Vice President, Lead Commercial Real Estate Underwriter

Wells Fargo•McLean, VA

2d•$153,000 - $260,000•Onsite

About The Position

Wells Fargo is seeking a Vice President, Lead Commercial Real Estate Underwriter within Multifamily & Community Capital (MCC). In coordination with relationship management and closing teams, this professional will underwrite the largest and most complex affordable housing loan requests. The role requires detailed knowledge of Freddie Mac and Fannie Mae multifamily underwriting guidelines, particularly affordable housing programs, and close collaboration with MCC, Wells Fargo’s Commercial Real Estate business, GSE partners, loan closing teams, and construction monitoring teams. The position also serves as a team leader and industry expert, sharing expertise and best practices with more junior colleagues. The role is subject to FINRA background screening and ongoing regulatory obligations. Candidates must be able to travel as needed, work additional hours as needed, and work on-site in accordance with current office requirements. Visa sponsorship is not available. Compensation is a base pay range of $153,000 to $260,000, with possible incentive opportunities.

Requirements

5+ years of commercial real estate underwriting experience, or equivalent demonstrated through work experience, training, military experience, education, or a combination of these.
Ability to travel as needed.
Ability to work additional hours as needed.
Willingness to work on-site in accordance with current office requirements.
Successfully complete and pass a background check prior to hire and meet ongoing regulatory obligations.

Nice To Haves

5+ years of experience underwriting multifamily transactions.
5+ years of experience with Fannie Mae and Freddie Mac multifamily affordable loans.
Experience with tax credit equity or construction loan debt products.
Experience performing property inspections.
Experience analyzing the credit of tenants and borrowers.
Experience reviewing third-party reports, including appraisals, Phase I and II environmental reports, and engineering reports.
Leadership experience.
Strong analytical skills with high attention to detail and accuracy.
Excellent verbal, written, and interpersonal communication skills.
Ability to work effectively both independently and in a team environment.
A BS/BA degree or higher.

Responsibilities

Maintain comprehensive knowledge of Freddie Mac and Fannie Mae multifamily underwriting guidelines and requirements, with a focus on affordable housing programs.
Build and maintain relationships with partners across Multifamily & Community Capital, Wells Fargo Commercial Real Estate, and GSE partners.
Perform property inspections.
Analyze the credit of tenants and borrowers.
Coordinate with the loan closing team throughout the negotiation process.
Make credit recommendations for prospective loans.
Serve as a team leader and industry expert, sharing best practices and expertise with more junior team members.
Review third-party reports, including appraisals, Phase I and II environmental reports, and engineering reports.
Work closely with Multifamily & Community Capital on transactions.
Work closely with the Wells Fargo Construction Monitoring team to process and close rehabilitation and new-construction loans.
Collaborate and consult with Commercial Real Estate Underwriting peers, colleagues, and mid-level to more experienced managers to resolve issues and achieve goals.