Overview:

Responsible for due diligence and direct underwriting specializing in Multifamily Agency Underwriting

Primary Responsibilities:

• Position responsibilities include some or all of the following depending on product specialty:
• Analyze/Spread operating statements for multifamily in accordance with specific investor guidelines.
• Responsible for accurate loan sizing and overall risk assessment prior to/or after application utilizing specific Investor underwriting guidelines and requirements.
• Interview prospective borrowers and property managers to obtain critical property, management, and borrower details for each transaction.
• Work closely with loan originators to help negotiate deal terms and resolve outstanding issues.
• Interact with respective Investor Representatives (Fannie Mae, Freddie Mac) regarding loan transaction terms and waivers.
• Inspect property in accordance with Investor guidelines (travel required-national).
• Obtain and review all third party reports associated with each transaction as required by specific investor.
• Completion of underwriting narrative/committee package.
• Review of commitment letter and handoff to loan closing department.
• Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
• Complete other related duties as assigned.

Scope of Responsibilities:

Underwriters are required to use analytical skills to review rent roll, operating statements, financial statements, third party reports (real estate appraisals, market studies, physical needs reports and environmental reports) to make credit judgments and prepare the required application submissions to the appropriate agency.

Supervisory/ Managerial Responsibilities:

Indirect management/mentor of Agency loan processors or Junior FHA underwriters assigned to the transaction.

Education and Experience Required:

Bachelor's Degree or equivalent work experience and 5 years underwriting or related experience to include completion of multifamily inspection training (or similar work experience and credit training) or in lieu of a degree a combined minimum of 9 years’ higher education and/or work experience including a minimum of 5 years underwriting or related experience to include completion of multifamily inspection training (or similar work experience and credit training).

Minimum of 5 years experience underwriting multifamily agency loans

Proficient in Fannie Mae and Freddie Mac guidelines for multifamily loans

Ability to multi-task.

Proficiency Excel and Word programs.

Strong verbal and written communication skills.

Strong analytical skills.

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $97,869.52 - $163,115.87 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation. The range listed above corresponds to our national pay range for this role. The specific pay range applicable to you may vary based on your location.

Location:

Clanton, Alabama, United States of America