Senior Underwriter

Walker & Dunlop - Atlanta, GA4.1

Full-timeEstimated: $53,000 - $77,000 a year
The primary duties through the underwriting process are as follows:

Quotes and Application. Assist Loan Officers and Regional Managers in issuing quotes and applications: preliminary estimate of NOI and determination of threshold issues to estimate debt service coverage and loan-to-value ratios.

Underwriting. After receipt of an application and fee from a borrower, the Underwriter is responsible for the underwriting process including the following:

Establish underwriting timeline in conjunction with the loan officer and closing coordinator.
Oversee generation of borrower’s checklist for the proper product type and introducing borrower to the information requirements;
Selecting contractors and initiation of the necessary third party reports for the underwriting process (e.g., appraisal, environmental, engineering);
Conducting a due diligence review of issues relating to the property’s market, location, condition, borrower and principal’s mortgage credit issues, property management and other issues relevant to risks identified in items collected from the borrower’s checklist.
Conduct a critical review and analysis of the appraisal, including a review of the market analysis, property description, real estate tax analysis, zoning analysis, and the comparable properties submitted.
Conduct a critical review and analysis of the engineering report and environmental reports plus additional reports included as part of the underwriting including, seismic studies, market studies, etc., as appropriate.
Conduct site and market visits
Summarize the transaction by preparing a presentation for the Loan Committee.
Additional duties and responsibilities may be assigned as required.
EEO Statement

Walker & Dunlop is an equal employment opportunity employer and does not discriminate based on race, color, national origin, religion, gender identity, sexual orientation, sex, age, disability, veteran or military status, genetic information, or any other characteristic protected by applicable law.