AVP Freddie Underwriter at BGC Partners in Bethesda, Maryland

Job Description:

Newmark , operated by Newmark Group, Inc. (NASDAQ: NMRK), is one of the world's leading commercial real estate advisory firms. We provide a fully integrated platform of services to prominent multinational corporations and institutional investors across the globe, as well as to occupiers, owners and developers of real estate on a local, regional and national level. Together with London-based partner Knight Frank and independently owned offices, our 18,000 professionals operate from more than 500 offices around the world.

This position is part of the Multifamily Capital Markets division. With a nationwide presence and unparalleled expertise offering capital solutions for multifamily owners and operators, our Multifamily Production exceeded $37B in 2020 and over 125k units sold. As one of the largest multifamily capital market platforms in the country, Newmark represents a Top five Freddie Mac and Fannie Mae lender and a Top two multifamily investment sales platform.

Job Description:

We are seeking Underwriters with 3+ years of commercial real estate underwriting experience. Specifically, the applicant must have multifamily underwriting experience of large loans (not small balance) and extensive familiarity of Freddie Mac's Multifamily Guide is preferred. The Underwriter's primary responsibilities will be to provide day-to-day financial, market, and underwriting analysis of multifamily loans. This is an excellent opportunity to work closely with Newmark's senior credit professionals and originators on the structuring and underwriting of transactions, to have extensive contact with our clients, and to train under the experienced members of the Freddie Mac Team.

General Responsibilities:

• Analyze, interpret, and underwrite complex multifamily real estate transactions in compliance with respective Freddie Mac guidelines.
• Conduct detailed economic and demographic research to determine feasibility of transactions
• Prepare and present comprehensive loan approval packages to a credit committee
• Develop and maintain strong internal and external relationships, including: Newmark origination, internal credit team, Freddie Mac underwriting staff, closing department and external agency investors among others.
• Conduct comprehensive inspections of physical real estate assets on an as-needed basis

Skills, Education and Experience:

• Bachelor's degree in Accounting, Finance, Economics, Real Estate, or other related fields
• 3-5+ years commercial underwriting experience, including GSE
• Prior underwriting experience with extensive familiarity of the Freddie Mac Multifamily Guide, programs, and products.
• Highly developed analytical, research and written/oral presentation skills
• Ability to problem-solve and exercise independent judgment while displaying a high degree of initiative and accuracy
• Demonstrated ability to organize & prioritize projects; complete multiple tasks on schedule
• Ability to work productively under minimal supervision
• Proficiency in Microsoft Office, especially Excel and Word
• Strong work ethic
• Proactive team player, able to work effectively under sometimes stressful conditions
• Able to travel a minimum of 10-20%

Benefits and Perks:

• Industry leading Parental Leave Policy (up to 16 weeks)
• Generous healthcare
• Bright Horizons back-up care program
• Generous paid time off
• Education reimbursement
• Referral Program
• Opportunities to network and connect within the industry

Benefits/perks listed may vary depending on the nature of your employment with Newmark and the job location.

Working Conditions: Normal working conditions with the absence of disagreeable elements

Note: The statements herein are intended to describe the general nature and level of work being performed by employees and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.

Newmark is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.

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