T. Reed Lockert
Vancouver,WA
Summary
Senior Underwriter with extensive experience in loan underwriting and risk assessment at CBRE Capital Markets. Demonstrated ability to build strong relationships and improve operational efficiencies. Skilled in training development and effective communication, leading to successful outcomes in complex transactions while maintaining compliance with underwriting guidelines.
Overview
17
17
years of professional experience
Work History
Senior Underwriter - Private Client Services
CBRE Capital Markets
Portland, USA
03.2022 - 04.2025
- Underwrote & reviewed Jr. Underwriter loan submissions for Freddie SBL loans, Fannie SML loans, Freddie middle market loans ($5M - $20M), and bridge loans for agency take-outs ($5M - $75M).
- Fostered strong relationships with CBRE Origination Teams, Freddie Mac, CMC (Fannie Mae), and Repeat Sponsors.
- Provided guidance to the Senior Managing Director on the build-out of the Bridge Lending Program for Agency Take-Outs.
- Provided guidance to the Senior Managing Director on Sizer Improvements across all Agency Lending Platforms to increase efficiencies in processing.
- Created and presented numerous training guidelines for underwriters and senior underwriting analysts.
Underwriter - SBL Program w/ Freddie Mac
CBRE Capital Markets
Portland, USA
10.2017 - 03.2022
- Underwrote SBL loans and submitted final packages to Freddie Mac while working closely with CBRE origination teams, Freddie Mac, single counsel, insurance analysts/agents, and closing groups to maintain mutually beneficial loan structures.
- Identified and prepared programmatic exceptions with applicable supplemental documentation.
- Managed two remote analysts located in Seattle, WA, and Walnut Creek, CA, by conducting weekly pipeline calls to discuss and resolve deal issues, and communicate any potential delays in processing.
- Worked closely with Freddie Mac and advocated for CBRE Origination Teams, located in Phoenix, Seattle, Portland, San Francisco, Salt Lake City, Sacramento, and Los Angeles, throughout the underwriting process on a myriad of underwriting issues, including pricing implications, exception requests/approvals, and subsequent caveats, third-party report revisions, loan structuring, and sponsorship-related and property-level concerns.
- Analyzed third-party reports and collaborated with third-party vendors on necessary revisions.
- Reviewed all due diligence materials provided for transactions and communicated early and often with CBRE originators, single counsel, insurance analysts/agents, and closing groups to ensure all required due diligence is collected.
- Maintained clear communication with CBRE Origination Teams on deal-specific progress and issues on a proactive basis to help facilitate smooth executions.
- Completed site inspections with sponsors, listing brokers, appraisers, engineers, property management, and Freddie Mac.
- Assisted CBRE Originators with initial structuring, prior to application issuances, which included providing a risk assessment with pricing guidance, and a market/submarket fundamentals assessment utilizing CoStar, Axiometrics, and REIS.
Underwriter & Asset Manager
A10 Capital
Boise, USA
11.2014 - 09.2017
- Underwrote and prepared credit memos for the loan committee on complex real estate transactions, including auction purchases, assumptions, construction take-outs, REO acquisitions, traditional brokered acquisitions, portfolio acquisitions, recapitalizations, distressed debt purchases, discounted payoffs, and maturing loan refinances.
- Managed and monitored a portfolio of loans by processing draw requests and identifying adherence.
- Collaborated with Origination Teams to gauge "hot buttons" for prospective borrowers, and to structure loans accordingly.
- Collaborated closely with single counsel to ensure loan documents were prepared timely and in accordance with final underwriting.
Commercial Credit Analyst/Jr. Underwriter
Wells Fargo Bank
Boise, USA
09.2008 - 10.2014
- Navigated multiple systems, including BLAST, HOGAN, AFS, SVP, TRE Risk Systems, and Moody's Risk Analyst.
- Collaborated closely with the Underwriting Team and Relationship Managers on complex transactions.
- Reviewed financial statements to evaluate borrower's financial health and stability.
- Prepared detailed credit reports for internal review and decision-making processes.
- Monitored existing loans for compliance with underwriting guidelines and policies.
Education
B.S.B.A. - Finance
Auburn University
Auburn, AL05.2008
Skills
- Credit analysis
- Loan underwriting
- Regulatory compliance
- Due diligence review
- Market analysis
- Effective communication
- Team leadership
- Training development
- Problem solving
- Attention to detail
- Relationship building
- Pricing assessments
- Risk mitigation
- Trend analysis
- Pricing evaluations
- Application review
- Creditworthiness assessment
- Loan evaluation
- Documentation review
- Policy interpretation
- Net operating income formulation
- Freddie Mac and Fannie Mae
- Fraud detection
- Analytical thinking
- Report preparation
Noteworthy
CBRE Employment: In 7.5 years, I underwrote & closed 343 SBL loans totaling ~$976M. I underwrote several SML Loans and Middle Market Loans and provided Bridge Loan Quote Approvals for application issuances. SBL Loans underwritten encumbered properties located in CA, WA, OR, UT, ID, NV, AZ, OH, NY, NC, FL, & TX.
Timeline
Senior Underwriter - Private Client Services
CBRE Capital Markets
03.2022 - 04.2025
Underwriter - SBL Program w/ Freddie Mac
CBRE Capital Markets
10.2017 - 03.2022
Underwriter & Asset Manager
A10 Capital
11.2014 - 09.2017
Commercial Credit Analyst/Jr. Underwriter
Wells Fargo Bank
09.2008 - 10.2014
B.S.B.A. - Finance
Auburn University