Multifamily Underwriter - Principal

Fannie Mae; United States; On-site; USD 175,000 - 239,000; Full time

Benefits offered by this job

Health benefits

Incentive program

Career development

Job summary

Fannie Mae in the United States seeks an experienced professional for Multifamily Risk - Underwriting - Principal to drive underwriting reviews and risk assessment for complex multifamily loans. You will lead initiatives, collaborate across teams, and enhance processes while working with senior leadership.

The role requires deep knowledge of DUS underwriting standards, strong stakeholder management, and adaptability to new techniques including AI.

Qualifications

• Minimum Required Experience: 8 years of relevant experience
• Proficiency in industry and GSE Multifamily Underwriting practices
• Expert in identifying the strengths, risks, and mitigants relating to Multifamily loans
• Demonstrated relationship and project management skills, with a proven ability to engage effectively with internal and external stakeholders
• Experience with various Multifamily property types
• Specialized expert knowledge in at least one area of Multifamily loan underwriting
• Demonstrates curiosity and adaptability by learning and responsibly applying new techniques, including artificial intelligence, to reimagine how we work
• Desired Experience: Bachelor’s degree or equivalent
• Experience in Fannie Mae DUS underwriting standards, products, and tolerances.
• Demonstrated strategic thinking abilities, strong relationship management skills, and an ability to offer effective solutions to complicated issues
• Ability to lead the planning, execution, and related training for complex solutions
• Strong written, verbal, and presentation skills for communicating complicated transactions to senior leadership, internal stakeholders, and external partners
• Adept at delivering clear and concise presentations tailored to diverse stakeholder audiences
• Advanced business writing skills

Responsibilities

• Review Lender loan underwriting packages and set the loan terms for Multifamily loans prior to their acquisition.
• Calibrate with your team on underwriting Multifamily deals and reviewing the issuance of securities to customers.
• Gather and assess the strengths, risks, and mitigants of each loan to determine the supportable loan sizing parameters while maintaining credit risk standards and adhering to guidance limitations.
• Confer with management on potential risks and costs involved with providing services to a customer.
• Review and recommend changes to the review process to determine lending decisions.
• Recommend changes to process related to issuance of securities or other financial loans to the customer.
• Serve in a team leadership role and use your skills to identify current, emerging, and potential risks within the execution.
• Work closely with the regional Senior Director to enhance the credit team’s execution of loan underwriting reviews.
• Help identify execution enhancements within the credit team and lead the implementation of changes by engaging with all relevant stakeholders.
• Develop a subject matter expertise in multiple credit-related areas and lead special initiatives across the front-end of the business.

Skills

8+ years exp

Multifamily underwriting

Stakeholder mgmt

Written comms

AI in practice

Education

Bachelor's degree

Job description

Playing an essential role in the U.S. economy, Fannie Mae is foundational to housing finance. Here, your expertise can help fuel purpose-driven innovation that expands access to homeownership and affordable rental housing across the country. Join Fannie Mae to grow your career and help people find a place to call home.

Job Description

As a valued contributor to our team, you will consult with team members and management on managing communications and/or negotiations between Fannie Mae and clients regarding loans and other investments.

The Impact You Will Make

• Review Lender loan underwriting packages and set the loan terms for Multifamily loans prior to their acquisition.
• Calibrate with your team on underwriting Multifamily deals and reviewing the issuance of securities to customers.
• Gather and assess the strengths, risks, and mitigants of each loan to determine the supportable loan sizing parameters while maintaining credit risk standards and adhering to guidance limitations.
• Confer with management on potential risks and costs involved with providing services to a customer.
• Review and recommend changes to the review process to determine lending decisions.
• Recommend changes to process related to issuance of securities or other financial loans to the customer.
• Serve in a team leadership role and use your skills to identify current, emerging, and potential risks within the execution.
• Work closely with the regional Senior Director to enhance the credit team’s execution of loan underwriting reviews.
• Help identify execution enhancements within the credit team and lead the implementation of changes by engaging with all relevant stakeholders.
• Develop a subject matter expertise in multiple credit-related areas and lead special initiatives across the front-end of the business.

Experience You Bring to the Team

• Minimum Required Experience: 8 years of relevant experience
• Proficiency in industry and GSE Multifamily Underwriting practices
• Expert in identifying the strengths, risks, and mitigants relating to Multifamily loans
• Demonstrated relationship and project management skills, with a proven ability to engage effectively with internal and external stakeholders
• Experience with various Multifamily property types
• Specialized expert knowledge in at least one area of Multifamily loan underwriting
• Demonstrates curiosity and adaptability by learning and responsibly applying new techniques, including artificial intelligence, to reimagine how we work
• Desired Experience: Bachelor’s degree or equivalent
• Experience in Fannie Mae DUS underwriting standards, products, and tolerances.
• Demonstrated strategic thinking abilities, strong relationship management skills, and an ability to offer effective solutions to complicated issues
• Ability to lead the planning, execution, and related training for complex solutions
• Strong written, verbal, and presentation skills for communicating complicated transactions to senior leadership, internal stakeholders, and external partners
• Adept at delivering clear and concise presentations tailored to diverse stakeholder audiences
• Advanced business writing skills

Multifamily Risk - Underwriting - Principal #LI-NL1 - Hybrid Qualifications Review Process, Underwriting, Underwriting Risk Education: Bachelor's Level Degree (Required)

Location and Work Arrangement

For most roles, employees are expected to work onsite on a regular basis at their designated office location.

In-office work cadence is determined by your manager.

Proximity within a reasonable commute to your designated office location is preferred unless the job is noted as open to remote.

Equal Opportunity Statement

Fannie Mae is an equal opportunity employer and considers qualified applicants for employment without regard to race, color, religion, sex, national origin, disability, age, sexual orientation, gender identity/gender expression, marital or parental status, or any other protected factor.

Fannie Mae is committed to providing reasonable accommodations to qualified individuals with disabilities who are employees or applicants for employment, unless to do so would cause undue hardship to the company.

If you need assistance using our online system and/or you need a reasonable accommodation related to the hiring/application process, please complete this form.

Compensation

The hiring range for this role is set forth below.

Requisition compensation: 175000 to 239000

This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program).

Benefits

• 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.

About Us

As a Fortune 25 company, Fannie Mae expands access to housing across America.

Powered by the latest tech and AI, our innovative products and services drive the mortgage industry forward.

We believe that prioritizing our people’s growth and success is essential to achieving our business goals and fulfilling our purpose.