Full-Time
Multifamily Affordable Underwriting and Credit Lead
Confirmed live in the last 24 hours
Fannie Mae
10,001+ employees
Facilitates affordable housing through mortgage financing
Mid, Senior
Washington, DC, USA
Flexible hybrid work model.
You match the following Fannie Mae's candidate preferences
Employers are more likely to interview you if you match these preferences:
- 4 years of relevant experience
- Ability to identify and mitigate risk within complex layers of affordable housing lending products
- Ability to underwriting and structuring loans for multifamily affordable housing investments
- Knowledge of the multifamily real estate industry
- Credit, property, and financial analysis skills
- Experience with evaluation of borrower/organizational structures
- Risk assessment, risk mitigation and relationship management skills
- Ability to collaborate with team members and key strategic partners
- Experience evaluating loan applications, financial profiles, and credit history
- Experience evaluating businesses, projects, budgets, and other financial entities or instruments to determine viability, stability, and performance
- Adept at managing project plans, resources, and people to ensure successful project completion
- Managing internal and/or external stakeholders
- Skilled in Excel
- Contribute to the team in gathering information on potential risks and costs involved with providing services to a customer
- Analyze the risks and costs and determine an appropriate lending decision, as well as create documentation of the negotiated decision
- Recommend and/or Approve issuance of the securities or other financial loans to the customer
- Underwriting and structuring loans for multifamily housing transactions, primarily funded with Low Income Housing Tax Credits (LIHTC) and Section 8 HAP
- Bachelor’s degree or equivalent
- Working knowledge or the desire to learn the nuances of affordable housing programs such as LIHTC, RAD; Section 8 HAP; Tax-exempt bond; Public Housing; and HOME programs
Fannie Mae operates in the U.S. housing finance system by purchasing mortgages from lenders, which helps these lenders maintain cash flow to offer more loans. The company buys mortgages from banks and financial institutions, holding some in its portfolio while packaging others into mortgage-backed securities (MBS) that are sold to investors. This process provides a steady flow of capital back into the housing market, promoting homeownership and rental opportunities. Fannie Mae earns revenue through fees for guaranteeing payments on MBS and from interest on its mortgage portfolio. The company aims to facilitate access to affordable housing and is recognized for its commitment to diversity, inclusion, and community service.
Company Stage
IPO
Total Funding
N/A
Headquarters
Washington, District of Columbia
Founded
1938
Simplify's Take
What believers are saying
- Fannie Mae's Green Financing Business saw a 20% increase in activity in 2024.
- The launch of Desktop Underwriter 12.0 will streamline mortgage approvals in 2025.
- Fannie Mae committed over $6.3 billion to multifamily affordable housing in 2024.
What critics are saying
- Rising interest rates may reduce demand for new mortgages and refinancing.
- Alternative financing options could threaten Fannie Mae's traditional mortgage model.
- Climate change risks could impact property values underlying mortgage-backed securities.
What makes Fannie Mae unique
- Fannie Mae has a long-standing history in the U.S. housing finance system.
- The company provides liquidity by purchasing mortgages and issuing mortgage-backed securities.
- Fannie Mae is recognized for its commitment to diversity and community service.
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Benefits
Flexible Work Hours