Underwriter - FHA Multifamily

Responsibilities

• Critically review all underwriting components – including narratives, mortgage credit, third-party report conclusions, financial and property information – to ensure program compliance and acceptable risk to HUD and Berkadia.
• Oversee the underwriting process, collaborating with the underwriting team. Guide and coach the underwriting team through all stages of the loan process, offering direction and actionable feedback.
• Manage project timelines and coordinate with stakeholders, as needed throughout underwriting process to ensure project milestones and deadlines are met.
• Delegate and review underwriting narratives and financial analyses, ensuring quality control. Collaborate with underwriting team to identify risks, provide a thorough description, develop suitable mitigants and conclusions.
• Evaluate market competitiveness and economic feasibility of proposed collateral and projected income streams.
• Present underwriting recommendations and supporting documentation to approval committee.
• Maintain effective communication with HUD, the underwriting team, clients and other stakeholders, including addressing challenging topics as needed.
• Oversee multiple loan transactions simultaneously, tracking progress, assigning tasks, and meeting project deadlines.
• Other duties as assigned.

Preferred Qualifications

• Proven experience in affordable housing including LIHTC, Section 8, etc.
• Excellent organizational, analytic and quantitative skills, detail oriented and possess a high level of initiative.
• Knowledge of cash flow analysis and exposure to commercial real estate preferred.
• Advanced technical proficiency with MS Office (especially Excel), prior experience with Salesforce preferred.
• Solid communication skills, both written and verbal.
• Ability to interface with team members, work independently and in a team environment.
• Ability to adapt to a rapidly changing environment.
• Bachelor's Degree or Equivalent
• 3+ years of experience in a similar position

Benefits

• Monthly paid volunteer hours and donation