Private Label CBMS vs Agency CMBS

I work in agency underwriting. I get my hands on some big deals like credit facilities, cross collateralized loans, and portfolio deals. I see complicated org charts and deal structures and I even work with the trading desk to price the mbs for sale to investors. Besides the quality of the assets and the asset type, are there many other differences working for a DUS lender different compared to a shop underwriting private label Cmbs? Also is it feasible to go from a top agency underwriting group to a group doing non-agency work?

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