VP – MF Underwriting

Job Description

As VP, MF Underwriting – Specialty Products, this leader will direct and manage the strategic credit decision-making process for Multifamily Affordable Housing or MAH (~$7B in acquisitions) and Structured Facilities (“Structured”) products. This leader will report directly to the SVP, Chief Underwriter for Multifamily and will oversee a staff of more than 25 underwriters.  

THE IMPACT YOU WILL MAKE

The VP, MF Underwriting – Specialty Products 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:

• Manage the credit decision-making process on all MAH and Structured acquisition transactions for the Multifamily business unit.
• Lead and oversee work of employees aligned to the Specialty Products MF Credit Underwriting (CU) Team and ensure standards for credit quality are met on all incoming transactions, approving, and documenting variations to credit standards as necessary.
• Set measurable goals for team members and ensure they have the resources needed to achieve them.
• Develop policies, credit guidance, and methodologies with the SVP, Chief Underwriter; and ensure incoming book of business conforms to corporate risk tolerance parameters and limits.
• Engage with Research and Analytics to guide the development of MAH and Structured risk measures, coordinate risk research and analyses.
• Work with Enterprise Risk Management to develop risk policies, standards and guidelines for MAH and Structured transactions. Perform quarterly reviews and update of Multifamily DUS Guide and Underwriting Standards.
• Partner with Product Development to assess and implement updates to the MAH and Structured products as needed monitor their impact on MMB book of business.
• Communicate MF CU MAH and Structured priorities and risk considerations to relevant stakeholders including DUS Lenders, FHFA and internal risk partners.

Qualifications

THE EXPERIENCE YOU BRING TO THE TEAM

• At least 10 years’ demonstrable experience in underwriting multifamily loans, ideally with a focus on affordable housing and/or structured facilities.
• A minimum of 8 years of leadership experience; a passion for and commitment to talent development and overall people leadership.
• Ideally experience interfacing with the GSEs and/or working at a Desktop Underwriter (DUS) Lender.
• Strong executive communication and influencing skills; a proven track record of building both internal and external relationships.
• Strong analytics acumen; proven understanding of how to utilize metrics and data and ideally experience working with data visualization tools (Tableau, MS Excel, and others).
• Operational Excellence mindset; proven experience improving and ideally overseeing operations
• Bachelor’s degree required, preferably in Business Administration or a related field.
• Master’s degree preferred, preferably in in Real Estate Finance/Development, Urban Planning/Policy, Affordable Housing, Community Development, Business, Operations, Finance, or a related field.