Underwriter IV- Agency; Affordable

Position Overview

At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. We work together each day to foster an inclusive workplace culture where all employees feel respected, valued and have an opportunity to contribute to the company’s success. As an Underwriter IV – Agency within PNC’s Multi‑Family Capital organization, you will be based in a preferred PNC location.

Other PNC locations may be considered.

• Intimate knowledge of Fannie Mae Multifamily Affordable Housing and Freddie Mac Targeted Affordable Housing products.
• Review and analyze third‑party reports, including Environmental, Property Condition Assessment, Plan and Cost Review, Appraisal, and Market Study.
• Perform property site inspections in accordance with PNC, Fannie Mae and Freddie Mac requirements.
• Use independent judgment to identify risks and mitigants, prepare offerings and/or scorecards such as risk ratings, and analyze credit, collateral strength and financial worthiness of loan/transaction parties.
• Perform ongoing credit risk management for the assigned portfolio when relevant.
• Coach, review the work of other underwriters and act as a temporary manager as required.
• Contact internal and external customers to gather information and clarify inconsistent, incorrect or missing data.
• Identify and confirm all external regulatory requirements and ensure internal policies and procedures are followed.
• Make recommendations on credit decisions or make credit decisions directly as appropriate.

• University or college degree with 5+ years of industry‑relevant experience.
• Strong knowledge of underwriting, credit analysis, financial analysis, risk assessment and real‑estate market research.
• Experience with IRS Code Section
  42 and
  47, equity structures and documentation.
• Ability to manage multiple priorities, coach others and work independently with little oversight.
• Excellent accuracy, attention to detail, and critical‑thinking skills.

Base salary: $65,000.00 – $. Salaries may vary based on geographic location, market data and individual skills, experience and education. This role is incentive eligible with the payment based upon company, business and/or individual performance.

• Medical, prescription drug coverage with a Health Savings Account feature.
• Dental and vision plans.
• Employee and spouse/child life insurance.
• Short and long‑term disability protection.
• 401(k) with PNC match, pension and stock purchase plans.
• Dependent care reimbursement account.
• Back‑up child/elder care; adoption, surrogacy and doula reimbursement.
• Educational assistance, including select programs fully paid.
• Robust wellness program with financial incentives.
• Paid time off: maternity and/or parental leave; up to 11 paid holidays each year; 9 occasional absence days each year unless otherwise required by law; 15–25 vacation days each year based on career level.

If an accommodation is required to participate in the application process, please contact  and include the subject line “accommodation request” with your name, the job  preferred method of contact. All information provided will be kept confidential and used only as required to provide reasonable accommodations.

PNC provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status or other protected categories. This position is subject to the requirements of Section
19 of the Federal Deposit Insurance Act and relevant state and federal regulations. California residents are subject to the California Consumer Privacy Act privacy notice. PNC remains committed to providing reasonable accommodations to qualified applicants and employees with disabilities.