Multifamily Underwriter - Principal

Fannie Mae • Washington, DC

1d • $175,000 - $239,000 • Hybrid

About The Position

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.
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
The Multifamily Underwriting - Principal role will offer you the flexibility to make each day your own, while working alongside people who care so that you can deliver on the following responsibilities:

Requirements

• 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
• Review Process, Underwriting, Underwriting Risk

Nice To Haves

• 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.

Benefits

• Comprehensive benefits package
• Broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee's physical, mental, emotional, and financial well-being
• Eligible to participate in a Fannie Mae incentive program

What This Job Offers

• Job Type: Full-time
• Career Level: Principal