Multi-Family Underwriter II

Jimmy Jazz; Anchorage (AK); On-site; USD 64,000 - 78,000; Full time

Benefits offered by this job

Health Plan

EAP/Wellness

Life Insurance

Education Reimbursement

Paid Holidays

Job summary

AHFC in Anchorage seeks a Multi-Family Underwriter II to handle complex or non-routine underwriting within the Mortgage Operations Department. You will independently underwrite multi-family loans, analyze credit, income, collateral, and legal documents, and maintain MITAS and MURF records.

This non-exempt, non-supervisory role reports to the Multi-Family Lending Manager, offering technical guidance to staff and contributing to program development.

Qualifications

• Bachelor's degree in business, finance, banking, economics, real estate, or closely related field.
• Five or more years of progressively responsible mortgage, commercial real estate, or multi-family lending experience; underwriting/credit analysis responsibility.

Responsibilities

• Underwrite complex, non-routine multi-family loan requests and recommend action.
• Review credit, income, collateral, and legal documentation; ensure accurate MITAS data.
• Enter, review, and maintain underwriting records in MURF; support program guidelines.
• Provide technical guidance and mentoring to underwriting staff; assist management with special projects.

Skills

Complex underwriting analysis

Independent judgment

Credit analysis

Education

Bachelor's degree in business/finance/real estate

Tools

MITAS

MURF

Microsoft Office

Adobe Acrobat

Job description

• Location 4300 BONIFACE PARKWAY,Anchorage, AK, 99504-4387,United States
• Base Pay $71,189.52 / Year
• Employee Type Fulltime Nonexempt

Position Summary:

This non-exempt, non-supervisory position serves as the advanced technical level underwriter within Multi-Family. The position independently underwrites complex or non-routine multi-family transactions; analyzes credit, property, income, collateral, and legal documentation; and recommends action on loan requests. The position provides technical assistance to other underwriting staff and regularly uses MITAS, the Corporation's official loan information system, and MURF (Multi-Family Underwriter Review Findings), the working underwriting repository used to document reviews and retain underwriting records.

Reports to: MULTI-FAMILY LENDING MANAGER or DESIGNEE

OVERVIEW

Within the Mortgage Operations Department, the Multi-Family Underwriter II serves as the advanced technical underwriting classification and performs complex or non-routine underwriting assignments with limited supervision. The position exercises substantial independent judgment in applying AHFC requirements, serves as a technical resource to other underwriting staff, and may assist management with special projects, program development, and complex underwriting matters. The position is expected to ensure accurate, complete, and timely loan information in MITAS and to maintain underwriting documentation in MURF in accordance with established file structures and records-retention requirements.

EXAMPLES OF DUTIES

Under the Multi-Family Loan Purchase Program, reviews loan submission requests, including credit, income, collateral, and appraisal analysis. Analyzes the loan request and recommends acceptance or denial based on established AHFC criteria. Meticulously evaluates file submissions.

Under Direct Lending programs, processes and underwrites multi-family, congregate, special needs, senior housing, and condominium association loan applications from receipt of the application through closing. Reviews applicable financial, credit, property, legal, and collateral documentation and recommends action based on established AHFC criteria. Performs high level attention to detail. Enters, reviews, and maintains loan information in MITAS, ensuring information is accurate, complete, and consistent with approved loan terms and supporting documentation. Routinely reconciles entries to assure accuracy.

Uses MURF as the working platform for underwriting reviews; uploads, organizes, and maintains underwriting documentation in accordance with established file structures, naming conventions, and records-retention requirements so that the underwriting record remains complete and accessible. Maintains complete accuracy within the database.

Prepares underwriting recommendations, reports, correspondence, and supporting analyses. Responds to inquiries from lenders, borrowers, housing providers, and other stakeholders regarding AHFC multi-family lending programs and underwriting requirements. May present underwriting recommendations to Department or Executive Loan Committees, as assigned. Provides information and technical assistance to lenders and other stakeholders regarding program eligibility, application procedures, documentation requirements, and underwriting criteria. Underwrites complex, non-routine, or higher-risk transactions and identifies issues requiring policy interpretation, additional analysis, or management review. Assures management is fully informed of findings. Provides technical guidance and mentoring to underwriting staff regarding credit analysis, loan purchase underwriting, Direct Lending transactions, and application of AHFC underwriting criteria. Assists management with development and revision of underwriting procedures, program guides, seller/servicer communications, and multi-family lending programs.

May assist the Multi-Family Lending Manager with special projects, quality-control reviews, or complex underwriting matters; does not exercise supervisory authority. Provides lender or staff training regarding multi-family programs and underwriting requirements, as assigned. Performs other duties as required.

KNOWLEDGE, SKILLS AND ABILITIES

Knowledge of:

Comprehensive multi-family lending principles, including complex credit and income analysis, comprehensive appraisal review, engineering reports, purchase underwriting, property values and market trends; AHFC statutes, regulations, program requirements, policies, and procedures; secondary-market and public-sector lending requirements; and records-management practices.

Skills and Abilities:

Independently analyzing complex financial, credit, property, and underwriting information; identifying and collaboratively resolving complex underwriting issues; drawing and clearly communicating sound conclusions; preparing concise and well written recommendations; providing technical guidance and mentoring; managing multiple complex assignments with competing deadlines; applying AHFC criteria consistently; maintaining accurate electronic loan records; ensuring compliance with established file structures and documentation standards; and using Microsoft Office Suite, MITAS, Adobe Acrobat, and MURF.

MINIMUM QUALIFICATIONS

A bachelor's degree from an accredited college in business, finance, banking, economics, real estate, or a closely related field and five or more years of progressively responsible mortgage, commercial real estate, or multi-family lending experience. Relevant experience may include credit analysis, loan processing, underwriting, closing, servicing, auditing, or other directly related lending functions. Experience must include substantial responsibility for underwriting or credit analysis and recommending action on real estate loans, including complex or non-routine transactions.

Substitution: Appropriate directly related work experience may be substituted for the required education on a year-for-year basis.

Excellent benefits package.

Insurance Benefits

• Health Plan – Medical, Vision, Prescription, and Dental
• Employee Assistance Program/Wellness
• Life Insurance – Basic Life and AD&D

Optional Insurance Benefits

• Group-based insurance premiums - Optional life, Long-term, and short-term disability
• Voluntary Accident, Hospital, and Critical Illness
• Flexible spending accounts for tax savings on eligible health care of dependent care expenses
• Membership in the Public Employees Retirement System (PERS), Employee and Employer contribution
• Option to enroll in AHFC Deferred Compensation Program

Paid Leave & Other Benefits

• Personal Leave with an accrual rate increase based on time served
• Twelve paid holidays a year
• Education Reimbursement

All external applicants tentatively selected for this position shall be required to submit to urinalysis and breath alcohol testing to screen for illegal drug/alcohol use.

AHFC provides employment opportunities to low and very-low-income persons, in compliance with Section 3 of the HUD Act of 1968. Public Housing Residents are encouraged to apply.