Multifamily Loan Underwriter
| Organization: |
DC Housing Finance Agency |
| Date Posted: |
1/19/2022 |
| City: |
Washington D.C. |
| Location: |
District of Columbia |
| Country: |
United States |
| Primary Category: |
NALHFA |
• Provide input to the draw process in partnership with the Agency’s construction monitoring team
during construction in order to ensure that projects are being constructed as per the underwriting
• Coordinate with the Agency’s Department of Portfolio and Asset Management to gather market data
and reconcile all regulatory requirements during the underwriting process, provide feedback while
transactions remain in the portfolio and to resolve issues on troubled assets.
• Review and approve third party due diligence reports. Ensure that recommendations are implemented
in the project development plan.
• Assist in the design and development of new multifamily loan programs, special non-lending programs
(i.e. supportive services, counseling, technical assistance, etc.) using federal, District of Columbia, DC
Housing Finance Agency, or other fund resources.
• Remain current on external factors that may affect established lending policies, such as new or revised
legislation and regulations
• Provide complete customer service through relationship management
• Perform other duties as required
KNOWLEDGE AND OTHER QUALIFICATIONS :
• Bachelor’s Degree in Real Estate, Finance, Business, or another related field from an accredited
university or equivalent experience is required
• Masters in Real Estate Development (MRED) or a Master’s in Business Administration (MBA) a plus
• 3-5 years of experience in Real Estate, Planning, Development, and Finance
• 3+ (three) years of experience in multifamily construction and permanent loan underwriting
• Thorough knowledge of underwriting policies and procedures
• Knowledge of housing and affordable housing related market forces including; general real estate
principles, supply and demand economics and other multifamily demand drivers.
• Understanding of federal, state, municipal code, regulations; contract law; business entity structure and
real estate law; and construction principles particularly as they relate to tax exempt bond and Low
Income Housing Tax Credit financing.
• Must possess strong research, project management, organizational, analytical, and math/quantitative
skills
• Must be able to successfully and autonomously manage projects of a varied and complex nature
• Excellent communication skills, both verbal and written, and ability to make presentations
The Agency offers an exciting work environment along with a competitive salary and excellent benefits package.
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