Associate II, Asset Management - Transaction Underwriting

Purpose and Job Summary:

Lument is seeking an experienced Transactions Underwriting Associate II to underwrite Agency (Fannie Mae, Freddie Mac) loan assumptions in a dynamic and fast-paced environment. The ideal candidate has 2-3 years of underwriting experience and is ready to take ownership of complex transactions while advancing their expertise in multifamily real estate finance.

Essential Duties and Responsibilities:

• Independently underwrite and submit Agency loan assumptions, including the ability to make sound credit recommendations
• Review all due diligence materials provided for each transaction; quickly and accurately analyze and underwrite such data and identify key underwriting issues and potential transaction risks
• Produce well-organized underwriting assignments for multiple transactions simultaneously, requiring minimal feedback from loan committee
• Critically review, evaluate and approve all third-party reports
• Ability to independently assess credit risk and recommend mitigation
• Communicate directly with multiple Borrowers, counsel and Agency partners daily
• Maintain confidentiality and use discretion in the performance of daily activities
• Demonstrate excellent customer service and interpersonal skills with the ability to direct and oversee projects, communicate effectively across teams, and with internal/external clients (Agencies, Borrowers, Closing, Bankers)
• Ability to work under pressure with tight deadlines and constant priority-shifts in a changing environment
• Successfully review Analyst work products, specifically pertaining to due diligence collection, financial data analysis and underwriting narrative composition
• Find efficiencies and actively implement process improvements
• Limited Travel (roughly 5%)

• Bachelor's Degree Required: Concentration in Finance, Real Estate, Economics, Business and/or Accounting preferred
• Direct experience with Fannie Mae and/or Freddie Mac multifamily underwriting
• Ability to work well under pressure and adjust to varied workloads
• Excellent communication and organizational skills are required

• Advanced knowledge of Commercial Real Estate and Credit Risk/Mitigation terminology and practices
• Ability to analyze creditworthiness of sponsors and real estate performance/condition while providing concise risks, mitigations, and recommendations to loan committee
• This role requires an independent team player with good project management knowledge and the ability to pivot within ever-changing priorities
• Knowledge of Agency systems (MAMP, DMS, CRT)
• Advanced knowledge of Microsoft Office (Excel, Word, Outlook, PowerPoint)
• Proficient in analyzing real estate financials such as property operating statements, rent rolls, balance sheets and SREOs
• Advanced knowledge of Agency requirements relevant to loan assumptions
• Strong ability to effectively communicate with multiple external audiences (Borrowers, counsel, etc.)