Director, Underwriting - Small Loans

Purpose and Job Summary

The Director, Underwriting will be responsible for reviewing preliminary credit packages for Fannie Mae and Freddie Mac loan opportunities with a focus on Small Balance loans as defined by the agencies. Candidates are expected to have experience with both Fannie Mae Small Loan and Freddie Mac – SBL programs. The Screening Manager must demonstrate strong communication and writing skills, attention to details, organizational skills, and analytical ability. The Screening Manager must take the initiative to review credit packages, understand and apply Agency lending program requirements, communicate effectively with Agency production, and ability to move multifamily financing opportunities forward to underwriting. While working in an independent and reliable manner, teamwork and effective communication will also be necessary for success.

The Director, Underwriting will work directly with the Chief Underwriter and Deputy Chief Underwriter(s), Fannie Mae, Freddie Mac and Origination and Analyst staff to efficiently and effectively manage production pipeline in order to increase loan volume while maintaining and building LUMENT’s reputation in the marketplace and making sound lending decisions. 

Essential Duties & Responsibilities

• Review multifamily (including MHC) screening packages for approval and submission to Agencies.
• Ensure compliance with Agency guidelines and standards.
• Analyze historical financial statements, rent rolls, and property operations.
• Analyze estimated underwritten income and expense projections.
• Review supporting documentation for markets, valuations, and loan analysis.
• Review borrower/sponsor financial statements, SREO, credit reports, and organizational structures.
• Analyze the creditworthiness of the sponsorship and the real estate and provide concise risks and mitigants/recommendations
• It is expected that all materials will be quickly and accurately analyzed and such data will be reviewed to identify key underwriting issues and potential transaction risks
• Work diligently to control the quality of proposed loans, provide thoughtful, critical analysis, and assure that such analysis is properly documented
• Identify and prepare all program waivers/exceptions and other documentation for Fannie Mae and Freddie Mac, as required
• Ensure final analysis is documented accurately and files are complete, accurate, and compliant.
• Assist the Deputy Chief Underwriters and credit team as needed. 
• Work professionally and harmoniously with team and coworkers.
• Other projects and duties as assigned.

Contacts

This position has frequent contact with all levels of employees and management. In addition, this role interacts with outside business partners, vendors, consultants, and other office visitors.

Education, Skills & Experience

Required

• Bachelor’s degree in accounting, Finance, Economics, Real Estate, or other related fields from an accredited college/university.
• At least 10 years previous work experience with analyzing/ underwriting multifamily loans in a commercial real estate lending environment required
• At least 5-10 years direct experience with Fannie Mae and/or Freddie Mac small loan multifamily underwriting is required.
• Highly analytical thinking with demonstrated talent for identifying, scrutinizing, improving, and streamlining complex work processes.
• Results-driven achiever with exemplary planning and organizational skills, along with a high degree of attention to detail.
• Exceptional listener and communicator who effectively conveys information verbally and in writing.
• Resourceful team player who excels at building trusting relationships with clients and colleagues.
• Ability to work well under pressure and adjust to varied workloads
• Requires a high degree of professionalism and confidentiality
• Demonstrated ability to succeed in an environment of uneven/cyclical workloads and tight deadlines
• Exceptional relationship-building skills, with a desire to work in a highly external-facing role.
• Requires a self-motivated, independent worker who pays close attention to detail and who can prioritize in a fast-moving environment with excellent consulting, client management and business literacy skills.
• Applicable Knowledge of Microsoft Office (Excel, Word, Outlook, PowerPoint)

Life at ORIX

We are committed to the health and well-being of our employees and offer a quality, competitive benefits package that provides valuable healthcare and financial protection for our workforce, while emphasizing a healthy work/life balance.

You Time

We want you to have the time needed to recharge and manage life with our competitive vacation policy, floating personal holidays, extensive leave options, our annual observed holidays, and more.

Family Care

Every family has a different journey and ORIX USA Group is proud to offer extensive benefit programs such as: infertility coverage, adoption support, child and elder care, fully paid maternity, and generous parental leave benefits to help you and your families along the way.

Flexible Work Arrangements

ORIX associates enjoy the advantages of our hybrid working model with a 3 day in-office minimum requirement.

ORIX USA is an equal opportunity employer, providing equal employment opportunities (EEO), and is committed to diversifying its workforce. All employees and applicants for employment will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, genetics, sexual orientation, gender identity or expression, pregnancy, protected veteran status or other status protected by law. This policy applies to all terms and conditions of employment.