Multifamily Underwriting Analyst - Senior Associate
About The Position
As a valued colleague on Fannie Mae’s team, the Multifamily Underwriting Analyst contributes to managing communications and negotiations between Fannie Mae and clients regarding loans and other investments. The role reviews lender loan packages and assists with underwriting multifamily loans before acquisition, assessing loan strengths, risks, and mitigants to determine supportable loan sizing. The analyst collaborates with internal and external partners to size debt financing within acceptable risk tolerances, considering market, sponsor, property performance, and other risk characteristics while following internal guidance. The role recommends and documents lending decisions and approves issuance of securities or other financial loans to customers. It also offers opportunities to develop multifamily underwriting skills by working with colleagues on diverse deals across property types. The position is hybrid. Employees in most roles are expected to work onsite regularly at their designated office, with the cadence determined by their manager. A reasonable commute to the designated office is preferred unless the role is identified as remote. The hiring range is $85,000 to $110,000, and the position is eligible to participate in a Fannie Mae incentive program, subject to its terms. Fannie Mae offers a broad range of health, life, voluntary lifestyle, and other benefits and perks intended to support employee well-being.
Requirements
- At least 2 years of multifamily credit underwriting experience.
- Strong working knowledge of credit and financial analysis relating to multifamily properties.
- Ability and willingness to work in a fast-paced, results-driven environment.
- Solid written and verbal communication skills.
- Ability to work as a team player and as a self-starter when needed.
- Curiosity and adaptability, including learning and responsibly applying new techniques such as artificial intelligence.
- Bachelor’s degree or equivalent; a bachelor’s-level degree is listed as required.
Nice To Haves
- Knowledge of DUS/GSE multifamily underwriting guidelines.
- Familiarity with a range of multifamily property types.
- Developing risk assessment and mitigation abilities.
- Strong relationship management skills.
- Ability to understand and evaluate borrower and organizational structures.
- Advanced Excel analysis and/or modeling skills.
Responsibilities
- Review lender loan packages and assist in underwriting multifamily loans before acquisition.
- Assess the strengths, risks, and mitigants of each loan to determine supportable loan sizing parameters.
- Work with internal and external partners to size debt financing within acceptable risk tolerances, considering the market, sponsor, property performance, and other risk characteristics and following internal guidance.
- Recommend an appropriate lending decision and document the negotiated decision.
- Approve issuance of securities or other financial loans to customers.
- Develop multifamily underwriting skills by working with coworkers on diverse deals across various property types.
Benefits
- Broad range of health, life, voluntary lifestyle, and other benefits and perks supporting physical, mental, emotional, and financial well-being.
- Eligible to participate in a Fannie Mae incentive program, subject to program terms.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
