Be Part of the Next. Be Berkadia. Berkadia is built on deep expertise, strong relationships, and a commitment to excellence across the commercial real estate industry. What sets us apart is our people. As a values-driven organization, we foster a culture where collaboration thrives, growth is encouraged, and employees are empowered to make an impact. Together, our people strengthen our business and help shape the future of Berkadia. Are you ready to be part of the next? Discover your next opportunity at Berkadia and apply today. The Real Estate Analyst plays a crucial role in supporting branch originators by analyzing complex commercial mortgage deals, preparing detailed loan submissions, and facilitating the underwriting process. This position involves direct interaction with borrowers, conducting market research, and assisting in the marketing of our products and services to potential clients, ensuring a seamless and efficient loan process. Are you looking for an opportunity to begin your career by learning from some of commercial real estate's best and brightest? Berkadia's Rotational Analyst Program takes a dynamic approach to analyst onboarding and development across two of Berkadia's three most critical platforms - mortgage banking, investment sales and underwriting. Over 12 months, you'll partner with seasoned professionals, senior leadership and reliable mentors as you prepare to make an impact on the CRE industry. Be the Next Big Thing. Be Berkadia. We are committed to growing your career! Berkadia's Rotational Analyst Program is changing the way the industry trains and develops CRE analysts around the many facets of the production business. As a Rotational Analyst, you'll engage in a comprehensive onboarding experience where analysts will be introduced to: Berkadia's culture; Client-facing business segments; Supporting groups and technologies; Berkadia employees, ranging from analysts through members of executive leadership During the 12-month rotational program, you will have rotations in Mortgage Banking/Originations, Underwriting, Closing and Construction Management. You'll play a critical role in executing and supporting business for our multi-billion-dollar capital markets platforms. Along the way, you'll receive mentorship and coaching from a program manager, rotation manager, and peer mentor. The HUD/FHA Program Rotations While supporting Mortgage Banking, you will focus on reviewing and evaluating new loan opportunities and serve as a key point of contact for tracking the progress of those opportunities through the loan cycle. Example tasks in Mortgage Banking include: Participating in the Mortgage Banking origination team's client meetings and client calls; Reviewing preliminary loan information and excel sizing transactions with the product originations team; Adding quotes to internal tracking (CRM) system; Preparing borrower engaged deals for handoff to the Underwriting Team. Assisting in crafting project narratives and presenting potential new projects to HUD field offices Assisting Berkadia Mortgage Bankers in targeting potential new clients/projects. Learn and analyze various deal structures for Affordable Housing, Market Rate, Senior's Housing, Low Income Housing and Historic Tax Credit Housing While supporting Underwriting, you will evaluate engaged loans, prepare HUD required exhibits, and assist in the closing and delivery of approved loans.

Example tasks in Underwriting include:

Supporting underwriters (including Deputy Chief Underwriters and Chief Underwriters) in executing business; Analyzing real estate transactions, which includes assisting in the collection and review of loan due diligence materials, the generation of underwriting pro forma cash flows, identifying and evaluating risks and mitigants associated with a proposed transaction, and preparing formal presentations for loan committee; Assisting in all aspects of deal processing from application through underwriting and closing to delivery of the loan to servicing and/or investor; Coordinating and monitoring loan underwriting tasks performed by offshore resources as well as external third parties to ensure timely and accurate delivery of work product. Liaising with lender attorney to ensure legal complications are resolved While supporting Closing, you will evaluate loans for which a HUD commitment has been received and assist in the closing and delivery of approved loans.

Example tasks in Closing include:

Supporting Closers (including Team Leads and VP, FHA Closing) in all aspects of deal closing Monitoring and tracking appropriate closing documentation requirements (tax, repair, insurance) Recording loan and closing information in the Company's loan system of record Preparing the closing file for delivery to the New Loan Boarding team, and the Investor or document custodian While supporting Construction Management, you will evaluate closed construction loans, assist with bringing the loans to final endorsement, and monitor the team's portfolio. Example tasks in Construction Loan Servicing include:

Supporting Loan On-Boarding:

Attending Pre-Construction Call, Assisting with Loan Setup, Loan Document Review and Welcome Package.

Conducting Construction Administration:

Processing of Construction Draws, Change Orders, Permission to Occupy forms and additional Borrower Requests. Preparing for

Final Endorsement:

Reviewing of Cost Certification Audits, Attend Final Endorsement Meetings with Legal Counsel and Develop understanding of Conversion to Perm process.

Portfolio Monitoring:

Assist with key Monthly Reporting, Metrics and Meetings. Upon completing the 12-month rotational period, you will partner with local and program leadership to identify permanent placement into one of the HUD groups as determined by career interest, performance, and office needs. Recruitment Process Applications for the 2027 Rotational Analyst Program will be open until September 27th. Interview process includes 3 phases: recruiter phone screen, verbal case study and local team assessment. Applicants will only be eligible to final interview for one office location. (please have your office of preference ready at the time of your recruiter phone screen) Applicants are expected to travel to the local Dallas office for their final interview. Final decisions are projected for the week of November 16th, 2027. Program commences July 2027 for hired candidates. Sponsorship Berkadia is not offering visa sponsorship for this position. We believe People Matter, so we offer benefits that go beyond: Monthly paid volunteer hours and donation matching to benefit our communities Employee Resource Groups that help you grow with us Fertility and family planning services Up to 12-weeks of fully paid parental leave Mental health care, including free counseling sessions: We'll help you fund your learning journey with generous tuition reimbursement Pet insurance discounts And more! Be Your Best Self. Be Berkadia. Berkadia, as an equal opportunity employer, celebrates our employees' unique differences, which we believe drives personal and company-wide innovation and creates a people-first culture where your career can take the long view. To achieve these goals, we are committed to the full inclusion of all qualified individuals, without regard to race, religion, age, color, national origin, gender, sexual orientation, gender identity or expression, marital status, domestic partner status, military and veteran status, disability, pregnancy, parental status, genetic information, political affiliation, or any other status protected by federal, state and local laws. In keeping with our commitment, Berkadia takes the necessary steps to provide a workplace free from harassment and discrimination, as well as access and reasonable accommodations for individuals with disabilities. If you require reasonable accommodation to take part in the interview process, please contact talentacquisition@berkadia.com. You have rights under Federal and State employment laws. No question in this Application is intended to elicit information in violation of any such law, nor will any information obtained in response to any question be used in violation of any such law. If you apply for this role, you are acknowledging Berkadia's Application Policy and Berkadia's Privacy Policy. Please click the following links for more information about: EEOC, Employee Rights under the FMLA, EPPA.