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 Advisor is responsible for analyzing and underwriting loan applications for multifamily affordable housing projects. This role requires a good understanding of affordable housing finance, including federal, state, and local housing programs, tax credit financing, and other subsidy programs. The ideal candidate will have strong analytical skills, attention to detail, and the ability to work collaboratively with various stakeholders.

THE IMPACT YOU WILL MAKE

The Multifamily 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:

• Develop and manage on-going relationship with appointed customer.
• Advise on potential risks and costs associated with providing financial lending services to customer.
• Analyze and support the risks and mitigants of a lending decision.
• Create recommendations on process improvements related to decision process.
• Advise on process related to issuance of the securities or other financial loans to the customer.
• Deliver excellent customer service.
• Identify material risks in loan requests and mitigate appropriately.
• Evaluate Lenders’ due diligence on borrowers, properties, and market conditions in order to underwrite multifamily affordable housing loans appropriately.
• Analyze financial statements, proformas, rent rolls, and other relevant documents to assess project viability and risk.
• Assess the feasibility of proposed loans, including analysis of cash flow, debt service coverage ratios, and loan-to-value ratios.
• Review and confirm sources and uses, including tax credits, grants, and other subsidies.
• Provide excellent customer service and maintain strong relationships with clients and partners.

Qualifications

THE EXPERIENCE YOU BRING TO THE TEAM

Minimum Required Experience

• 6 years of relevant multifamily underwriting experience with a particular focus on affordable housing projects
• Comprehensive knowledge of commercial mortgage multifamily underwriting including property financial analysis, borrower credit, third party reports, and market analyses
• Demonstrated experience in underwriting and structuring commercial loans for multifamily housing with a focus on tax exempt financing structures, low-income housing tax credits, subordinate debt, and HAP Section 8
• Knowledge and experience with the commercial multifamily real estate industry
• Strong credit and financial analysis skills
• Excellent written and verbal communication skills
• 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 affordable housing finance, including LIHTC, HUD programs, and other federal, state, and local subsidies
• Proficiency in financial analysis and modeling, with excellent Excel skills
• Excellent analytical, problem-solving, and decision-making abilities
• Ability to manage multiple tasks and deadlines in a fast-paced environment

Desired Experience

• Bachelor’s degree preferred
• Experience evaluating businesses, projects, budgets, and other financial entities or instruments to determine viability, stability, and performance
• Evaluation of borrower/organizational structures
• Risk Assessment/mitigation and relationship management skills
• Ability to collaborate with team members and key strategic partners
• Customer and market insights
• Experience with various Multifamily Affordable Housing property types
• Skilled in Excel (intermediate or advanced); Sales Force
• Governance and Compliance experience including creating policies, evaluating compliance, developing data governance, preferred
• Experience with affordable housing regulatory requirements and compliance
• Strong interpersonal skills and ability to work effectively in a team-oriented environment