Job Description

Full job description

Are you looking for the opportunity to make an impact?

Berkadia's mortgage banking platform is consistently ranked among Fannie Mae, Freddie Mac and HUD's top lenders and is seamlessly integrated with our investment sales and servicing platforms to provide superior client service. Let the strongest research, technology, capital relationships, and a nationwide network of industry professionals propel you to the next stage of your commercial real estate career. Be Backed by the Best. Be Berkadia.

We Innovate to shape the future of CRE, so in this role you will:

• Review and analyze the current and historical income and expense of a property together with all additional and relevant information, and to determine the terms and conditions of the loan.
• Prepare a formal loan submission for lenders which include writing a narrative report recommending, justifying and describing not only the loan request but also the relevant and supporting information.
• Answer questions from lenders generated by the submission and research, analyze and provide additional information on request.
• Bids are solicited from companies and proposals approved for the provision of the Appraisal, Engineering and Phase I Environmental Reports.
• Formal lender submissions for Loan Commitment purposes for Life Insurance Company lenders and for Early Rate Lock for Freddie Mac loans, are generated. The submissions are very detailed and address specific lender requirements. Land and building values together with market rental rates for the property are determined based on an in-depth analysis of buildings and rents comparable to the subject.
• Review submissions to other lenders generated by in-house closing/processing staff.
• Draft copies of the Appraisal, Engineering and Phase I Reports are reviewed, and changes are negotiated, if required. Order, review, approve and submit Credit Reports on various companies, i.e. borrowers and tenants.
• Assist Loan Processors in Pipeline entry.
• Compile market research data and maintain database of information.
• Interact with the borrower throughout the underwriting process.
• Assist branch originators in their marketing of company products and services.
• Review and analyze current and historical income and expenses of a property and determine the terms and conditions of the loan.
• Perform financial cash flow, cost report analysis.
• Prepare loan submission packages for lender review. Order and review 3rd party reports, including appraisals, environmental inspections (if necessary), property condition inspections and seismic reports (if necessary) for loans under application.
• Correspond directly with mortgage bankers, borrowers and clients.
• Complete property inspections.
• Assist in the closings of loans.
• Order, review, approve and submit Credit reports on various companies, i.e. borrowers and tenants. Review and analyze current and historical income and expense of a property along with all additional and relevant information; determine the terms and conditions.
• Prepare formal loan submission for lenders which includes writing a narrative report recommending, justifying, and describing not only the loan request but also the relevant and supporting information.
• Answer questions from lenders generated by the submission; research, analyze, and provide additional information on request.
• Generate formal lender submissions for loan commitment purposes for Life Insurance Company lenders and for early rate lock for Freddie Mac loans. The submissions are very detailed and address specific lender requirements. Land and building values together with market rental rates for the property are determined based on an in-depth analysis of buildings and rents comparable to the subject.
• Review submissions to other lenders generated by in-house closing or processing staff.
• Draft copies of the appraisal, engineering, and Phase I reports; changes are negotiated, if required.
• Order, review, approve, and submit credit reports on various companies such as borrowers and tenants.
• Assist loan processors with Pipeline entry.
• Other duties as assigned.

We Stand for Excellence, so to achieve success in this role you should have:

• Strong communication skills, both written and verbal.
• Ability to work in a team environment and adapt to a rapidly changing environment.
• Ability to maintain confidentiality and adhere to organization policies and procedures.
• Strong attention to detail, accuracy, and consistency.

We believe People Matter, so we offer benefits that go beyond:

• Monthly paid volunteer hours and donation matching to benefit our communities
• Employee Resource Groups that help you grow with us
• Fertility and family planning services
• Up to 12-weeks of fully paid parental leave
• Mental health care, including free counseling sessions:
• We'll help you fund your learning journey with generous tuition reimbursement
• Pet insurance discounts
• And more!

Be the Next Big Thing. Be Berkadia.

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Berkadia, as an equal opportunity employer, celebrates our employees' unique differences, which we believe drives personal and company-wide innovation and creates a people-first culture where your career can take the long view. To achieve these goals, we are committed to the full inclusion of all qualified individuals, without regard to race, religion, age, color, national origin, gender, sexual orientation, gender identity or expression, marital status, domestic partner status, military and veteran status, disability, pregnancy, parental status, genetic information, political affiliation, or any other status protected by federal, state and local laws.

In keeping with our commitment, Berkadia takes the necessary steps to provide a workplace free from harassment and discrimination, as well as access and reasonable accommodations for individuals with disabilities. If you require reasonable accommodation to take part in the interview process, please contact [email protected].

You have rights under Federal and State employment laws. No question in this Application is intended to elicit information in violation of any such law, nor will any information obtained in response to any question be used in violation of any such law. If you apply for this role, you are acknowledging Berkadia's Application Policy and Berkadia's Privacy Policy. Please click the following links for more information about: EEOC, Employee Rights under the FMLA, EPPA.

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