Transaction Manager at Merchants Capital Corporation

Carmel, Indiana, United States -

Full Time

Start Date

Immediate

Expiry Date

22 May, 26

Salary

0.0

Posted On

21 Feb, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Preliminary Underwriting, Loan Sizing, Client Facing, Origination Group, Underwriting, Customer Service, Financial Analysis, HUD, GSE, MBI Credit Teams, Financial Statements Analysis, Due Diligence, Term Sheet Preparation, Communication, Analytical Skills, Organizational Skills

Industry

Financial Services

Description

Description Location: We are open to this position sitting at one of our office locations located in: Carmel, IN - Washington, DC - New York, NY This is an intermediate, client facing position designed to work closely within the Origination group in vetting opportunities by completing preliminary underwriting and determining the best use of company lending platforms. The Transaction Manager will be responsible for efficiently moving loan transactions from preliminary underwriting through closing as well as streamlining the client interaction process by minimizing client touch points and providing excellent customer service through accurate and timely communication. The Transaction Manager is an individual contributor role with limited and generally supervised customer contact. A successful Transaction Manager will perform accurate initial underwriting and loan sizing analyses that properly capitalize on a project’s financial strengths and mitigate weaknesses. Success will be marked by timely work and deadline adherence. Transaction Managers who can work independently as well as part of the Origination and Underwriting teams and are able to learn from each experience will recognize excellent growth paths toward other positions in the organization. A successful Transaction Manager will possess technical understanding of the multifamily loan process and an experienced understanding of multifamily loan underwriting. Requirements Perform preliminary underwriting to accurately size lending transactions by working with HUD, GSE, and MBI credit teams. Analyze financial statements and reports related to the transaction, such as historical & pro forma property operating statements, rent rolls, sources and uses, real estate owned schedules, appraisals, and project capital needs assessments. Assist Loan Originator in streamlining communication for accurate and timely client interaction. Oversee loans from Application through Closing. Support and Assist Originators throughout transaction process. Develop client relationships. Prepare term sheets for review and approval by MBI along with assisting in preparation of HUD & GSE Engagement Letters. Composition and analysis of HUD Concept Packages, GSE Soft Quotes, & GSE Pre-Screens. Review 3rd party reports and communicate any issues. Lead due diligence process with clients and internal company processors. Continuing education on MBI, HUD, RD, FHLMC & FNMA program developments, loan policies, and guidelines. Attend training on applicable subjects when available and appropriate for position. 70% of time will be spent on routine, transactional work. 25% of time will be spent executing strategy using experience and judgment. 5% of time will be spent on long-term, strategic work. Expected Experience, Skills and Education: Requires a bachelor’s degree from an accredited institution, preferably with a focus in finance or commercial real estate. Requires 2-4 years of multifamily credit analysis experience; multifamily affordable housing experience preferred. Requires proficiency with Microsoft Office, with emphasis on Excel and Word. Must demonstrate excellent communication, analytical, interpersonal, and organizational skills. Must be self-sufficient with project/timeline management skills; accuracy and attention to details; and the ability to adapt in an entrepreneurial business environment. Must be able to work well under pressure and have the ability to prioritize work to meet deadlines in a fast-paced environment. Requires occasional travel for property inspections, loan closings, training opportunities and transaction meetings. 10% travel overnight – typically 1-2 nights. Multifamily real estate and affordable housing development experience. Our Benefits: Merchants offers a comprehensive package of benefits for eligible employees, including, but not limited to: 401(k) employer contributions; employee stock ownership plan (ESOP); medical, dental and vision insurance; various types of leaves of absence, including paid time off, paid holidays, paid leave as provided under state and local paid leave laws, and short-term and long-term disability; health savings accounts (HSAs), flexible spending accounts (FSAs), dependent care and commuter reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; telehealth, optional ancillary insurance policies, education assistance, and an employee assistance program. Eligibility for benefits is governed by the applicable plan documents and policies. ABOUT MERCHANTS CAPITAL With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multifamily housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA, in addition to our bank’s balance sheet products, allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways. Recognized as a top five affordable lender, Merchants Capital pairs our comprehensive debt offerings with in-house tax credit equity to provide a one-stop-shop for developers and owners. To learn more about Merchants Capital, visit www.merchantscapital.com.

Responsibilities

This role involves efficiently moving loan transactions from preliminary underwriting through closing while streamlining client interaction through accurate and timely communication. The manager will perform accurate initial underwriting and loan sizing analyses to properly capitalize on project strengths and mitigate weaknesses.