Underwriter

Duties and Responsibilities

• Underwrite and originate mortgages for affordable multifamily housing for new construction, preservation and adaptive reuse projects that utilize tax exempt and taxable bonds, tax credits, and other State and municipal funding sources.
• Aid in project management of transactions, coordinating externally with developers, financial institutions, syndicators, other governmental agencies, and project partners to move projects forward in a timely fashion.
• Aid in the coordination of internal approvals for transactions, working with HCR’s Asset Management, Environmental, Design and Sustainability, Dept. of Empowerment, Compliance and Opportunity, Fair Housing, and other internal teams.
• Make recommendations related to budgets, proformas, deal structure, HCR subsidies and affordability.
• Prepare written materials for presentation to Credit Committee and submission to Board to secure internal project approvals.
• Work closely with Legal and Debt Issuance teams to prepare for mortgage and bond closings.
• Advise and assist external parties through HCR policies, terms, and regulations to resolve issues related to project approval.

Qualifications

• A Bachelor’s degree with course work/credits specific to finance and/or real estate; a minimum of 2+ years of relevant experience in multifamily real estate lending and/or development; or a satisfactory combination of education and/or experience equivalent to the above.
• Proficiency in Excel using mortgage loan models and employing financial concepts.
• Demonstrated interest in the affordable housing industry.
• Strong interpersonal, verbal, and written communication skills.
• Ability to build relationships with staff, executives, and external partners.
• Strong organizational skills with excellent attention to detail.
• Strong self-initiative for accomplishing production goals and securing necessary approvals.