Senior Multifamily Risk Underwriter & Advisory Lead

Fannie Mae; Washington (District of Columbia); Hybrid; USD 141,000 - 184,000; Full time

Job summary

Fannie Mae is seeking a Multifamily Risk Underwriter - Advisor to independently manage complex multifamily loan transactions from quotation and underwriting through credit recommendation. You will guide risk assessment, oversee forensic reviews, and partner with lenders to ensure sound credit decisions that align with underwriting guidelines.

The role emphasizes end-to-end underwriting, collaboration with cross-functional teams, and mentoring on best practices.

Qualifications

• 6+ years of multifamily CRE underwriting, full-cycle underwriting of complex loans.
• Experience with multifamily agency lending (Fannie Mae, Freddie Mac, FHA, CMBS, or bank portfolios).
• Independently manage loan transactions from underwriting to closing support.
• Analyze borrower financials, property operations, market conditions, and third-party reports.
• Strong understanding of multifamily lending principles, credit analysis, and risk assessment.
• Forensic underwriting experience is a plus.
• Experience evaluating DSCR, LTV, debt yield, and leverage.
• Advanced Excel skills; ability to present complex analyses to stakeholders.

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 docs to determine creditworthiness and ensure guideline compliance.
• Perform forensic underwriting reviews to identify deficiencies, fraud indicators, valuation concerns, or sponsor risks.
• Analyze borrower financials, operating performance, rent rolls, appraisals, and third-party reports.
• Identify credit risk trends and propose mitigation strategies to improve underwriting quality.
• Collaborate with Credit, Legal, Risk, and Asset Management to resolve issues and enable sound lending decisions.
• Present analyses and recommendations to credit decision-makers and senior leadership.
• Suggest enhancements to underwriting standards, processes, and QA practices.
• Serve as SME and mentor on high-risk underwriting scenarios.

Skills

Financial modeling

Analytical skills

Credit analysis

Communication

Risk assessment

Underwriting

Travel

Education

Bachelor’s degree or equivalent experience

Tools

Microsoft Excel

Job description

Fannie Mae is seeking a Multifamily Risk Underwriter - Advisor to independently manage complex multifamily loan transactions from quotation and underwriting through credit recommendation. You will guide risk assessment, oversee forensic reviews, and partner with lenders to ensure sound credit decisions that align with underwriting guidelines.

The role emphasizes end-to-end underwriting, collaboration with cross-functional teams, and mentoring on best practices.