Senior Multifamily Risk Underwriter & Advisor

Fannie Mae; Washington; Hybrid; USD 141,000 - 184,000; Full time

Job summary

Fannie Mae in the United States is seeking a Multifamily Risk Underwriter – Advisor to independently manage complex multifamily loan transactions from quote through credit recommendation, applying expert risk assessment and forensic underwriting.

Collaborate with Credit, Legal, Risk, and Asset Management teams to resolve issues, present analyses to leadership, and mentor others in high-risk underwriting practices. This hybrid role offers growth in a mission-driven environment.

Qualifications

• 6+ years of multifamily commercial real estate underwriting experience.
• Experience with multifamily agency lending (Fannie Mae, Freddie Mac, FHA, CMBS, or bank portfolio lending).
• Experience independently managing loan transactions from underwriting through closing support.
• Experience analyzing borrower financials, property operations, market conditions, and third-party reports.

Responsibilities

• Lead end-to-end underwriting of complex multifamily mortgage transactions, including financial analysis, property valuation, market assessment, borrower analysis, and credit recommendation.
• Evaluate loan applications and supporting documentation to determine creditworthiness, identify key risks, and ensure compliance with underwriting guidelines and credit policies.
• Perform forensic underwriting reviews to identify deficiencies, potential fraud indicators, valuation concerns, and borrower or sponsor risks prior to loan acquisition.
• Analyze borrower financial statements, property operating performance, rent rolls, appraisals, engineering reports, environmental reports, and other third-party due diligence.
• Identify emerging credit risk trends and recommend strategies to mitigate enterprise risk and improve underwriting quality.
• Partner with internal stakeholders, including Credit, Customer Engagement, Legal, Asset Management, and Risk teams, to resolve complex underwriting issues and facilitate informed lending decisions.
• Present underwriting analyses and recommendations to credit decision-makers and senior leadership.
• Recommend enhancements to underwriting standards, processes, and quality assurance practices to improve consistency and efficiency.
• Serve as a subject matter expert and mentor by providing guidance on high-risk underwriting scenarios and best practices.

Skills

Full-cycle underwriting

Financial analysis

Credit assessment

Excel skills

Education

Bachelor’s degree or equivalent

Tools

Microsoft Excel

Job description

Fannie Mae in the United States is seeking a Multifamily Risk Underwriter – Advisor to independently manage complex multifamily loan transactions from quote through credit recommendation, applying expert risk assessment and forensic underwriting.

Collaborate with Credit, Legal, Risk, and Asset Management teams to resolve issues, present analyses to leadership, and mentor others in high-risk underwriting practices. This hybrid role offers growth in a mission-driven environment.