
  • Selecting contractors and initiation of the necessary third party reports for the underwriting process (e.g., appraisal, environmental, engineering)
  • Conducting a due diligence review of issues relating to the property's market, location, condition, borrower and principal's mortgage credit issues, property management and other issues relevant to risks identified in items collected from the borrower's checklist.
  • Conduct a critical review and analysis of the appraisal, including a review of the market analysis, property description, real estate tax analysis, zoning analysis, and the comparable properties submitted.
  • Conduct a critical review and analysis of the engineering report and environmental reports plus additional reports included as part of the underwriting including, seismic studies, market studies, etc., as appropriate.
  • Conduct site and market visits
  • Summarize the transaction by preparing a presentation for the Loan Committee.
  • Additional duties and responsibilities may be assigned as required.
Knowledge, Skills and Abilities:
  • Deductive reasoning ability, advanced analytical and problem solving skills.
  • Strong computer skills and competency with electronic communications devices (e.g., voice mail, computer, e-mail and fax).
  • Advanced communications skills, including ability to make formal presentations using visual aids, the ability to influence and persuade a wide variety of audiences.
  • Excellent interpersonal skills, to permit incumbent to interact with borrowers and lenders in a professional and tactful manner while accumulating occasionally sensitive personal information.
  • Significant travel is required.
  • Expectation is that the Underwriter will have the ability to successfully underwrite 15 to 25 loans per year and may be responsible for underwriting multiple loans at one time.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information.
Bachelors or better.
3+ years of relevant experience, including a good working knowledge of market factors relevant to multifamily property, including occupancies, rent levels, expense items; experience working with appraisers, engineering/environmental firms.
Advanced degree or professional certification (e.g., MAI, CCIM) is preferred, although relevant work experience may be a substitute.

ControlID: 14.234.89 SHR