Agency Multifamily Lending, Transaction Manager - Senior Associate
- Chicago, IL
- Permanent
- Full-time
- Coordinate with the borrowers, underwriters and bankers to obtain necessary due diligence required for loan file
- Assist in transition from screening to underwriting.
- Maintain loan file, applicable checklists, and any documents required.
- Review and analyze items received to ensure file is accurately documented.
- Order and review third party reports (appraisals, PCA, ESA, Zoning Report etc.)
- Manage all aspects of the underwriting and closing of transactions by working closely with Insurance, KYC and Legal to ensure all required information is completed.
- Run required credit checks applicable to the Firm, Fannie Mae or Freddie Mac.
- Assist with Market, Property, and Sponsor Analysis.
- Assist underwriter by entering basic third-party report data to the sizer (appraisal, PCA, ESA, Zoning Report, etc.)
- Complete and/or assist Underwriters with applicable agency forms for submission.
- Assists with assembling loan package and delivering to closing.
- Occasional travel to inspect properties and prepare inspection reports.
- Other projects and duties, assigned and deemed appropriate from the manager.
- Excellent project management and organizational skills.
- Must be detail oriented and demonstrate excellent communication skills.
- Knowledge of multifamily real estate property fundamentals and agency lending/underwriting.
- Ability to learn multifamily underwriting technology systems and tools that are specific to Fannie Mae and Freddie Mac.
- Must be able to work independently and as a team member.
- Bachelor's degree preferred.
- Requires 2-4 years of experience in multifamily and multifamily affordable housing.
- Must be able to work well under pressure in a fast paced environment; prioritizing work in order to meet deadlines.
- Bachelor's degree preferred