5 hours
2018-08-132018-09-12

Director, Underwriting - Affordable Agency Multifamily Housing Finance Team (Arlington, VA)

Prudential
Arlington, VA
  • Job Code
    490198
Position Title: Director, Underwriting - Affordable Agency Multifamily Housing Finance Team (Arlington, VA)
Job Code: 490198
Job Location: Virginia-Arlington
Description:

PGIM Real Estate Finance (PGIM REF) is one of the nation’s largest full-service commercial real estate lenders.  PGIM REF originates a wide variety of commercial mortgage investments for Prudential’s General Account, investment management clients, and other third party capital sources (such as Fannie Mae, Freddie Mac, FHA, CMBS or other institutional investors).

 

PGIM REF is seeking a highly motivated individual for placement as an Underwriter in the Affordable Agency Multifamily Housing Finance team.  This position would be located in either Arlington, VA or Newark, NJ   The successful candidate will be responsible for underwriting all affordable loan types independently and making complex underwriting decisions with limited to no supervision.  The position requires a very organized and detail oriented candidate with excellent written and verbal communication skills.  The position requires processing and analyzing information for loans pursuant to the guidelines required by Fannie Mae and Freddie Mac.

 

Primary Job Duties/Responsibilities:

•  Review initial screening and loan application.

• Monitor the collection and due diligence materials as well as approval of due diligence materials reviewed by underwriting staff.

• Serve as the primary point of contact for clients and may be the point of contact on credit and underwriting issues with the Agency, when necessary.

• Responsible for training underwriting team members.

• Complete review, analysis and approval of due diligence materials related to a loan submission.

• Review and provide commentary on third party reports.

• Finalize the underwriting narrative and model and/or provide direction to underwriting staff.

• Ensure on-going communication on all aspects of the loan process with key stakeholders.

• Conduct site visits independently.


Requirements and Skills: 

•  Ability to take ownership for loan transactions and manage workload with minimal supervision

• Thorough product knowledge of Agency financing and general multifamily financing alternatives

• Proficient in analysis of Mortgage Credit and Borrower structures

• Excellent critical thinking and decision making skills

• 8 or more years of experience in underwriting roles

• Understanding of affordable housing subsidies and programs as it relates to application to loan underwriting

• Excellent verbal and written communication skills

• Strong attention to detail

• Proven management capability


Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.

We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.

Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at staffingagencies@prudential.com for more information about doing business with Prudential.
Job Function: Asset Management
Schedule: Full-time

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Director, Underwriting - Affordable Agency Multifamily Housing Finance Team (Arlington, VA)

Prudential
Arlington, VA

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Director, Underwriting - Affordable Agency Multifamily Housing Finance Team (Arlington, VA)

Prudential
Arlington, VA

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