Company Description

At Fannie Mae, futures are made. The inspiring work we do helps make a home a possibility for millions of homeowners and renters. Every day offers compelling opportunities to impact the future of the housing industry while being part of an inclusive team thriving in an energizing, flexible environment. Here, you will grow your career and help create access to fair, affordable housing finance.
 

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 propertiesExpertise 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 equivalentComprehensive knowledge of commercial mortgage Multifamily underwriting including property financial analysis, borrower credit, third party reports, and market analysesKnowledge of DUS/GSE underwriting guidelinesDemonstrated ability to work in a fast paced, results driven environmentDemonstrated ability to balance the demands of multiple client requests at any given timeKnowledge of other federal, state, and local Affordable housing programsProficiency in financial analysis and modelingExcellent analytical, problem-solving, and decision-making abilitiesAbility to manage multiple tasks and deadlinesMultifamily Affordable property valuation – knowledge of valuation methods and how they apply uniquely to Affordable housingLoan Structuring – understand complex financing and multiple layers of debt and equityGovernance and Compliance experience including creating policies, evaluating compliance, developing data governance, preferredSkilled in Excel (intermediate or advanced); Sales Force

Additional Information

Multifamily Risk - Underwriting - Advisor

The future is what you make it to be. Discover compelling opportunities at careers.fanniemae.com.

Fannie Mae is a flexible hybrid company. We embrace flexibility for our employees to work where they choose, while also providing office space for in-person work if desired. At times, while business need may call for on-site collaboration, which means proximity within a reasonable commute to your designated office location is preferred unless job is noted as open to remote.

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 [email protected].

 

The hiring range for this role is set forth on each of our job postings located on Fannie Mae's Career Site. Final salaries will generally vary within that range based on factors that include but are not limited to, skill set, depth of experience, certifications, and other relevant qualifications. This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program). As part of our comprehensive benefits package, Fannie Mae offers a broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee’s physical, mental, emotional, and financial well-being. See more here.