Underwriter - Multifamily Affordable

As a Multifamily Underwriter you will be responsible for assisting the Chief Underwriter, Deputy Chief Underwriter and Senior Underwriter in evaluating

Multifamily Affordable Housing loan requests, assessing key areas of risks and conformance with CMC, Fannie Mae and Freddie Mac credit standards and program requirements. Prepares underwriting submissions for loan committee. Strong workethic and drive for excellence are essential to join this high-performance team.

• Responsible for credit and real estate analysis, processing incoming exhibits and preparing final delivery underwriting packages. Preparation of Borrower credit analysis including determination of net worth, liquidity,overall financial strength and acceptability of proposed borrower structure.

• Prepares narrative and underwriting packages on new loan requests.

• Reviews underwriting due diligence information and integrates real estate information from market research reports and other third-party sources.

• Trains, plans and supervises assignments of underwriting analysts

• Interfaces and collaborates with other internal teams, including production analysts, insurance and closing.

• Other duties as assigned.

No formal management responsibilities in this position. Provides informal assistance such as technical guidance and training to coworkers. Maylead ad hoc project teams.

To perform this job successfully, an individual must be able toperform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and ability required.

Reasonable accommodation may be made to enable individuals with disabilities toperform the essential functions.

• Experience underwriting Targeted Affordable Housing loans with a Fannie Mae DUS Lender or Freddie Mac TAH Seller/Servicer is highly desirable.

• Bachelor's degree from a four-year college or university required. Concentration in Finance, Accounting, Economics, Real Estate or other related subject preferred. Minimum two years’ experience in analysis of commercial real estate properties, including duties such as inspecting property, reviewing financial statements, and underwriting loan transactions.

• Candidates must possess a strong work ethic, excellent written communication and analytical skills, must be detail-oriented and possess the ability to work effectively with other team members and Freddie Mac/Fannie Maein a fast- paced environment

• Strong organizational skills required. Ability to provide efficient,timely, reliable and courteous service to customers. Ability to effectively present information

• Requires knowledge of financial terms and principles. Requires intermediate analytical and quantitative skills to conduct financial analysis.

• Ability to comprehend, analyze, and interpret documents. Ability tosolve problems involving several options in situations.

• Must make decisions with an understanding of procedures and company policies to achieve set results and deadlines. Responsible for setting interim project deadlines

• Proficient in AI prompts and skills and well as common Microsoft applications, including Word, Excel and PowerPoint.

• Will be required to travel as needed.

• NOTE:
  In addition to a resume, you must submit a cover letter outlining your interest in Multifamily Affordable Housing and the Underwriter role and describing the relevance of your professional and academic background. Strong written communication skills are imperative for the position. The cover letter will be used to assess writing ability.

• Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.

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