Job Information
FANNIE MAE Multifamily Affordable Housing Underwriter - Advisor (Flexible Hybrid) in Washington, District Of Columbia
Job Description As a valued contributor to our team, you will advise team members on managing communications and/or negotiations between Fannie Mae and clients regarding loans and other investments. In this role, you will review and comment on underwriting and reviewing the issuance of securities to customers.
THE IMPACT YOU WILL MAKE
The Multifamily Affordable Housing Underwriter - Advisor role will offer you the flexibility to make each day your own, while working alongside people who care so that you can deliver on the following responsibilities:
Perform forensic underwriting reviews and identify potential red flags to prevent the enterprise from acquiring loans with potential fraud, deficient property values or increased borrower exposure risk.
Advise on potential risks and costs involved with providing services to a customer.
Analyze the risks and costs of a lending decision and make recommendations on process improvement related to decision process.
Advise on process related to issuance of the securities or other financial loans to the customer.
Qualifications THE EXPERIENCE YOU BRING TO THE TEAM
Minimum Required Experience
6 years of relevant Multifamily underwriting experience with particular emphasis on Multifamily Affordable housing properties
Expertise in Multifamily Affordable Housing Finance: comprehensive experience in underwriting and structuring complex transactions with specialized focus in Tax-Exempt Bond Financing, Low-Income Housing Tax Credits (LIHTC), Subordinate Debt Financing, and Section 8 HAP Contracts
Desired Experience
Bachelor's degree or equivalent
Comprehensive knowledge of commercial mortgage Multifamily underwriting including property financial analysis, borrower credit, third party reports, and market analyses
Knowledge of DUS/GSE underwriting guidelines
Demonstrated ability to work in a fast paced, results driven environment
Demonstrated ability to balance the demands of multiple client requests at any given time
Knowledge of other federal, state, and local Affordable housing programs
Proficiency in financial analysis and modeling
Excellent analytical, problem-solving, and decision-making abilities
Ability to manage multiple tasks and deadlines
Multifamily Affordable property valuation – knowledge of valuation methods and how they apply uniquely to Affordable housing
Loan Structuring – understand complex financing and multiple layers of debt and equity
Governance and Compliance experience including creating policies, evaluating compliance, developing data governance, preferred
Skilled in Excel (intermediate or advanced); Sales Force
Fannie Mae is an Equal Opportunity Employer, which means we are committed to fostering a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, religion, national origin, gender, gender identity, sexual orientation, personal appearance, protected veteran status, disability, age, or other legally protected status. For individuals with disabilities who would like to request an accommodation in the application process, email us at careers_mailbox@fanniemae.com.
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