Associate Underwriting

Purpose and Job Summary:
The Associate is responsible for processing and analytical duties supporting underwriting multifamily mortgage financing programs. The Associate must demonstrate attention to detail, strong organizational skills, and analytical ability. The Analyst must take the initiative to drive the document request, collection, and underwriting process and independently analyze credit and financial information to determine the degree of risk associated with the loan. While working independently and reliably, teamwork and effective communication will also be necessary for success.

Essential Duties and Responsibilities:

• Assist the senior staff and/or Underwriter during the loan underwriting process by requesting, collecting, and managing required due diligence documentation.
• Prepare, distribute, and maintain Due Diligence Checklists and Application Workbooks, updating regularly to meet target-underwriting dates.
• Collect, review, and advise the underwriting team regarding the receipt and status of all underwriting documentation. 
• Establish and maintain loan files.  Retain and organize loan documentation in appropriate electronic data storage folders.
• Collect and input data into proprietary pipeline management platform.
• Coordinate with the Third-Party Operations Manager and the Underwriter on the engagement and receipt of required third-party reports.
• Participate in regular calls with borrowers regarding due diligence status, timing updates, and coordination with various external parties.
• Work with the Underwriter to collect, input, and analyze property data, including property operating statements, rent rolls, and third-party report information.
• Verify and update property operating information in the underwriting analysis workbook.
• Upon receipt of due diligence, including third-party reports, borrower/sponsor financial statements, SREO, Underwriting Certificates, credit reports, and investor database credit checks:
  • Review and notify the Underwriter of any material issues;
  • Transfer data from reports to underwriting analysis workbook and narrative.
• Assist with assembling loan packages, ensuring quality control, and delivering to Investors after closing.
• Reconcile and approve final loan accounting.
• Work professionally and harmoniously with the underwriting team, loan originators, borrowers, and other deal team members.
• Other projects and duties as assigned.

Travel Requirements - Varies with individual's experience.

Education, Skills and Experience:

• Bachelor’s degree in Finance, Accounting, Real Estate, or Business Administration preferred.
• 1-3 years of commercial real estate experience required; multifamily strongly preferred.
• Experience with Fannie Mae and/or Freddie Mac Multifamily loan programs preferred.
• High-level knowledge of financial statement analysis, general accounting, cash flows, and mortgage interest calculations.
• Knowledge of real estate finance and/or investment real estate, particularly multifamily.
• Highly analytical thinking with demonstrated talent for identifying, scrutinizing, improving, and streamlining complex work processes.
• Results-driven achiever with exemplary planning, multitasking, organizational skills, and 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.
• Applicable knowledge of Microsoft Office suite.

Annual base salary gross: $90,000 - $110,000 (CA only). The base salary range represents the estimated low and high end of the Lument’s salary for this position. Actual base salaries will vary and will be based on various factors, such as candidate’s qualifications, skills, competencies and proficiency for the role. The base pay is one component of Lument’s total compensation package for employees. Other rewards and benefits include cash bonuses, long term incentives, health insurance, accident and life insurance, and retirement benefits.  Please visit our Benefits page for additional information.

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.