Senior Underwriter - Affordable

Are you looking for an opportunity to define your future in the commercial real estate industry based on your own unique skills and experience?

Whether your talents lie in marketing, operations, finance, human resources, management, or something different altogether, you’ll find flexibility and a sense of belonging at Berkadia. We’re committed to a culture that strives for excellence – a place where your contributions are valued, you are empowered to create positive impact, and you can grow your career. Be Your Best Self. Be Berkadia. 

We Innovate to shape the future of CRE, so in this role you will:

• Underwrite complex new LIHTC Freddie Mac TEL and Fannie Mae MTEB transactions.
• Provide training and mentoring internally to other underwriters, analysts, processors, and other team members as needed.
• Work with the Deputy Chief Underwriter to ensure adherence to the Company’s policies and procedures associated with its underwriting standards.
• Critically review borrower credit information, third party reports, property financial and physical information to determine whether the borrower and property meet program requirements.
• Draft and finalize the underwriting submittal package, which includes describing the transaction’s strengths and weaknesses, discussing risks and mitigants, and requesting any associated waivers.
• Provide necessary support and direction during the closing process to assure conformity with the major credit terms of the transaction.
• Remain current on programs, policies, and legislation, including participation in regular training with Freddie Mac, Fannie Mae, and other funding providers.
• Participate in process improvements and technological enhancements that facilitate smooth deal execution.
• Other duties as assigned.

We are passionate about your growth, so to achieve success in this role you should have: 

• Have advanced affordable housing underwriting experience, specifically with Fannie Mae MTEB and Freddie Mac TEL products.
• Possess thorough knowledge of products, guidelines, policies, and procedures.
• Exceptional credit sense, judgment, and decision-making skills, with demonstrable technical skills in underwriting, structuring, and closing complex deals.
• Requires an independent worker with strong project management skills, excellent accuracy and attention to details, and an ability to adjust to industry changes.
• Must be proficient in MS Office Suite.

We believe People Matter, so we offer benefits that go beyond:

• 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:  
• We'll help you fund your learning journey with generous tuition reimbursement 
• Pet insurance discounts 
• And more! 

Be Your Best Self. Be Berkadia. 

#LI-VB1

#LI-Remote

•

Last updated on Aug 23, 2024