Underwriting Analyst – Seniors Housing and Healthcare

  • Competitive
  • Irvine, CA, États-Unis Irvine CA US
  • CDI, Plein-temps
  • Hunt Mortgage Group
  • 17 août 18 2018-08-17

Underwriting Analyst – Seniors Housing and Healthcare

Position Summary
The Underwriting Analyst is responsible for processing and analytical duties in support of underwriting seniors housing & healthcare mortgage financing programs being offered by Hunt Mortgage Group. The Underwriting Analyst must demonstrate attention to detail, strong organizational skills, and analytical ability. The Underwriting Analyst must take the initiative to drive the document request, collection and underwriting process as well as independently analyze credit and financial information to determine the degree of risk associated with the loan. While working in an independent and reliable manner, teamwork and effective communication will also be necessary for success.

Essential Job Functions

  • Assist Supervisor with various up-front deal screening and due diligence tasks including: detailed rent roll analysis; input of property data and operating statements into underwriting workbooks; preliminary loan sizing analyses; research on existing market area competition, properties under construction and proposed supply; preparation of soft loan quotes; pre-review asset summary report submissions for agency partners; and other write-ups related to screening new loan opportunities.
  • Assist the Underwriter during the loan underwriting process by requesting, collecting, managing required documentation:
    • Prepare, distribute, and maintain Due Diligence Checklists and Application Workbooks, updating regularly to meet target underwriting dates.
    • Collect, review, and advise underwriting team regarding receipt and status of all underwriting documentation.
    • Establish and maintain loan files. Retain and organize loan documentation in appropriate electronic data storage folders.
    • Order and obtain professional reports and verifications from external parties.
  • Input and analyze data:
    • Verify and update property operating information in underwriting analysis workbook.
    • Upon receipt of borrower/sponsor financial statements, SREO, Underwriting Certificates, credit reports and investor database credit checks:
  • Review and notify Underwriter of any material issues;
  • Transfer data from reports to underwriting analysis workbook and narrative.
  • Upon receipt of professional reports (e.g. appraisal, engineering, environmental assessment, seismic analysis, zoning, and market reports), transfer data into underwriting analysis workbook and narrative.
  • Assist the Underwriter in the preparation and submission of loan committee presentation, including drafting sections of the underwriting narrative as assigned and preparing exhibits.
  • Assist with assembling loan package and delivering to Investors after closing.
  • Process invoices for payment and prepare final accounting.
  • Perform other duties as assigned.

Bachelor's degree in Finance, Accounting, Real Estate, or Business Administration preferred.

Experience and Qualifications
  • One - three years of commercial real estate related experience required; seniors housing preferred but not a requirement.
  • Experience with Fannie Mae and/or Freddie Mac Multifamily loan programs preferred.
  • Knowledge of financial statement analysis, general accounting, cash flows and mortgage interest calculations.
  • Knowledge of real estate finance and/or investment real estate, particularly seniors housing or multifamily.
  • Highly analytical thinking with demonstrated talent for identifying, scrutinizing, improving, and streamlining complex work processes.
  • Results-driven achiever with exemplary planning and organizational skills, along with 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.

Other Skills
Requires a self-motivated individual who pays close attention to detail and who can prioritize in a fast-moving environment with excellent consulting, client management and business literacy skills. Takes initiative to identify and anticipate client needs and make recommendations for implementation. While working in an independent and reliable manner, teamwork and effective communication will also be necessary for success.