Commercial Underwriter jobs in Alexandria, VA
Recently Added Commercial Underwriter jobs
DUS Affordable Underwriter - Commercial Real Estate Finance
- NorthMarq Capital
-
Washington, DC
FULL_TIME
-
DUS Affordable Underwriter - Commercial Real Estate FinanceNorthmarq - Minneapolis, MN or Washington, DCNORTHMARQ - WHERE THE BEST COME TO THRIVENorthmarq is entering a new era, and a landmark career opportunity is waiting for you. Northmarq is independent, and fiercely so, with the freedom to do things the right way. To hire the very best. To give them the resources to thrive. We do it because that’s what we believe. Northmarq is not held back by principles, we’re propelled by them. We and our clients are growing fast because we’re providing something rare and valuable: easy access to the industry’s best talent, an agile and collaborative style, and vast resources to execute flawless deals for our clients and partners. Northmarq was voted by Real Estate Forum as one of The Best Places to Work in Commercial Real Estate!Due to fast business growth, Northmarq is seeking a DUS Affordable Underwriter to support the Capital Services team. The DUS Affordable Underwriter will be joining an active and successful Capital Services team to manage the quoting and underwriting aspects of the pipeline of Fannie affordable loans. Such duties include processing and analyzing information for loans pursuant to the guidelines required by the Fannie Mae multifamily program. The individual will work closely with a diverse group including originators, underwriters, closing officers, borrowers, legal counsel, vendors, etc., in order to keep all informed of a loan's current status/progress.Northmarq provides debt, equity, investment sales and loan servicing to commercial real estate owners and investors through our 40 offices across the U.S. Northmarq is privately owned, we are part of the Pohlad Companies family of businesses. www.northmarq.comEssential Job Functions:Analytical Skills
- Screening potential affordable transactions and obtaining Fannie quotes and waivers
- Responsible for providing support to their team by assisting in preparing loan request/investment report packaging, analyzing due diligence, and various support functions including:
- Inventory and review data provided and request additional information from the Borrower, if needed
- Gathers site, neighborhood, and city data including demographics, sales and rent comparables, absorption surveys and occupancy studies
- Analyze operating history, property rent roll, and other financial information
- Prepares underwriting template based on historical financial statements, projections, and market standards to determine a projected income, value and loan amount as directed by senior team members
- Review and analyze third party reports (appraisal, environmental, engineering, etc.) as directed by senior staff
- Review and analyze zoning and building code analysis provided by third party consultants
- Research property taxes to verify payment, outstanding taxes, exemptions and appeals
- Review Borrower structure by creating and/or reviewing organizational charts and organizational documents.
- Review and analyze Sponsor's real estate schedule
- Review mortgage verifications and certifications to evaluate Borrower's loan history payments and creditworthiness; verify liquidity
Organizational and Project Management Skills- Plans and schedules own workload to best utilize time and most efficiently provide commercial real estate research, analysis, packaging, and loan closing services
- Oversee creation of checklist and appropriate forms based on transaction and borrower structure
- Track third party report delivery timelines; Complete review on final reports and due diligence, when received
- Review Fannie Mae response letters and commitments;
- Assist in written and oral responses to internal and external parties
- Assist with closing of the transaction, as needed
- Review due diligence materials for accuracy with assistance from senior team member
Client Service- Responsible for providing borrowers with prompt quality service in a friendly and professional manner.
- Primary contact for third party vendors. Should be present for all kick off calls, status updates, etc.
Other- Training and mentoring junior underwriters
- Additional duties and leading projects will be assigned as team and department grows
What We're Looking For:- Minimum of 3-7 years of experience in Underwriting Affordable Multifamily Income producing properties.
- Four-year college degree, preferably with major in real estate finance or business administration; MBA degree desirable.
- Demonstrated analytical skills and underwriting-related experience.
- Strong computer knowledge and proficiency with Microsoft Office applications, in particularly Word and Excel, needed. Aptitude preferred for Adobe, database applications, InDesign, and Salesforce software a plus.
- Strong organizational skills with the ability to multi-task while under pressure.
- Customer service oriented.
- Ability to travel for site inspections is required.
- Excellent analytical and math skills are critical
- Demonstrated work ethic and willingness to work extended hours when necessary
- Demonstrated ability to handle multiple projects and assignments; able to prioritize and meet deadlines
- Effective oral and written communication skills
- Problem-solving skills to reflect level of responsibilities
- Ability to maintain sensitive and confidential information
- Ability to maintain positive attitude in all situations
Northmarq offers a highly competitive benefits package including: medical, dental, vision, paid time off, 401K match and an annual discretionary contribution based on business performance, paid parental leave and adoption assistance, education assistance, volunteer paid time off, charitable contribution match and so much more! - 1 Month Ago
Underwriter
- Berkley
-
Manassas, VA
PART_TIME
- Company Details BerkleyNet is an innovative workers compensation insurance provider that does all our business online. Our Goal? To make doing business “Ridiculously Fast. Amazingly Easy.” Responsibil...
- 1 Month Ago
Property Manager, Commercial Real Estate
- Redwood Commercial Management
-
Centreville, VA
FULL_TIME
- Fairfax County, Virginia, commercial property management company seeking experienced Property Manager to oversee day-to-day maintenance and administration of a portfolio of office, industrial, and ret...
- 15 Days Ago
Accounting Assistant, Commercial Real Estate
- REDWOOD COMMERCIAL MANAGEMENT
-
Centreville, VA
FULL_TIME
- Accounting AssistantJOB DESCRIPTIONGeneral PurposeThe Accounting Assistant’s responsibility is to collaborate with the Accounting Controller and other team members to successfully execute various acco...
- 15 Days Ago
Reinsurance Underwriter
- National League Of Cities Services, Inc.
-
Washington, DC
FULL_TIME
- POSITION OVERVIEW NLC Mutual serves state municipal league risk pools throughout the United States with a focus on reinsurance, risk financing, and risk management needs. The Reinsurance Underwriter i...
- 18 Days Ago
Senior Underwriter
- JG Wentworth Home Lending, LLC
-
Woodbridge, VA
FULL_TIME
- Company DescriptionHeadquartered in the Washington, D.C. suburb of Woodbridge, VA., and licensed to operate in 40 states, J.G. Wentworth Home Lending (JGWHL) has built its success over the past 15 yea...
- 1 Month Ago
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0 Commercial Underwriter jobs found in Alexandria, VA area
C&I Relationship Manager
- Eagle Bancorp, Inc.
-
Lanham, MD
- Overview We are a values driven organization putting Relationships FIRST. EagleBank (NASDAQ - EGBN) is focused on being ...
- 4/25/2024 12:00:00 AM
C&I Relationship Manager
- EagleBank
-
Lanham, MD
- Overview: We are a values driven organization putting Relationships FIRST. EagleBank (NASDAQ EGBN) is focused on being F...
- 4/25/2024 12:00:00 AM
Insurance Sales Representative
- Burke & Burke Insurance LLC
-
Annandale, VA
- Job Description Job Description Welcome to Burke & Burke Insurance! We are a family owned and operated independent insur...
- 4/25/2024 12:00:00 AM
Workers Compensation Technical Director
- Zurich Na
-
Bethesda, MD
- Zurich NA Workers Compensation Technical Director Schaumburg , Illinois Apply Now Zurich North America is currently look...
- 4/24/2024 12:00:00 AM
Risks and Claims Specialist (Term Position - Not To Exceed 4 Years & 5 Months)
- Metropolitan Washington Airports Authority
-
Arlington, VA
- Compensation Grade: H20 Salary Range: $87,915.00-$127,476.00 Opening Date: April 19, 2024 Closing Date: May 4, 2024 Plea...
- 4/24/2024 12:00:00 AM
Excess & Surplus - Production Underwriter
- Cincinnati Insurance Company, Inc.
-
Washington, DC
- Description: Make a difference with a career in insurance At The Cincinnati Insurance Companies, we put people first and...
- 4/24/2024 12:00:00 AM
Small Business Loan Officer and Underwriter- Arlington, VA
- Latino Economic Development Center (ledc)
-
Arlington, VA
- The Latino Economic Development Center (LEDC) is a private, non-profit 501(c)(3) community development corporation found...
- 4/23/2024 12:00:00 AM
Associate Underwriter II (Hybrid or Remote)
- Mid-Continent Group
-
Washington, DC
- Essential Job Functions and Responsibilities: Underwrite, price, and negotiate accounts consistent with the quality of t...
- 4/23/2024 12:00:00 AM
About Alexandria, Virginia
Alexandria is an independent city in the Commonwealth of Virginia in the United States. As of the 2010 census, the population was 139,966, and in 2016, the population was estimated to be 155,810. Located along the western bank of the Potomac River, Alexandria is approximately 7 miles (11 km) south of downtown Washington, D.C.
Like the rest of Northern Virginia, as well as Central Maryland, modern Alexandria has been influenced by its proximity to the U.S. capital. It is largely populated by professionals working in the federal civil service, in the U.S. military, or for one of the many private...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Commercial Underwriter jobs
$60,928 to $82,008
Alexandria, Virginia area prices
were up 1.3% from a year ago
were up 1.3% from a year ago
What does a Commercial Underwriter do?
Commercial Underwriter
Develop a thorough understanding of all Constructive Loans product and program underwriting guidelines, documentation requirements and processing, underwriting, closing and post-closing procedures.
November 09, 2022
Handle underwriting decisions on new business, renewals and referrals that fall outside the guidelines and within delegated authority levels.
February 06, 2023
Provides support to Commercial Bankers, Bank executives, loan officers, retail bankers, loan administrators and/or process administrators by answering queries and providing training on basic lending issues.
February 19, 2023
Monitor exposure of individual risks by the review of pictures, inspections, claims, consumer reports, renewal surveys, audits and communications with Farm Bureau Insurance agents.
March 22, 2023
Demonstrated knowledge of commercial lines underwriting, risk management and agency management to include technical principles of rating and pricing commercial lines business based upon individual risk criteria to promote underwriting profitability.
April 04, 2023
Prepares business case memos and participates in business case discussions, subsequent meetings with bank management, industry specialists, and other interested parties.
April 07, 2023
Evaluates strengths and weaknesses of the credit and escalates risks and other issues to MCU and/or RM or PM (Portfolio Manager).
April 16, 2023
Understands and uses financial information, tools and expense management principles to accomplish day-to-day work and maximize profitability.
April 28, 2023
Review and analyze all documents within or associated with the underwriting file to establish accuracy in identification and minimizing the risk of exposure, utilizing change requests, claim information, loss control and outside databases to identify changes in exposure to risk.
May 21, 2023
Assist Commercial Relationship Managers (RMs) in managing workflow via a pipeline process with regard to the prioritization of new prospects, modifications, renewals/upcoming maturities, as well as Portfolio Reviews and Special Asset Reports while developing a working knowledge of all prospective opportunities through the process.
May 21, 2023