Underwriting Analyst Job in Newark 07102, New Jersey US
Underwriting Analyst
Newark, Nj 07102
Prudential Mortgage Capital Company (PMCC) is one of the nation's leading providers of commercial mortgages on multifamily, retail, office, industrial, and hotel properties. The Company offers one of the most comprehensive lines of real estate finance products including fixed-rate, floating-rate and interim/bridge loans; Fannie Mae DUS™ and FHA lending; and affordable housing financing. The company has been structured to provide clients with one source for all commercial mortgage financing and servicing needs, giving the firm a competitive advantage in the marketplace.
Prudential Huntoon Paige (PHP) is PMCC's FHA lending division. PHP is a leading provider of FHA-insured commercial mortgages on multi-family and health care properties. Prudential Huntoon Paige specializes in working with the U.S. Department of Housing and Development (HUD) on providing a wide variety of financing options for multifamily and elderly care facilities throughout the United States. Financing includes but is not limited to new construction, refinances, and acquisitions of properties which may include market rate rental properties or affordable properties with a mix of subsidies (Section 8, Tax Credits, Bonds, Grants).
We are seeking a highly motivated individual for placement as an Underwriting Analyst on small fully integrated teams. An ideal candidate will be self-motivated and comfortable working in teams both co-located in the same office as the candidate as well as co-workers located elsewhere throughout the U.S. This position will be located in PHP's Newark Office and will report to the Underwriting Team Lead.
Responsibilities will include but may not be limited to the following:
· Primary point of contact for borrowers and responsible for maintaining high customer service satisfaction for due diligence collection
· Interact with originators and underwriters
· Coordinate delivery of due diligence materials to third party report providers
· Coordinate delivery of due diligence materials from borrower to underwriting team, including working with a processor to coordinate the collection of property and borrower information
· Review and complete Quality Control checklist on reports when received (including appraisals, market studies, environmental reports, and property conditions assessments
· Research local real estate markets
· Review due diligence materials for accuracy with assistance from senior team member
· Assist in responses to HUD deficiencies as needed
· Provide Lender Counsel with requested documentation
· Conduct rent roll, operating statement, and other financial analyses
· Bachelor's Degree in Finance, Real Estate or similar preferred but not required
· Relevant work experience in the mortgage industry a plus
· Excellent analytical skills
· Strong organizational skills
· Excellent written and verbal communication skills
· Detail oriented
· Ability to multitask on several transactions at once
· Ability to work independently and collaboratively in a fast paced environment
· Ability to adapt to changing circumstances and adjust priorities as needed
· Ability to travel to site inspections required
· Familiarity with MS Office applications (Excel, Word, and PowerPoint) ability to learn new applications
Skills Developed
· Analytical
· Communication
· Organizational
· Real Estate
· General Business
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