Multifamily Underwriting Analyst - Senior Associate

Fannie Mae; United States; On-site; USD 85,000 - 110,000; Full time

Job summary

Fannie Mae in the United States is seeking a multifamily credit underwriter to contribute to underwriting and loan sizing decisions. You will review lender loan packages, assess risks, and help determine appropriate debt financing within risk tolerances.

In this role you will collaborate with internal and external partners, document decisions, and advance your underwriting skills across diverse property types, leveraging advanced Excel analysis.

Qualifications

• 2 years of multifamily credit underwriting experience.
• Strong working knowledge of credit and financial analysis relating to multifamily properties.
• Ability and willingness to work in a fast-paced, results-driven environment.
• Solid written and verbal communication skills.
• Must be a team-player and self-starter when needed.
• Curiosity and adaptability to learn new techniques, including AI, to reimagine how we work.

Responsibilities

• Review lender loan packages and assist in underwriting multifamily loans prior to acquisition.
• Assess strengths, risks, and mitigants to determine loan sizing parameters.
• Size debt financing with internal and external partners within risk tolerances.
• Recommend lending decisions and document negotiated decisions.
• Approve issuance of securities or other financial loans to customers.
• Grow underwriting skills by collaborating with colleagues on diverse multifamily deals.

Skills

Strong written and verbal comms

Credit analysis

Financial analysis

Team player

Adaptability to AI tools

Education

Bachelor's degree

Tools

Excel

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 colleague on our team, you will contribute to managing communications and/or negotiations between Fannie Mae and clients regarding loans and other investments.

The Impact You Will Make

• Review Lender loan packages and assist in underwriting multifamily loans prior to their acquisition.
• Gather and assess the strengths, risks, and mitigants of each loan to determine the supportable loan sizing parameters.
• Work with internal and external partners to size debt financing within acceptable risk tolerances based on the market, sponsor, property performance, and other risk characteristics while adhering to internal risk tolerances and guidance.
• Recommend an appropriate lending decision and provide documentation of the negotiated decision.
• Approve issuance of the securities or other financial loans to the customer.
• Enhance your current multifamily underwriting skills by leveraging the experience of coworkers while working through diverse and challenging multifamily deals across various property types.

The Experience You Bring to the Team

Minimum Required Experience

• 2 years of multifamily credit underwriting experience
• Strong working knowledge of credit and financial analysis skills relating to multifamily properties
• Ability and willingness to work in a fast-paced, results driven environment
• Solid written and verbal communication skills
• Must be a team-player, but also be willing to also be a self-starter, when needed
• 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
• Knowledge of DUS/GSE multifamily underwriting guidelines
• Familiarity with a range of multifamily property types
• Developing risk assessment/mitigation abilities
• Strong relationship management skills
• Ability to understand and evaluate borrower/organizational structures
• Advanced Excel analysis and/or modeling skills

Hybrid Qualifications Education

• Bachelor's Level Degree (Required)

Requisition compensation: 85000 to 110000

The hiring range for this role is set forth below. 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.

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.

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

The future is what you make it to be. Discover compelling opportunities at Fanniemae.com/careers. 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.

Tackle America’s biggest housing challenges using the latest technology and AI, while collaborating with experts in their fields. Join our energizing environment. 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.