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 colleague on our team, you will contribute to the credit review and underwriting of MAH loans. Other responsibilities include managing communications and/or negotiations between Fannie Mae and clients regarding loans.
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THE IMPACT YOU WILL MAKE
The Multifamily Affordable Underwriting and Credit Lead 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:
- Contribute to the team in gathering information on potential risks and costs involved with providing services to a customer.
- Analyze the risks and costs and determine an appropriate lending decision, as well as create documentation of the negotiated decision.
- Recommend and/or Approve issuance of the securities or other financial loans to the customer.
- Underwriting and structuring loans for multifamily housing transactions, primarily funded with Low Income Housing Tax Credits (LIHTC) and Section 8 HAP.
Qualifications
THE EXPERIENCE YOU BRING TO THE TEAM
Minimum Required Experience
- 4 years of relevant experience
Desired Experience
- Bachelor's degree or equivalent
- Working knowledge or the desire to learn the nuances of affordable housing programs such as LIHTC, RAD; Section 8 HAP; Tax-exempt bond; Public Housing; and HOME programs
- Ability to identify and mitigate risk within complex layers of affordable housing lending products
- Ability to underwriting and structuring loans for multifamily affordable housing investments
- Knowledge of the multifamily real estate industry
- Credit, property, and financial analysis skills
- Experience with evaluation of borrower/organizational structures
- Risk assessment, risk mitigation and relationship management skills
- Ability to collaborate with team members and key strategic partners
- Experience evaluating loan applications, financial profiles, and credit history
- Experience evaluating businesses, projects, budgets, and other financial entities or instruments to determine viability, stability, and performance
- Adept at managing project plans, resources, and people to ensure successful project completion.
- Managing internal and/or external stakeholders
- Skilled in Excel
Additional Information
Multifamily Risk - Underwriting - Lead Associate
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.