Purpose and Job Summary:
Reporting to a Deputy Chief Underwriter, the Director is responsible for reviewing, inspecting, and underwriting multifamily agency loan applications, primarily for Freddie Mac and Fannie Mae conventional loan programs. The Director will make informed recommendations to the Chief Credit Officer as well as provide guidance and assistance on agency loan assumptions, as needed.
Essential Duties and Responsibilities:
- Prepares loan analyses and narratives consistent with Fannie Mae and Freddie Mac requirements.
- Summarizes historical property operations.
- Performs credit and financial analysis of key sponsors.
- Reviews and approves third party reports including property appraisals, physical needs assessments, environmental reports, and zoning reports.
- Considerable travel involved to perform property inspections and market evaluations.
- Travel Requirements - 40%
- Other projects and duties as assigned.
Education, Skills and Experience:
- Resourceful team player who builds trusting relationships with clients and colleagues.
- Proactive team player, able to work effectively under sometimes stressful conditions.
- Mentors junior underwriters and underwriting analysts
- Expected to underwrite more complex and nuanced transactions
Required:
- Bachelor’s degree in Accounting, Finance, Economics, Real Estate, or other related fields from an accredited college/university.
- Minimum of ten years’ experience in multifamily agency underwriting experience.
- Preferably two – three years of recent experience with Freddie Mac CME underwriting submissions.
- Through knowledge and understanding of Fannie Mae DUS and Freddie Mac CME multifamily loan programs and underwriting requirements.
- Proficiency in Microsoft Office and list other relevant systems or software
- Excellent organizational, communication, presentation, and interpersonal skills
- Ability to plan, organize, and prioritize assignments and to meet critical and established deadlines.
- Demonstrated ability to maintain confidentiality and to use discretion in the performance of daily activities
- Ability to learn quickly and demonstrated ability to work independently and as part of a high-performance team
- Flexibility and ability to work under pressure with tight deadlines and constant interruptions. Ability to adjust priorities in a changing environment
Preferred:
- Ability to interact and effectively communicate with internal and external customers, including loan analysts, senior management, borrowers, and vendors.
- Ability to read, analyze, and interpret complex legal documents and financial statements.
- Highly analytical thinking with demonstrated talent for identifying, scrutinizing, improving, and streamlining complex work processes.
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.
