Underwriting Analyst

Underwriting Analyst

Colliers is seeking an Underwriting Analyst to support our HUD / FHA underwriting team. Analysts in this role will assist our senior underwriting team from pre-underwriting analysis through the completion of the final Underwriter's Narrative, including conducting in depth financial analysis, identifying strengths and weaknesses of prospective multifamily loans, and presenting their findings to our internal Loan Committee and Firm Application submissions to the U.S. Department of Housing and Urban Development.

Essential Duties and Responsibilities :

• Assist the HUD / FHA underwriting team in completing the prospective loan narrative and updating financial model with rent rolls, budgets, operating statements, and third-party report conclusions
• Collaborate with the underwriting, production, and closing teams to determine deal timelines and identify challenges to prospective loans
• Support the underwriting team in the credit review of prospective loans
• Perform in-person property / site inspections and complete lease audits verifying property operations
• Conduct market research to evaluate comparable properties and local market trends, utilizing tools such as CoStar and various third-party appraisal reports
• Evaluate the strengths, weaknesses, and mitigants of prospective loans, while developing and maintaining a strong understanding of the HUD / FHA Multifamily Accelerated Processing and Office of Residential Care Facilities program guidelines
• Recognizing and analyzing industry trends, including current economic conditions, interest rate environment, and demographic trends
• Coordinate and compile Loan Committee packages and Pre-Application / Firm Application submissions
• Other duties as assigned