Prescreen Analyst

Newmark; Boston (MA); On-site; USD 80,000 - 85,000; Full time

Benefits offered by this job

Parental Leave

Healthcare

Back-up care

Paid time off

Education reimbursement

Referral program

Industry networking

Job summary

Newmark is seeking a Loan Screening Analyst in Boston to support day-to-day financial, market, and underwriting analysis of multifamily loans. You will work with the Senior Credit team and Originators on structuring transactions and presenting loan packages to the credit committee.

The ideal candidate has 1-3 years of Fannie Mae/Freddie Mac underwriting experience on large loans (about $10M average). Strong analytical and communication skills, plus proficiency in Microsoft Office, are essential.

Qualifications

• B.S./B.A. degree in Accounting, Finance, Economics, Real Estate or related fields preferred.
• 1-3 years of direct Fannie Mae/Freddie Mac underwriting experience with large loans ($10M average loan size).
• Highly developed analytical, research and written/oral presentation skills.
• Ability to problem-solve and exercise independent judgment while displaying initiative and accuracy.
• Demonstrated ability to organize & prioritize projects, complete multiple tasks on schedule.
• Ability to work productively under minimal supervision.
• Proficiency in Microsoft Office, especially in EXCEL and Word.
• Strong work ethic.
• Proactive team player, able to work effectively under sometimes stressful conditions.
• Ability to travel a minimum of 10-20%.

Responsibilities

• Analyze, interpret and underwrite complex multifamily real estate transactions in compliance with respective agency guidelines (Fannie Mae/Freddie Mac).
• Conduct detailed economic and demographic research to determine feasibility of transactions.
• Prepare and present comprehensive loan approval package to credit committee.
• Develop and maintain strong relationships with origination and closing departments and external agency investors.
• Conduct comprehensive inspections of physical real-estate assets on an as-needed basis.

Skills

Analytical

Written/oral communication

Problem solving

Independent judgment

Time management

Microsoft Excel

Microsoft Word

Team player

Travel 10-20%

Work ethic

Education

B.S./B.A. in Accounting, Finance, Economics, Real Estate or related fields

Tools

Fannie Mae underwriting

Freddie Mac underwriting

Underwriting large loans

Job description

Job Description

We are seeking a Loan Screening Analyst with 1-3 years of commercial underwriting experience with large loans ($10M average loan size) -- GSE multifamily experience as well as DUS experience is preferred. The analyst’s primary responsibilities will be to provide day-to-day financial, market, and underwriting analysis of multifamily loans. This is an excellent opportunity to be thoroughly educated about the underwriting of multifamily mortgages, to have extensive contact with our clients, and to train under the premier programs (Fannie Mae and Freddie Mac). This position affords the opportunity to work closely with our Senior Credit team and Originators on the structuring and underwriting of transactions.

• Analyze, interpret and underwrite complex multifamily real estate transactions in compliance with respective agency guidelines (Fannie Mae/Freddie Mac)
• Conduct detailed economic and demographic research to determine feasibility of transactions
• Prepare and present comprehensive loan approval package to credit committee
• Develop and maintain strong relationships with origination and closing departments and external agency investors
• Conduct comprehensive inspections of physical real-estate assets on an as-needed basis

Essential Duties And Responsibilities

• Analyze, interpret and underwrite complex multifamily real estate transactions in compliance with respective agency guidelines (Fannie Mae/Freddie Mac)
• Conduct detailed economic and demographic research to determine feasibility of transactions
• Prepare and present comprehensive loan approval package to credit committee
• Develop and maintain strong relationships with origination and closing departments and external agency investors
• Conduct comprehensive inspections of physical real-estate assets on an as-needed basis

Skills, Education And Experience

• B.S./B.A. degree in Accounting, Finance, Economics, Real Estate or other related fields preferred
• 1-3 years of direct Fannie Mae/Freddie Mac underwriting experience with large loans ($10M average loan size)
• Highly developed analytical, research and written/oral presentation skills
• Ability to problem-solve and exercise independent judgment while displaying a high degree of initiative and accuracy
• Demonstrated ability to organize & prioritize projects, complete multiple tasks on schedule
• Ability to work productively under minimal supervision
• Proficiency in Microsoft Office, especially in EXCEL and Word
• Strong work ethic
• Proactive team player, able to work effectively under sometimes stressful conditions
• Ability to travel a minimum of 10-20%

Benefits And Perks

• Industry leading Parental Leave Policy (up to 16 weeks)
• Generous healthcare
• Bright Horizons back-up care program
• Generous paid time off
• Education reimbursement
• Referral Program
• Opportunities to network and connect within the industry.

Salary Range Language

The expected base salary for this position ranges from $80,000 to $85,000 annually. The actual base salary will be determined on an individualized basis taking into account a wide range of factors including, but not limited to, relevant skills, experience, education, and, where applicable, licenses or certifications held. In addition to base salary and a competitive benefits package (including health, vision, and dental insurance, paid time off and a 401(k) retirement plan with employer matching), this position may be eligible for additional types of compensation including discretionary bonuses and other short- and long-term incentives (e.g., deferred cash, equity, etc.).

Working Conditions

Normal working conditions with the absence of disagreeable elements.

Note: The statements herein are intended to describe the general nature and level of work being performed by employees and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.

Newmark is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.