Senior Underwriter

Sr. Mortgage Underwriter (Vice President) - Remote Based

Morgan Stanley is a global financial services leader with three core businesses - Institutional Securities, Asset Management, and Global Wealth Management.  Global Wealth Management is offered by the Morgan Stanley Wealth Management (MSWM) franchise, which has one of the world’s largest networks of Financial Advisors.  In addition to our comprehensive financial services, which include brokerage, investment advisor, financial and wealth planning, annuities, insurance and retirement, Morgan Stanley is continuing to enhance our lending, trust and cash management capabilities.  By combining our lending financial services business with private banking products built specifically to service the needs of Financial Advisors and their clients, we can tailor banking and lending solutions to client needs.  

Morgan Stanley Home Loans is expanding its retail Mortgage Lending Division. We are looking for the best of the best to provide premier mortgage services to our clients. As part of Global Wealth Management Division (GWM), we have a partnership with Morgan Stanley’s retail brokerage network that provides a proprietary source of inbound business. 

Morgan Stanley Private Bank National Association is seeking an experienced, positive and motivated individual to join our Home Loans underwriting team. The successful candidate will possess a combination of deal structuring and underwriting skills and experience underwriting mortgage loans for sophisticated borrowers with complex income streams. Our Sr. Mortgage Underwriters are responsible for analyzing clients’ financial background and making lending decisions. 

Location: 

This is a REMOTE based opportunity
 
Position Responsibilities 

• Underwrite and analyze multifaceted mortgage loans for high net-worth clients within delegated credit authority and in accordance with MSPBNA credit policy, lending standards and risk appetite 

• Proactively and effectively manage and maintain a pipeline of complex transactions

• Provide guidance as related to complex income scenarios to partners and junior team members

• Perform complicated income, business financial statement and tax return analysis

• Assist in identifying or recommending alternative loan solutions

• Provide onboarding and training to new team members

Qualifications

• Private bank lending experience, business relationship management or commercial credit analysis experience including providing business financing

• Minimum 10 years’ experience credit analysis and underwriting for high net-worth individuals 

• Experience underwriting non-conforming loans

• Experience structuring and underwriting loans held in entities i.e. LLCs and Trusts

• Experience in pipeline management

• College degree preferred or equivalent experience, advance degree a plus

Skills/Abilities 

• Ability to comprehend business financial statements and personal and business tax returns 

• Advanced verbal and written communication skills, including ability to articulate a borrower’s financial profile and associated risks  

• Superior knowledge of underwriting and credit risk principles

• Ability to recognize, mitigate and escalate risks where appropriate 

• Experience with structured credit transactions including terms, covenants, etc. and impact to mortgage product

• Ability to communicate effectively with senior leadership and partners

• Ability to review and understand high value property appraisals and title review, including entity vesting

• Ability to structure and re-structure complex loan scenarios

• Complex self-employed income analysis and cash flow expertise

• Ability to partner and collaborate within a deal team (comprising of Mortgage Consultants, Relationship Managers, Loan Processors, Private Bankers and Financial Advisors) 

• Comfortability in communicating with CPAs, CFOs, Business Managers, etc.

• Experience with wealth management clients 

• Extraordinary client service aptitude

• Meticulous follow-up and follow through

• Ability to work under tight timelines

• Excellent attention to detail

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years.  Our values - putting clients first, doing the right thing, leading with exceptional ideas, com