Banking and Commercial FinanceRemote
Agency Affordable Underwriter
A top-ranked national affordable housing lender is seeking an Underwriter or Senior Underwriter to join its underwriting Team. Fannie MAH, Freddie TAH, bridge loans, and a range of complex affordable transactions including LIHTC, tax-exempt bonds, RAD, Section 8, and mark-to-market deals.
Senior Underwriters own deals end-to-end — from application through close and delivery — working directly with institutional borrowers and a highly collaborative structuring and production team. The group is a tight-knit, tenured team known for mentorship, high ethical standards, and a culture of promoting from within.
**GSE Multifamily Affordable Experience REQUIRED please**
Core Responsibilities
Underwrite Complex Transactions
Risk Identification and Mitigation
Model Ownership and Accuracy
Final Package Review
Deal Management
Platform Leadership
Ideal Candidate
Senior Underwriters own deals end-to-end — from application through close and delivery — working directly with institutional borrowers and a highly collaborative structuring and production team. The group is a tight-knit, tenured team known for mentorship, high ethical standards, and a culture of promoting from within.
**GSE Multifamily Affordable Experience REQUIRED please**
Core Responsibilities
Underwrite Complex Transactions
- Execute all aspects of the underwriting process
- Prepare high-quality credit narratives demonstrating clear understanding of deal dynamics and risk
- Evaluate sponsor motivations, track record, and business plan; borrower structures and obligations; key principal financials; collateral history; and alignment between underwritten NCF and market reality
Risk Identification and Mitigation
- Evaluate complex borrower structures and articulate risk trade-offs
- Identify credit, structural, or documentation issues early and present solutions
Model Ownership and Accuracy
- Ensure model accuracy and compliance with Agency and internal guidelines
- Establish NCF assumptions with supportable rationale
Final Package Review
- Serve as final reviewer of narrative, model, and closing documents
- Ensure full compliance with Agency policies and timely delivery
Deal Management
- Lead deal team calls, managing timelines and borrower/producer expectations
- Proactively communicate deal status with full transparency
- Anticipate and solve problems creatively
Platform Leadership
- Mentor and develop analysts, senior analysts, and processors
- Identify inefficiencies and champion operational improvements
- Remain current with Agency guidelines, policy updates, and credit trends
Ideal Candidate
- Meaningful experience underwriting Fannie Mae and/or Freddie Mac affordable housing transactions
- Strong command of LIHTC, tax-exempt bond, RAD, Section 8, and/or mark-to-market deal structures
- Demonstrated ability to own complex transactions independently
- Excellent written and analytical skills; strong credit judgment
- Collaborative team player with a track record of mentorship and platform contribution
Recruiting Team
Reach out to learn more or nominate a qualified candidate.
