Analyst, Underwriting

Job description

We are currently seeking an Analyst to join our Loan (Fannie Mae/Freddie Mac) Underwriting Team. The analyst will be located in our Clearwater office. The Analyst will become familiar with the Fannie Mae and Freddie Mac financing programs being offered by JLL and the required processing responsibilities outlined for each program.  The ideal candidate will demonstrate ability for details, organization and an analytical orientation, and possess the initiative to work in an independent and reliable manner.

Responsibilities:

·  Analyze property operating statements and rent rolls and determine a pro-forma NOI used for Loan determination, to be reviewed and approved by underwriting
·  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, which may include 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
·  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

Qualifications:

·  Familiarity with Agency multifamily loan procedures such as Fannie Mae DUS and Freddie Mac loan process
·  Undergraduate degree in a business related field (i.e. Finance, Accounting, Real Estate)
·  2-4 years of analytical and financial modeling skills in an investment environment (Real Estate background preferred)
·  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.
·  Must be able to physically inspect multiple residences and common areas within an apartment complex, as well as inspect comparable properties within the market
·  Strong time management skill and ability to operate under demanding deadlines
·  Excellent attention to detail with the ability to audit own work

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Jones Lang LaSalle (“JLL”) is an Equal Opportunity Employer and is committed to working with and providing reasonable accommodations to individuals with disabilities.  If you need a reasonable accommodation because of a disability for any part of the employment process – including the online application and/or overall selection process –  you may email us at Accommodation.Reques@am.jll.com . This email is only to request an accommodation. Please direct any other general recruiting inquiries to our Contact Us page > I want to work for JLL.