Sr. Underwriter

Women's Affordable Housing Network; Tennessee; On-site; USD 150,000 - 180,000; Full time

Job summary

A leading housing organization in Tennessee is seeking an experienced professional to join its team as an Underwriter. The role involves ensuring compliance with GSE housing underwriting standards and mentoring team members. Ideal candidates will have significant underwriting experience with Fannie Mae and Freddie Mac products, excellent judgment, and strong project management skills. Benefits include generous parental leave, volunteer hours, and tuition reimbursement.

Benefits

Monthly paid volunteer hours

Tuition reimbursement

Mental health care including counseling

Qualifications

• Advanced experience with Fannie Mae MTEB and Freddie Mac TEL products required.
• Must have exceptional judgment and decision-making skills.
• Strong accuracy and attention to detail are essential.

Responsibilities

• Review debt application packages for GSE housing guidelines compliance.
• Draft and finalize underwriting submittal packages with transaction analysis.
• Provide necessary support during the closing process.

Skills

Advanced affordable housing underwriting experience

Thorough knowledge of products, guidelines, policies

Exceptional credit sense and judgment

Strong project management skills

Proficient in MS Office Suite

Job description

Are you looking for the opportunity to make an impact?

We’re seeking a dynamic and experienced professional to join our team, driving excellence in GSE housing underwriting standards. If you’re passionate about transforming the landscape of affordable housing and have a keen eye for detail, this role is your opportunity to make a significant impact. Be Backed by the Best. Be Berkadia.

We Innovate to shape the future of CRE, so in this role you will:

• Work with the DCUW to ensure adherence to the Company’s policies and procedures associated with its GSE housing underwriting standards.
• Review debt application packages for conformance to GSE housing guidelines. Determine whether loan sizing is consistent with program criteria.
• Critically review borrower credit information, third party reports, property financial and physical information to determine whether the borrower and property meet program requirements.
• Ensure accuracy and compliance with GSE Guides, required forms and third-party reports.
• Draft and finalize the underwriting submittal package, which includes describing the transaction’s strengths and weaknesses, discussing risks and mitigates, and requesting any associated waivers. This also includes the final review and approval of all related reports and documents connected with the transaction.
• Provide necessary support and direction during the closing process to assure conformity with the major credit terms of the transaction.
• Ensure the DCUW, originators and analysts remain informed of project specific progress and issues on a proactive basis, to facilitate the smooth execution of all transactions under application.
• Provide GSE housing program training and mentoring internally to analysts, other underwriters, analysts, GPO and other team members as needed.
• Remain current on GSE housing programs, policies, and legislation, including participation in regular training with Freddie Mac, Fannie Mae and other GSE housing funding providers.
• Participate in process improvements and technological initiatives that facilitate smooth deal execution, as needed.
• Other duties as assigned.

We Stand for Excellence, so to achieve success in this role you should have:

• Have advanced affordable housing underwriting experience, specifically with Fannie Mae MTEB and Freddie Mac TEL products.
• Possess thorough knowledge of products, guidelines, policies, and procedures.
• Exceptional credit sense, judgment, and decision-making skills, with demonstrable technical skills in underwriting, structuring, and closing complex deals.
• Requires an independent worker with strong project management skills, excellent accuracy and attention to details, and an ability to adjust to industry changes.
• Must be proficient in MS Office Suite.

We believe People Matter, so we offer benefits that go beyond:

• Monthly paid volunteer hours and donation matching to benefit our communities
• Employee Resource Groups that help you grow with us
• Fertility and family planning services
• Up to 12-weeks of fully paid parental leave
• Mental health care, including free counseling sessions:
• We’ll help you fund your learning journey with generous tuition reimbursement
• And more!

Be the Next Big Thing. Be Berkadia.

Salary Range: $150,000-$180,000

Email/link to where resume should go or job description