Senior Underwriter - Affordable Housing

Locations: Brentwood, TN; Chevy Chase, MD; Dallas, TX

Work Arrangement: Hybrid

About the Employer

Berkadia's mortgage banking platform is consistently ranked among Fannie Mae, Freddie Mac, and HUD's top lenders and is seamlessly integrated with investment sales and servicing platforms to provide superior client service. We innovate to shape the future of commercial real estate.

Role Summary

The Senior Underwriter 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.

What You'll Do

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 Freddie Mac, Fannie Mae, and other funding providers
Engage in process improvements and technological enhancements to facilitate smooth deal execution

Required Qualifications

Proven experience in affordable housing including LIHTC, Section 8, and similar programs
Comprehensive knowledge of products, guidelines, policies, and procedures
Exceptional credit judgment and decision-making skills, with proven technical expertise in underwriting, structuring, and closing complex transactions
Ability to work independently with strong project management skills
Excellent accuracy and attention to detail
Adaptability to industry changes
Proficiency in Microsoft Office Suite

Benefits

Monthly paid volunteer hours and donation matching, Employee Resource Groups, fertility and family planning services, up to 12 weeks of fully paid parental leave, mental health care including free counseling sessions, generous tuition reimbursement, and pet insurance discounts.

Equal Opportunity Statement

Berkadia is an equal opportunity employer committed to the full inclusion of all qualified individuals, without regard to race, religion, age, color, national origin, gender, sexual orientation, gender identity or expression, marital status, domestic partner status, military and veteran status, disability, pregnancy, parental status, genetic information, political affiliation, or any other status protected by federal, state, and local laws.

Berkadia jobs

Senior Underwriter