Underwriting Analyst Job Listing at Prudential in Chicago, IL

Insurance, Finance

  Prudential Mortgage Capital Company (PMCC) is one of the
nation's leading providers of commercial mortgages on multifamily,
retail, office, industrial, and hotel properties. The Company
offers one of the most comprehensive lines of real estate finance
products including fixed-rate, floating-rate and interim/bridge
loans; Fannie Mae DUS™ and FHA lending; and affordable housing
financing. The company has been structured to provide clients with
one source for all commercial mortgage financing and servicing
needs, giving the firm a competitive advantage in the
marketplace.
Prudential Huntoon Paige (PHP) is PMCC's FHA lending division. PHP
is a leading provider of FHA-insured commercial mortgages on
multi-family and health care properties.  Prudential Huntoon
Paige specializes in working with the U.S. Department of Housing
and Development (HUD) on providing a wide variety of financing
options for multifamily and elderly care facilities throughout the
United States.  Financing includes but is not limited to new
construction, refinances, and acquisitions of properties which may
include market rate rental properties or affordable properties with
a mix of subsidies (Section 8, Tax Credits, Bonds, Grants).
We are seeking a highly motivated individual for placement as an
Underwriting Analyst on small fully integrated teams.  An
ideal candidate will be self-motivated and comfortable working in
teams both co-located in the same office as the candidate as well
as co-workers located elsewhere throughout the U.S.  This
position will be located in PHP's Chicago Office and will report to
the Underwriting Team Lead.
Responsibilities will include but may not be limited to the
following:
·         Primary point of
contact for borrowers and responsible for maintaining high customer
service satisfaction for due diligence collection
·         Interact with
originators and underwriters
·         Coordinate
delivery of due diligence materials to third party report
providers
·         Coordinate
delivery of due diligence materials from borrower to underwriting
team, including working with a processor to coordinate the
collection of property and borrower information
·         Review and
complete Quality Control checklist on reports when received
(including appraisals, market studies, environmental reports, and
property conditions assessments
·         Research local
real estate markets
·         Review due
diligence materials for accuracy with assistance from senior team
member
·         Assist in
responses to HUD deficiencies as needed
·         Provide Lender
Counsel with requested documentation
·         Conduct rent
roll, operating statement, and other financial analyses

·         Bachelor's Degreein Finance, Real Estate or similar preferred but not required
·         Relevant workexperience in the mortgage industry a plus
·         Excellentanalytical skills
·         Strongorganizational skills
·         Excellent writtenand verbal communication skills
·         Detailoriented
·         Ability tomultitask on several transactions at once
·         Ability to workindependently and collaboratively in a fast paced environment
·         Ability to adaptto changing circumstances and adjust priorities as needed
·         Ability to travelto site inspections required
·         Familiarity withMS Office applications (Excel, Word, and PowerPoint) & abilityto learn new applications
 
Skills Developed
·         Analytical
·         Communication
·        Organizational
·         Real Estate
·         GeneralBusiness