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Senior Analyst, Underwriting
Jones Lang LaSalle
North Bethesda, MD, United States
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Senior Analyst, Underwriting, Fannie Mae/Freddie Mac
Summary/Objective:
The Analyst will become familiar with the Fannie Mae and Freddie Mac financing programs being offered by Jones Lang LaSalle and the required processing responsibilities outlined for each program. The Analyst must demonstrate attention to detail, an organizational and analytical orientation, and possess the initiative to work in an independent and reliable manner.
Essential Functions:
• Analyze property operating statements and rent rolls and determine a pro-forma NOI used for Loan determination, to be reviewed and approved by UW
• Review reports completed by third parties, including but not limited to appraisal, physical condition assessments, architectural/cost, market study, environmental, zoning and any other relevant third party reports for accuracy and compliance with Investor requirements
• Complete various sections of the Underwriting workbook
• Complete various sections of the Underwriter’s narrative, including but not limited to the following:
◦ Property Description
◦ Market
◦ Submarket
◦ Management
◦ PNA
◦ Environmental
◦ Appraisal
◦ Waiver Form, if applicable
• Review all documentation received from client/borrower for completeness and accuracy. Report any issue of concern to team Underwriter
• Offer direction to the team for guide compliance, and assist with underwriting/closing timeline.
• Work with underwriter and vendors to ensure that all parties have a clear understanding of their responsibilities
• Analyze and evaluate borrower ownership structures to ensure that the application meets underwriting guidelines
• Regularly communicate loan status updates to underwriting team and originators as appropriate
• Work closely with closing team to complete any outstanding due diligence that may be required to close the loan
• Create and foster relationships with Fannie Mae and Freddie Mac personnel
• Look for opportunities to enhance understanding of transactions or processes, take on additional responsibilities of an Underwriter position, and discuss areas where the individual can contribute additional value to the team. Additional duties will be assigned as the individual advances their knowledge level
Qualifications Required:
• Knowledge of Microsoft office (Word, Excel, Outlook, Access)
• Willingness and ability to learn new technology
• Ability to work independently, unsupervised, and as a team player
• Excellent interpersonal, communication, problem-solving and organization skills.
• Strong time management skill and ability to operate under demanding deadlines
• Excellent attention to detail with the ability to audit own work
• Ability to travel as needed
Physical Demands:
Must be able to physically inspect multiple residences and common areas within an apartment complex, as well as inspect comparable properties within the market. Employee must be able to physically move about the apartment complex, which shall require standing and walking for extended periods of time, and climbing stairs. Inspections may also require the ability to sit, reach, and bend.
Travel shall include various modes of travels (including but not limited to planes, trains and automobiles) to different time zones and may require overnight lodging.
Education:
Undergraduate degree in a business related field (i.e. Finance, Accounting, Real Estate, Business)
4 + years of analytical and financial modeling skills
4 + years of experience in an investment environment or related experience
Preferred:
4 + years of analytical and financial modeling skills
4 + years of experience in an investment environment or related experience
Real estate background
Familiarity with Agency multifamily loan procedures such as Fannie Mae DUS and Freddie Mac loan process
Expectation For All Employees:
All employees are expected to support the organization's mission, vision, and values by exhibiting the following behaviors: excellence and competence, collaboration, innovation, respect, personalization, commitment to our community, accountability, teamwork and ownership.
JLL Is an Equal Opportunity Employer
JLL is committed to developing and maintaining a diverse workforce. JLL strongly believes in equal opportunity extended to all individuals in all aspects of the employment relationship, including recruitment, hiring, training, promotion, transfer, discipline, layoff, recall and termination without regard to race, color, religion, belief, creed, age, sex, pregnancy or maternity (including childbirth and related conditions), family responsibility (e.g. child care, elder care), nationality, ethnic or national origin or ancestry, citizenship, marital status, civil partner status, sexual orientation, gender identity or expression, transgender status, veteran’s status, genetic information, trade union membership, social position, political view or status as a qualified individual with a disability, protected leave status or any other protected characteristic in accordance with applicable law. The company also endeavors to make reasonable accommodations for known physical or mental limitations of otherwise qualified employees and applicants with disabilities unless the accommodations would impose an undue hardship on the operation of our business and ensures that employment decisions are based only on valid job requirements.
For employees in the United States, please see a fully copy of our Equal Employment Opportunity and Affirmative Action policy at https://jll2.sharepoint.com/CorporatePolicies/HR%20Policies/Equal%20Employment%20Opportunity%20and%20Affirmative%20Action.pdf.
If you have questions about careers at JLL or are disabled and require further assistance in applying for a position, please contact us at careers@am.jll.com