American Equity Mortgage Analyst - Commercial Mortgage in West Des Moines, Iowa
GENERAL PURPOSE OF THE JOB:
The Mortgage Analyst is responsible for assisting with financial, business and legal analysis of simple-moderate commercial real estate transactions for mortgage origination and to ensure compliance with the legal documents, insurance department, regulations and company policy. Provides front line service to and communicates with correspondents, borrowers, attorneys, mortgage bankers, environmental engineers, appraisers, title officers, property managers, vendors and other commercial mortgage professionals.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Underwrites and analyzes potential loan requests through review of correspondent loan package, analysis of financial data including cash flow spreadsheet, determination of quality and functionality of collateral and review of borrower commercial real estate expertise and financial capability.
Gathers and evaluates economic, demographic and other real estate market data for potential loan opportunities.
Presents loan opportunities to the Loan Review group and Loan Committee.
Reviews single tenant or major/anchor tenant leases to identify any issues that need to be addressed prior to rate lock.
Drafts mortgage applications for review by Mortgage Originators.
Prepares files for underwriting including preparation of committee write-up package for review by Mortgage Originators.
Maintains contact with correspondent, communicates progress of loan request/application and obtain any required information and documentation.
Travels as necessary to assess and inspect properties, learn market dynamics and meet correspondents.
Assists in the annual review and rating of the loan portfolio.
Provides assistance on other commercial loan projects as needed.
Performs other related work as assigned.
Direct Reports: 0
General Description of Indirect Reports (2 and 3-downs): 0
EDUCATION AND/OR EXPERIENCE:
- Bachelor’s degree in business administration, finance, real estate, marketing or related field of study; plus a minimum of 1 year of related experience; or equivalent combination of education and/or experience.
CERTIFICATES, LICENSES, PROFESSIONAL DESIGNATIONS:
KNOWLEDGE, SKILLS AND ABILITIES:
Strong customer service orientation.
Effective verbal and written communication skills with ability to effectively present information and respond to questions from individuals and groups.
Strong analytical and research skills with ability to apply advanced mathematical concepts and applications.
Strong attention to detail.
Strong interpersonal skills.
Ability to build and manage external business relationships.
Proficient in the use of Microsoft Office applications with emphasis on Word and Excel.
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
Strong planning and organization skills with the ability to work on multiple assignments simultaneously.
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
Ability to successfully handle pressure and meet deadlines in a fast-paced work environment.
Ability to work cooperatively and successfully with employees, customers, and other outside third parties.
Ability to travel up to 10% of the time.
This description covers the major purpose and essential functions of the job. It is not intended to give all details or a step-by-step account of the way each task is to be performed. Employees may receive other job-related instructions and be required to perform other job-related work requested by their manager. All requirements are subject to possible modification to provide reasonable accommodation to qualified individuals with disabilities.