BWE · 1 day ago
Associate Underwriter
OH - Cleveland
Full-time
Hybrid
Entry Level
1+ years expBEREC Bellwether Enterprise Real Estate Capital is seeking an Associate Underwriter to assist the Underwriting Team with credit, market, and underwriting analysis of multi-family loans. The role involves inputting financial data, conducting market analysis, and preparing loan submissions while collaborating with various teams.
BankingFinanceFinancial ServicesLendingReal EstateReal Estate Investment
Responsibilities
Input property level profit and loss statements and project rent rolls for reconciliation and analysis
Learn Agency program rules and industry standards to develop underwritten pro-forma projections for net cash flow for multi-family assets
Order and critically analyze third party appraisals, property conduction reports, and phase I environmental and seismic for Agency program compliance
Complete market analysis to determine trends in income, demographics, rents and occupancy levels
Develop understanding of Fannie Mae and Freddie Mac multi-family standards and processes
Assist Underwriter with preparation of loan committee narrative submissions and Freddie Mac submissions
Assist Underwriting Team in the preparation of all deliverables in connection with loan closings
Complete project site inspections to assess quality, condition, and position within a competitive set for proposed collateral
Additional ad hoc financial analysis as required
Interface with Underwriting staff, Production staff, and external parties in a professional manner
Other duties or special assignments as assigned
Qualification
Required
Minimum 1-2 years of experience in finance or real estate preferred
Bachelor's degree in business or finance is required
Strong proficiency with of Microsoft Office suite (Word and Excel)
Ability to operate effectively in a team environment and collaborate well with multiple parties
Ability to problem solve, exercise a high degree of accuracy and complete multiple tasks on schedule
Excellent written and verbal communication skills
Preferred
Prior experience in a professional work environment is a plus
Company
BWE
BWE stands as a national, full-service commercial and multifamily mortgage banking company committed to elevating real estate financing.
201-500 employees
Funding
Current Stage
Growth StageTotal Funding
$112.19MKey Investors
U.S. Department of Housing and Urban Development
2024-11-13Debt Financing· $43.24M
2016-10-12Debt Financing· $68.95M
Leadership Team
DJ Effler
Chief Executive Officer
Denise McGee
Retired Professional / Former Chief Human Resource Officer
Recent News
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