Real Estate Underwriter I

Our people at JLL are shaping the future of real estate for a better world by combining world class services, advisory and technology for our clients. Whether you’ve got deep experience in commercial real estate, skilled trades or technology, or you’re looking to apply your relevant experience to a new industry, join our team as we help shape a brighter way forward.We are currently seeking an experienced **Underwriter**to join our **JLL Capital Markets-Multifamily Debt Team**.The Underwriter must demonstrate the ability for detail, organization and analytical orientation, and possess the initiative to work in an independent and reliable manner.The Underwriter will provide exceptional service to our clients and underwrite multifamily products. They will complete the underwriting narrative and financial analysis, identify strengths and weaknesses with appropriate mitigants and present to loan committee for approval. The Underwriter must have knowledge of both the Fannie Mae DUS and Freddie Mac Program Plus programs and must have the ability to underwrite multifamily and senior housing products, including both conventional and affordable transactions.Analyze practical problems and resolve complex transactions when confronted with minimum detailed, concrete or standardized information* Lead Initial (and all follow-up) Deal Team meetings to evaluate strengths and weaknesses of prospective loans, understand Fannie Mae DUS and Freddie Mac Program guidelines and offer direction to the team for guide compliance, establish underwriting/closing timeline, and make borrower introductions* Manage to customer satisfaction and internal timelines for transaction funding* Compile independent data and form conclusions on market conditions, management, property condition, and sponsor* Review reports prepared by third-party consultants to determine market value, physical needs, environmental concerns and architectural/cost requirements are being met for multifamily and healthcare properties* Review of specialized documents such as ground leases, regulatory agreements, Section 8 contracts, bond documentation and operating agreements* Perform financial analysis including trend and cap rate analysis, capital expenditure requirements and proforma NOI and DSC calculations* Analyze and evaluate complex ownership borrower structures relative to legal and financial responsibilities and obligations* Complete property site inspections* Regularly communicate loan status updates to underwriting team and originators as appropriate.* Prepare waiver/exception justifications* Complete loan narrative incorporating strengths, weaknesses and mitigants in the overall transaction* Work closely with closing and pricing during rate lock to ensure the approved loan amount and structure is appropriately matched to the approved rate lock terms* Review for accuracy the draft commitment letter to be issued to the borrower to ensure commitment accuracy* Review and approve data input* Mentor Analyst and Processor* Additional duties as deemed necessary by management**Qualifications Required:*** 1-5 years of experience in Multifamily finance underwriting* An undergraduate degree in a business-related field (i.e. Finance, Accounting, Real Estate, Business)* Strong Microsoft Excel and Word proficiency* Strong math, verbal, writing, leadership, and organizational skills* Strong time management skills and ability to operate under demanding deadlines* Ability to multitask and work on several transactions simultaneously* Ability to recognize and mitigate risk* Excellent attention to detail and the ability to work independently and in teams* Ability to travel as needed**Physical Demands:**Must be able to physically inspect multiple residences and common areas within an apartment complex, as well as inspect comparable properties within the market. Inspections may also require the ability to sit, reach, and bend.Travel shall include various modes of travels (including but not limited to planes, trains and automobiles) to different time zones and may require overnight lodging.Location:**On-site –Atlanta, GA, Chicago, IL, Dallas, TX, Los Angeles, CA, San Francisco, CA, Tampa, FL, Washington, DCIf this job description resonates with you, we encourage you to apply, even if you don’t meet all the requirements. Personalized benefits that support personal well-being and growth:**401(k) plan with matching company contributions* Comprehensive Medical, Dental & Vision Care* Paid parental leave at 100% of salary* Paid Time Off and Company Holidays* Early access to earned wages through Daily PayAt JLL, we harness the power of artificial intelligence (AI) to efficiently accelerate meaningful connections between candidates and opportunities. Using AI capabilities, we analyze your application for relevant skills, experiences, and qualifications to generate valuable insights about how your unique profile aligns with the specific requirements of the role you're pursuing.***JLL Privacy Notice***Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously. Generally the personal information we collect from you are for the purposes of processing in connection with JLL’s recruitment process. We endeavour to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. For more information about how JLL processes your personal data, please view our Candidate Privacy Statement.For additional details please see our career site pages for each country.For candidates in the United States, please see a full copy of our Equal Employment Opportunity policy here.Jones Lang LaSalle (“JLL”) is an Equal Opportunity Employer and is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process – including the online application and/or overall selection process – you may email us at View email address on click.appcast.io. California Residents only**If you are a California resident as defined in the California Consumer Privacy Act (CCPA) please view our Supplemental Privacy Statement which describes your rights and disclosures about your personal information. Pursuant to the Los Angeles Fair Chance Initiative for Hiring Ordinance, JLL will consider for employment all qualified Applicants, including those with Criminal Histories, in a manner consistent with the requirements of applicable state and local laws, including the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance.Accepting applications on an ongoing basis until candidate identified.

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