Underwriter

Description

• Support a culture of professionalism, collaboration, and continuous improvement within the underwriting team.
• Ensure compliance with all representations, warranties, and documentation standards at loan closing.
• Maintain thorough understanding of agency guidelines, affordable housing regulations, and company underwriting policies.
• Oversee preparation of borrower checklists and ensure timely receipt of required documentation.
• Select and manage third-party vendors (e.g., appraisers, engineers, environmental consultants).
• Prepare detailed analytical narratives and credit memoranda for submission to the Chief Underwriter and Loan Committee.
• Present findings and recommendations to the Loan Committee with clarity and confidence.
• Conduct comprehensive due diligence, including review of property markets, borrower financial capacity, and credit history.
• Establish underwriting timelines in coordination with the loan officer and closing coordinator.
• Collaborate effectively with internal teams, clients, and vendors to address challenges and maintain workflow efficiency.
• Conduct property and market inspections as needed (frequent business travel required).
• Manage analyst timecards, PTO, and workload prioritization, and participate in performance reviews.
• Lead the underwriting process for affordable multifamily transactions upon receipt of a borrower’s application and fee.
• Critically evaluate appraisals, engineering, environmental, and other reports for accuracy and risk implications, particularly within affordable housing contexts.
• Supervise and mentor an underwriting analyst, providing training and guidance on affordable housing credit analysis and underwriting best practices.

Requirements

• Direct underwriting experience with Fannie Mae and Freddie Mac affordable products preferred.
• Excellent written, verbal, and presentation skills, with the ability to communicate complex affordable housing structures clearly.
• Attendance is generally required from 8:30 am – 5:30 pm local time, Tuesday through Thursday, with the option to work remotely on Mondays and Fridays.
• In-depth knowledge of affordable housing programs, market dynamics, and compliance requirements.
• Demonstrates courtesy, respect, and thoughtfulness when teaming with colleagues and collaborating with stakeholders.
• Ability to show ownership of your work, embrace challenges and growth opportunities, and demonstrate patience when learning new processes.
• Collaborative, professional, and respectful in all interactions with colleagues, clients, and partners.
• Bachelor’s degree required.
• 3+ years of underwriting experience, with specific experience in affordable housing finance (LIHTC, Section 8, tax-exempt bonds, or similar programs) preferred.
• Proven ability to manage complex transactions and mentor junior staff.
• Demonstrated leadership and ability to manage multiple priorities in a fast-paced environment.
• Strong analytical and quantitative skills; able to make sound decisions with incomplete or nuanced data.
• Proactive and solution-oriented mindset with a drive for innovation and continuous improvement.

Benefits

• The opportunity to join one of Fortune Magazine’s Great Places to Work winners from 2015-2023
• Career development opportunities
• 401(k) + match
• Company-paid life, short and long-term disability insurance
• Health Savings Account and Healthcare and Dependent Care Flexible Spending
• Competitive dental and vision benefits
• A robust health and wellness program – earn cash rewards and gain access to resources that
• Pre-tax transit and commuting benefits
• Up to 83% subsidized medical payroll deductions
• Comprehensive benefit options* that have earned Walker & Dunlop the silver level of the 2022 Cigna Healthy Workforce Designation™, some of which include:
• Empowerment and encouragement to give back – volunteer hours and donation matching
• Paid maternity and parental leave, as well as other family paid leave programs

Training + Development

Interview process

Visa Sponsorship

Security clearance