Multifamily Underwriter - Principal

Fannie Mae•Plano, TX

2d•$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.

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

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.