Assistant Underwriter Jobs in Riverside, CA (NOW HIRING)

Department:

We are Walker & Dunlop. We are one of the largest providers of capital to the commercial real estate industry, enabling real estate owners and operators to bring their visions of communities - where people live, work, shop, and play - to life. We are committed to creating meaningful social, environmental, and economic change in our communities.

Department Overview

GSE Underwriting is responsible for pre-screening and underwriting all Fannie Mae and Freddie Mac loans.

The Impact You Will Have

The primary role of this individual will be as an individual contributor on an Underwriting team.

Primary Responsibilities

• Structure, underwrite, monitor, and perform due diligence for multifamily housing products and transactions.

• Anticipate and resolve issues for customers and underwriting team.

• Demonstrate an understanding of the history and function of Fannie Mae, Fannie Mae DUS, DUS Lenders, and Freddie Mac Program Plus.

• Demonstrate understanding of the Freddie Mac and Fannie Mae methodology for building up Proforma income and expenses.

• Demonstrate understanding of Part III of the DUS Guide and Freddie Mac Guide, and periodic updates on an on-going basis in order to cultivate continuous improvement.

• Conduct site visits to assess the condition and quality of multifamily projects, their management, and their marketplaces.

• Review third-party Appraisals, Engineering Reports, Seismic Reports, Phase I Environmental Assessments and Operations and Maintenance (O & M) Reports.

• Maintain organized and fully documented Underwriting Files.

• Craft accurate and analytical Narratives for submission to Chief Underwriter with supervision from Chief and Deputy Chief Underwriters.

• Demonstrate responsibility for ensuring that the Underwriting team goals and initiatives are completed in a timely manner and needed resources are available to accomplish results.

• Work with Asset Management, Production, Closing and others as appropriate to closely monitor the performance and help develop and regularly refine benchmarks and metrics for evaluating the performance of the portfolio.

• Frequent business travel required.

• Communicate and problem-solve daily with teammates, clients, vendors, and other stakeholders, often in combination with travel

• Perform other duties as assigned

• Attendance is generally required from 8:30 am - 5:30 pm local time, Tuesday through Thursday, with the option to work remotely on Mondays and Fridays.

Education and Experience

• Bachelor's degree required.

• 3+ years of commercial real estate experience underwriting multifamily loans.

• Experience independently underwriting 12+ GSE loans required.

• Extensive knowledge of the Fannie Mae DUS and Freddie Mac Program Plus programs required.

Knowledge, Skills and Abilities

• Demonstrated knowledge of and experience in underwriting. This includes but would not be limited to a strong working knowledge of the key players in the industry, the issues and trends facing the industry, the ability to identify and underwrite the key credit, sponsor related risks, and the ability to evaluate alternative risks carefully when structuring a transaction, and a demonstrated knowledge of property operations.

• Demonstrated analytical skills with the ability to evaluate data quickly, make decisions based on imperfect data, and take action in order to assist the team in moving its transactions forward.

• Excellent interpersonal and presentation skills and the ability to effectively communicate with all levels of management.

• Demonstrated commitment to innovation and change and willingness to take initiative to accomplish change.

• Demonstrated ability to develop and execute solutions to complex issues and transactions.

• Extensive multifamily experience across a wide range of financial and product executions.

• Demonstrated business management experience as well as a demonstrated capacity to provide leadership in closing deals.

• Ability to show ownership of your work, take on challenges and acknowledge growth opportunities, and demonstrate patience when learning new processes

• Courtesy, respect, and thoughtfulness in teaming with colleagues and other stakeholders

This position has an estimated base salary of $80,000 - $100,000 plus discretionary bonus. An employment offer is based on the applicant's relevant work experience, applicable knowledge, skills, abilities, internal equity, and alignment with market data.

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What We Offer

• The opportunity to join one of Fortune Magazine's Great Places to Work winners

• Comprehensive benefit options* that have earned Walker & Dunlop the gold level of the 2025 Cigna Healthy Workforce Designation, some of which include:
  - Up to 83% subsidized medical payroll deductions
  - Competitive dental and vision benefits
  - 401(k) + match
  -Pre-tax transit and commuting benefits
  - A robust health and wellness program - earn cash rewards and gain access to resources that
  promote health, engagement, and balance
  -Paid maternity and parental leave, as well as other family paid leave programs
  -Company-paid life, short and long-term disability insurance
  -Health Savings Account and Healthcare and Dependent Care Flexible Spending

• Career development opportunities

• Empowerment and encouragement to give back - volunteer hours and donation matching

*Eligibility may vary based on average number of hours worked

EEO Statement

We are committed to equity in all steps of the recruitment and employment experience. We believe in equal access to opportunities in our workplace. We do not tolerate discrimination, including harassment, based on any characteristic protected by applicable law, such as race, color, national origin, religion, gender identity, sexual orientation, sex, age, disability, veteran or military status, and genetic information, or any other characteristic protected by applicable law. We strive to be a safe place to ask questions, build professional relationships, and develop careers.

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Please be wary of recruitment scams. An indication of a scam might be a request for sensitive or bank information at the time of application or emails coming from a non walkerdunlop.com email address. Please call us at 301.215.5500, if you have any concerns about information requested during or after the application process.

Fair Chance Hiring

Background checks, including any questions related to infractions, arrests, or conviction records, will not be conducted until after a conditional offer of employment has been accepted. We will consider for employment qualified applicants regardless of arrest and conviction records, in accordance with federal, state, and local laws.