Department:
Small Balance Group - Underwriting
We are Walker & Dunlop. We are one of the largest providers of capital to the commercial real estate industry, enabling real estate owners and operators to bring their visions of communities — where people live, work, shop, and play — to life. We are committed to creating meaningful social, environmental, and economic change in our communities. We believe seeking diverse talent and promoting the inclusion of all perspectives are more than moral imperatives – they are critical to our success and ability to innovate and grow.
Department Overview
Walker & Dunlop’s Small Balance Group is a fully integrated lending platform specializing in debt executions and processes uniquely tailored to the private client multifamily market. As one of the nation’s top Freddie Mac Optigo® Small Balance Loan and Fannie Mae DUS® Small Loan lenders, our experts manage the origination, underwriting, funding, and servicing processes in-house and serve as a trusted advisor to our clients from quote, close, and beyond. At the forefront of technological innovation and process transformation at Walker & Dunlop, the Small Balance Group plays a critical role in shaping the organization’s future.
The Impact You Will Have
The primary role of this individual will be as a member of the Small Balance Group Underwriting Team which consists of an Underwriters and Analysts.
Primary Responsibilities
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Collect and review the necessary due diligence items to assist the underwriter in closing each loan
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Conduct site visits to assess the condition and quality of multifamily properties
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Able and willing to travel as needed to perform necessary job duties including site inspections and client visits
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Interact with the borrower, broker and team members to provide updates as progress is made towards loan closing
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Update the underwriting model as new operating data is received during the transaction process
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Conduct reviews of market areas, property and site characteristics
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Review of borrower and management qualifications
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Expand knowledge and expertise of Fannie Mae and Freddie Mac credit guidelines
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Order and review third-party Appraisals, Engineering Reports, Seismic Reports, Phase I Environmental Assessments and Operations and Maintenance (O & M) Reports
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Review third-party reports to determine any findings that could impact the proposed loan
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Maintain organized and fully documented underwriting files on loans in process
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Assist in the crafting of loan narratives for submission to the Chief Underwriter
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Ensure that the underwriting team goals and initiatives are completed in a timely manner
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Engage in post-closing activities as needed to ensure continued excellence in loan portfolio performance
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Communicate and problem-solve daily with teammates, clients, vendors, and other stakeholders, often in combination with travel
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Perform other duties as assigned
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Attendance is generally 8:30 am – 5:30 pm EST Monday through Friday with the ability to work up to 2 of those days remotely
Education and Experience
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Bachelor’s degree (Business or Finance Degree preferred)
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3+ years of financial analyst experience with commercial real estate owner, broker, appraiser or financial institution required
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Experience with GSE Multifamily lending (Fannie Mae & Freddie Mac) preferred
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Excellent financial modeling skills including thorough knowledge of MS Excel
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Proficient in MS Word and Outlook
Knowledge, Skills and Abilities
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Detail oriented, organized and accurate
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Strong written and oral communication skills
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Ability to handle multiple tasks
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Passion for real estate
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Ability to work productively in time sensitive situations
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Good concept of financial analysis of income producing real estate
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Good organization and analytical skills
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Exhibit good teamwork and cooperation
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General understanding of all major commercial real estate product types with an emphasis on multifamily properties
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Ability to show ownership of your work, take on challenges and acknowledge growth opportunities, and demonstrate patience when learning new processes
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Courtesy, respect, and thoughtfulness in teaming with colleagues and other stakeholders
This position has an estimated base salary of $70,000 - $80,000 plus discretionary bonus. An employment offer is based on the applicant’s relevant work experience, applicable knowledge, skills, abilities, internal equity, and alignment with market data.
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What We Offer
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The opportunity to join one of Fortune Magazine’s Great Places to Work winners from 2015-2023
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Comprehensive benefit options* that have earned Walker & Dunlop the silver level of the 2022 Cigna Healthy Workforce Designation™, some of which include:
- Up to 83% subsidized medical payroll deductions
- Competitive dental and vision benefits
- 401(k) + match
- Pre-tax transit and commuting benefits
- A robust health and wellness program – earn cash rewards and gain access to resources that
promote health, engagement, and balance
- Paid maternity and parental leave, as well as other family paid leave programs
- Company-paid life, short and long-term disability insurance
- Health Savings Account and Healthcare and Dependent Care Flexible Spending -
Commitment to diversity, equity, and inclusion, with employee resource groups organizing activities and providing a space for open communication
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Career development opportunities
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Empowerment and encouragement to give back – volunteer hours and donation matching
*Eligibility may vary based on average number of hours worked
EEO Statement
We are committed to equity in all steps of the recruitment and employment experience. We believe in equal access to opportunities in our workplace. We do not tolerate discrimination, including harassment, based on any characteristic protected by applicable law, such as race, color, national origin, religion, gender identity, sexual orientation, sex, age, disability, veteran or military status, and genetic information. We strive to be a safe place to ask questions, build professional relationships, and develop careers.
SPAM
Please be wary of recruitment scams. An indication of a scam might be a request for sensitive or bank information at the time of application or emails coming from a non walkerdunlop.com email address. Please call us at 301.215.5500, if you have any concerns about information requested during or after the application process.
Fair Chance Hiring
Background checks, including any questions related to infractions, arrests, or conviction records, will not be conducted until after a conditional offer of employment has been accepted. We will consider for employment qualified applicants regardless of arrest and conviction records, in accordance with federal, state, and local laws.
Top Skills
What We Do
Walker & Dunlop is one of the largest commercial real estate finance and advisory services firms in the United States. Our ideas and capital create communities where people live, work, shop, and play. The diversity of our people, breadth of our brand, and technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry