About the position
The Senior Underwriter - Fannie Mae is responsible for analyzing and underwriting complex commercial real estate loan applications across a diverse range of assets. Additionally, the Senior Underwriter collaborates to establish operational processes that ensure efficient and timely execution of these transactions.
Responsibilities
- Provide training and mentoring to underwriters, analysts, processors, and other team members as needed.
- Collaborate with the Deputy Chief Underwriter to ensure compliance with the company's underwriting policies and procedures.
- Critically review borrower credit information, third-party reports, and property financial and physical data to assess whether the borrower and property meet program requirements.
- Draft and finalize the underwriting submission package, detailing the transaction’s strengths and weaknesses, discussing risks and mitigants, and requesting any necessary waivers.
- Offer support and guidance during the closing process to ensure alignment with the major credit terms of the transaction.
- Stay updated on programs, policies, and legislation, including participating in regular training with Fannie Mae and other funding providers.
- Engage in process improvements and technological enhancements to facilitate smooth deal execution.
- Other duties as assigned.
Requirements
- Demonstrate comprehensive knowledge of products, guidelines, policies, and procedures.
- Exhibit exceptional credit judgment and decision-making skills, with proven technical expertise in underwriting, structuring, and closing complex transactions.
- Requires the ability to work independently with strong project management skills, excellent accuracy and attention to detail, and adaptability to industry changes.
- Proficient in Microsoft Office Suite.
- 5-7+ years of relevant experience required.
- Bachelor's degree or equivalent.
Nice-to-haves
- Additional experience in MAH, Student Housing, MHC and Credit Facility a plus.
Benefits
- 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.
- Generous tuition reimbursement.
- Pet insurance discounts.
