Full-Time
LIHTC Underwriter Senior Associate
Fannie Mae
10,001+ employees
Purchases mortgages, issues mortgage-backed securities
Compensation Overview
$96k - $124k/yr
Washington, DC, USA
Hybrid
Regular onsite work is expected at the designated Washington, DC office; the in-office cadence is determined by the manager.
Bachelor's
 Finance & Banking (1) |
|---|
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- At least 2 years of relevant experience underwriting Low-Income Housing Tax Credit proprietary fund investments while maintaining product and credit quality.
- Demonstrated experience modeling and structuring Low-Income Housing Tax Credit investments and managing critical projects with tight and changing timelines.
- Experience managing multiple and competing priorities to maintain a robust pipeline of prospective investments.
- Strong analytical, verbal, written, and presentation communication skills.
- Ability to influence through negotiating, persuading others, facilitating meetings, and resolving conflict.
- Ability to manage and engage stakeholders, customers, and vendors and build relationship networks.
- Experience gathering accurate information to explain concepts clearly and answer critical questions.
- Ability to work respectfully and cooperatively with individuals across diverse functional areas to achieve shared goals.
- Skill with Microsoft Office suite products, particularly Excel, Word, and PowerPoint.
- Curiosity and adaptability in learning and responsibly applying new techniques, including artificial intelligence, to reimagine work.
- Develop customer relationships with the Low-Income Housing Tax Credit team, advisors, and syndicator partners to communicate investment parameters, manage the pipeline, and screen, model, price, and negotiate letters of intent for multifamily Low-Income Housing Tax Credit investments.
- Assist with the underwriting and closing of proprietary and multi-investor fund investments, including negotiating proprietary fund agreements under the direction of senior leaders and advisors.
- Assist the Head of Underwriting with underwriting and closing lower-tier proprietary investments.
- Identify and assess the risk profile of Low-Income Housing Tax Credit investments to ensure risk is mitigated and objectives are met within credit, investment, and regulatory guidelines.
- Coordinate with internal and external teams to develop milestones for seamless execution of letters of intent and secured investments.
- Assist senior leaders with managing and updating processes involving multifamily legal, risk, operations, finance, accounting, and audit stakeholders.
- Partner with management to recommend business solutions based on analysis of internal and market data.
- Participate in special projects as needed.
- Travel on a limited basis to visit prospective investments and markets.
- Experience with equity or debt portfolio management software or systems such as MRI, Salesforce, and Yardi.
- Ability to navigate multiple systems, manage data, and create reports.
- A bachelor's degree or equivalent.
Fannie Mae buys mortgages from lenders, holds some, and packages others into mortgage-backed securities (MBS) sold to investors to provide liquidity for new lending. It operates in the secondary mortgage market, where originated loans are sold to Fannie Mae, then either held or securitized into MBS and sold; it earns fees for guaranteeing timely payments and interest on held mortgages. It differentiates itself as a government-sponsored enterprise (GSE) with a long-standing role in promoting affordable housing and community initiatives. Its goal is to maintain stable, affordable access to housing by ensuring lenders have funds to offer mortgages and by securitizing debt to support the U.S. housing finance system.
Company Size
10,001+
Company Stage
IPO
Headquarters
Washington DC, District of Columbia
Founded
1938
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Simplify's Take
What believers are saying
- Q2 2026 net income rose 20% year over year to $4.0 billion.
- Reuters reported September 2026 VantageScore approval for all lenders, expanding loan delivery.
- Norway's proposed Treasury rotation into agency MBS supports demand for Fannie-guaranteed securities.
What critics are saying
- Bill Pulte fired about a dozen senior leaders in August 2026, disrupting execution.
- The 2026 IPO push remains unresolved, leaving Fannie exposed to political reversals.
- A mishandled privatization or staffing collapse threatens mortgage-market stability and Fannie Mae's franchise.
What makes Fannie Mae unique
- Fannie Mae still anchors $4.1 trillion of U.S. mortgages under FHFA conservatorship.
- Its guaranty business and $4.0 billion Q2 2026 profit show durable funding power.
- September 2026 VantageScore expansion broadens lender access across the agency's mortgage channels.
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Benefits
Flexible Work Hours
Company News
Norway's sovereign wealth fund has proposed cutting government bonds from 70% to 50% of its benchmark, potentially selling $75-80 billion in US Treasuries. The fund wants greater exposure to agency mortgage-backed securities instead. Treasury Secretary Scott Bessent suggested Norway could swap Treasuries for assets like Fannie Mae stock. However, Norway's proposal involves mortgage-backed securities guaranteed by Fannie Mae, not the company's shares. Fannie Mae reported $4 billion in net income for Q2, up from $3.7 billion in Q1. The government-sponsored enterprise remains under federal conservatorship since 2008. Analysts maintain a "hold" rating on Fannie Mae shares, with an average price target suggesting 54% upside. The company is scheduled to report Q3 results on 4 November, with analysts expecting earnings per share of $0.66.
Centene taps Fannie Mae executive as CIO. Health Care Operations August 31, 2026 Centene has named Bradley Bolivar as its new chief information officer, effective immediately, as the health insurer continues to push artificial intelligence deeper into its operations. Bolivar joins the company from Fannie Mae, where he most recently served as CIO after first arriving in 2020 as a cloud infrastructure executive. Centene said Bolivar brings nearly three decades of technology leadership experience across financial services, media and consulting. Before Fannie Mae, he spent 15 years at Warner Bros. Entertainment as head of enterprise engineering and architecture, and earlier worked at Sapient as technology director from 1996 to 2005. The company said Bolivar's experience expanding the use of AI at Fannie Mae will support Centene's efforts to apply AI to member experience, care delivery and cost reduction. Centene has said AI is helping improve forecasting, fraud, waste and abuse detection, and legal department workflows as it works through pressure from higher medical spending in government programs, including Medicaid. About the company. Centene is a healthcare company that provides access to affordable, quality-focused healthcare products and services. It serves Medicaid and Medicare members, along with individuals and families covered through the Health Insurance Marketplace. The company is based in St. Louis and describes itself as a leading healthcare enterprise focused on helping people live healthier lives. company spotlight Osirium. In the current world of outsourcing, it can be hard to see who has privileged access to what on your systems. These days, the lowest paid people have the highest privileges - and they may not even work for your organisation. Osirium readdresses this balance for end-user organisations and uniquely allows MSSPs to manage tens of thousands of account credentials, outsource safely and keep their clients happy on the compliance front.
Several senior Fannie executives let go. August 27, 2026 Fannie Mae has reportedly fired 10 senior executives, including senior vice presidents Mark Palim and Devang Doshi. Get free imfnews updates! The latest mortgage news via email. News tailored to your needs. Get focused coverage. Inside Mortgage Finance's newsletters break the mortgage market down so you get the news and data you need most, whether it's total industry coverage or just the news related to securitization, regulation, profits or other specific topics.
Latest round of Fannie Mae senior staff layoffs has multifamily sector anxious. Multifamily lenders that work with Fannie Mae are reportedly worried about business continuity after the government-sponsored enterprise eliminated roughly a dozen staff last week. The staffing reductions included executives who dealt with multifamily loans and low-income housing tax credit investments, along with finance, regulatory and communications officials, The Wall Street Journal reported Friday. News of the departures has rattled some executives across the mortgage industry who worry they could impact Fannie Mae's ability to provide price stability in the mortgage market, the WSJ reported. Fannie Mae is overseen by the Federal Housing Finance Agency, which is led by Bill Pulte, a longtime ally and booster of President Donald Trump who has worked to put his stamp on the GSEs, including Freddie Mac. A person familiar with the staffing moves said they were related to new technology solutions and increased efficiency inside the agency. "These positions have been planned to be transitioned out as part of redundant efforts as part of ongoing efficiencies," the person said. "We have no concerns about continuity of operations." The FHFA declined a request for comment on the layoffs. Some of the officials who were let go were notified Wednesday that their positions had been eliminated. "Technology is improving and providing opportunities for us to remove unnecessary processes and unfortunately at times personnel," Pulte posted to X after the WSJ story first published. Senior staff turnover has been high since Pulte took the helm at the FHFA. Less than a week after the Senate confirmed Pulte to the post, eight Fannie Mae board members left and were replaced by four Pulte appointees, with six departing Freddie Mac and being replaced by three new appointees. Pulte made himself chair of both boards in a move that Politico described at the time as highly unusual. One of those board members, an ally of Elon Musk and engineer at SpaceX named Christopher Stanley, resigned after less than two days on the job. Fannie Mae also swapped CEOs in October, when Priscilla Almodovar, who had been in the role since 2022, resigned and was replaced by then-Chief Operating Officer Peter Akwaboah. The senior staffing shake-ups have disproportionately affected women, who went from holding two-thirds of senior roles to less than half. In April, Pulte also ousted more than 100 staffers he accused of engaging in unethical conduct, most of whom were of Indian descent. In October, roughly a dozen of Fannie Mae's ethics staffers were fired without explanation. A group of 41 of employees ousted in April is suing the agency's CEO and the FHFA for defamation, alleging the employees were being improperly smeared.
Fannie Mae has reportedly cut at least 10 senior employees this week, including top leaders, according to The Wall Street Journal. Several officials were told on Wednesday their positions had been eliminated. The senior departures have raised industry concerns that Fannie Mae's ability to maintain stability in mortgage prices and market activity could be weakened. Fannie Mae and Freddie Mac support the mortgage market by purchasing mortgages, packaging them for investors, and guaranteeing payments if borrowers default. The cuts come as Federal Housing Finance Agency director Bill Pulte pursues rapid changes at both government-sponsored enterprises. Pulte has removed directors and senior leaders, appointed himself chairman of both boards, and pushed for the companies to become publicly traded.