Prudential Mortgage Capital Company (PMCC) is one of the nation's leading providers of commercial mortgages for multifamily, retail, office, industrial, and hotel properties. We offer one of the most comprehensive lines of real estate finance products including fixed-rate, floating-rate and bridge loans; Fannie Mae DUS™, Freddie Mac and FHA insured; and affordable housing financing. The Company is structured to provide clients with one source for all commercial mortgage financing and servicing needs, giving the firm a competitive advantage in the marketplace.
PMCC is seeking Senior Underwriters for Prudential Huntoon Paige (PHP), its FHA lending platform. PHP is a leading provider of FHA-insured commercial mortgages on multi-family and health care properties. This position will report to the FHA Chief Underwriter and can be located in any of the following PMCC office locations: Newark, NJ; New York, NY; Chicago, IL, McLean, VA, or Atlanta, GA
The incumbent will provide or direct thorough underwriting analyses of multifamily and healthcare applications in conformance with FHA program requirements and sound underwriting standards resulting in FHA commitments and closed loans. The incumbent will provide supervision, technical guidance and oversight to junior staff.
During the previous 3 years, the incumbent must have underwritten multifamily real estate loans for FHA insurance, banking institutions, FNMA, or housing authorities with FHA-like criteria.
Experience must include not less than 5 loans underwritten and closed within the past 7 years; 3 of the 5 must have been underwritten and closed within the last 3 years, and none may have experienced an early claim or default within 3 years of funding.
Experience in underwriting acquisition and refinance transactions, new construction, and substantial rehabilitation required.
Experience in underwriting and closing tax credit or other government subsidized loans is preferred.
Experience underwriting and closing FNMA, housing authority or other multifamily real estate loans will be considered as well.
Demonstrated success underwriting and closing HUD insured loans under all program types.
Excellent real estate knowledge and mortgage credit, property condition and market and value analysis skills
Ability to assess issues and implement solutions within HUD and PMCC program requirements.
Candidate should be creative, flexible, proactive and team-oriented with strong customer service, communication and negotiating skills.
Strong organizational skills with the ability to manage multiple assignments and priorities is essential
Strong teamwork and partnering skills with the ability to effectively manage the expectations of multiple internal and external constituents.
Solid management skills with the desire and ability to mentor, train and develop team staff
Ability to travel to attend industry meetings, conferences, project inspections and closings
Section 232 Healthcare MAP and LEAN approval or other healthcare financing experience a plus.
A minimum of a BS/BA degree is preferred in finance, real estate or a related discipline
Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.
We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.
Prudential and its affiliates, Newark, New Jersey are Equal Opportunity/Affirmative Action Employers and are committed to diversity in our workforce.
Note that this posting is intended for individual applicants. Search firms or agencies should email Staffing at firstname.lastname@example.org for more information about doing business with Prudential.
United States-New Jersey-Newark
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For more than 140 years, Prudential has delivered products and services that help address the financial challenges of individual and...