Merchants Capital, a leading financing provider for multifamily housing nationwide, is seeking a Senior GSE Affordable Underwriter to join our dynamic team. With over 30 years of success and a commitment to putting people first, we offer custom financing solutions through partnerships with Fannie Mae, Freddie Mac, HUD/FHA, and our bank's balance sheet products.
Job Responsibilities
Independently underwrite multifamily mortgage loan transactions for Fannie Mae and Freddie Mac, ensuring compliance with Agency and Bank guidelines.
Review customer data, make sound credit decisions, and document transactions according to secondary market guidelines.
Manage client relationships in collaboration with Production, proactively addressing potential issues to ensure timely execution.
Evaluate proposed Agency loans for credit risk and obtain necessary approvals from Merchants' credit committee and respective Agencies.
Key Duties
Underwrite multifamily Agency loans, managing the process from origination to closing.
Stay current with Agency loan requirements and updates, ensuring compliance.
Conduct site inspections and evaluate third-party reports (e.g., appraisals, engineering, environmental) and vendor performance.
Coordinate effectively with internal teams, external stakeholders, and borrowers to facilitate successful transactions.
Analyze financial statements, credit reports, and other documentation to assess credit risks and provide solutions.
Prepare comprehensive loan packages for evaluation and approval by Merchants Credit Committee and Agency Lenders.
Requirements
Bachelor's degree in Finance, Economics, Real Estate, or related field.
Minimum three years of multifamily loan underwriting experience with Fannie Mae and Freddie Mac, preferably in affordable products.
Strong understanding of Agency lending guidelines and pricing standards to minimize credit risk.
Familiarity with various organizational structures (LLCs, LPs, Corporations, Trusts) is preferred.
Excellent analytical, research, and presentation skills with the ability to work independently and collaboratively under tight deadlines.
Proactive team player with a commitment to excellence and mentoring junior staff.
Additional Information
This position is open to remote professionals.
Employment Type: Full-Time
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Finance and Sales
Industries
Human Resources Services
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