Underwriter, Chevy Chase

At Berkadia we are redefining the industry with long-term investments in people and technology that deliver actionable insights and create the best customer experience. From acquisition to disposition, we service all commercial property types including multifamily, retail, office, industrial, affordable housing, seniors housing, hotels, student housing, and manufactured housing.

The Underwriter is responsible for analyzing and underwriting potential loans on complex commercial real estate loan applications across a broad spectrum of asset types. The main duty of the Underwriter is to determine whether the transaction and the potential borrower presents an acceptable level of risk.  

Responsibilities

• Analyze and review borrower credit information and structure, third party reports, property financial and physical information to determine deal viability.
• Perform site inspection due diligence to evaluate market competitiveness of the proposed collateral and to determine economic feasibility of the projected income stream.
• Prepare underwriting narratives and independent cash flow value estimates, focusing on large, complex transactions, including multifamily, office, retail, and construction loan deals.
• Present recommendations to the appropriate approval committee, including all key documentation (term sheets, applications, commitments, credit memos, etc.).
• Communicate consistently with the Company’s mortgage banking network and manage borrower clients through the approval and closing process.
• Collaborate with loan officers, loan closers, and legal counsel to move loan requests through the approval and closing process.
• Conduct and participate in customer meetings and conference calls.
• Cross-train across the Company’s various products and exit strategies to cultivate ability to underwrite a variety of deal types.
• Other duties as assigned.
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Supervisory Responsibilities

This job has no supervisory responsibilities.

Qualifications

• Ability to work in a fast-paced environment and move quickly through assignments to ensure deadlines are met.
• Excellent oral and written communication skills.
• Must be proficient in MS Office Suite.
• Bachelor’s degree or equivalent
• Three to five years prior experience in a similar position.

Employee Benefits

• 18 PTO days + 2 floating holidays & 10 paid holidays per year
• Generous tuition reimbursement towards a Masters or Bachelors degree
• 401K match up to 6%
• 12 weeks of 100% paid paternity/maternity leave
• Mentorship with industry professionals

Berkadia is an equal opportunity employer and affords equal opportunity to all applicants and employees for all positions without regard to race, color, religion, gender, national origin, age, disability, veteran status or any other status protected under local, state or federal laws.