Associate Commercial Real Estate Underwriting Coordinator

About the Role
Wells Fargo is seeking a Associate Commercial Real Estate Underwriting Coordinator. The analyst will be supporting the Multifamily Capital Prescreening and Underwriting group and delivering the various product to the reviewer/onshore team as per the agreed quality.
 

In this role, you will:

• Analyze and process property financial statement and loan related documents (for example, rent roll, historical operating statements, appraisal reports collections and budget)
• Monitor and analyze the property performance based on Tenants details, Property Cash Flows and provide the necessary recommendation to Underwriters and Originators
• Review third party documents, such as appraisal, lease agreements report to infer overall performance of the property and identify significant factors which may impact property
• Analyze the loan documents to capture the various loan terms
• Perform market analysis using Real Estate Intelligence Service (REIS) for new loans
• Understand the feedback received from the Senior Analyst and implement the same in their daily work
• Ability to analyze and process property financial statement and loan related documents (e.g. rent roll, historical operating statements, appraisal reports collections and budget)
• Monitoring and analyzing the property performance based on Tenants details, Property Cash Flows and provide the necessary recommendation to Prescreening/Underwriting team.
• Analyze and validate the loan documents and share all the inconsistencies to Reviewer/onshore as per the agreed procedure.
• Uploading Freddie Mac and Fannie Mae closed loan documents in respective websites.
• Receives feedback openly from others post implementation of learning experience.
• Achieve/Exceed the set quality/productivity targets.

Required Qualifications:

• 6+ months of commercial real estate industry or relevant industry experience, or equivalent demonstrated through one or a combination of the following:  work experience, training, military experience, education

 
Desired Qualifications:

• Master Degree in Accounting and Finance,
• Any professional Finance/Accounting/Economics certification would be a plus.

Job Expectations:-

• 0 to 1 years of overall experience in Multifamily Capital Prescreening and Pre - underwriting business.
• Basic underwriting of Fannie Mae and Freddie Mac Entities.
• Basic understanding of Commercial Real Estate domain (for experience candidate)
• Ability to accurately process high volumes of work within established deadlines
• Ability to work effectively as part of a team to meet targets
• Excellent English comprehension and written communication skills
• Flexibility towards work on different processes/assignments

Posting End Date: 

*Job posting may come down early due to volume of applicants.

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements.

Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

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To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

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