Multifamily Affordable Housing Underwriter - Advisor

Playing an essential role in the U.S. economy, Fannie Mae is foundational to housing finance. Here, your expertise can help fuel purpose-driven innovation that expands access to homeownership and affordable rental housing across the country. Join Fannie Mae to grow your career and help people find a place to call home.

Job Description

As a valued contributor to our team, you will advise team members on managing communications and/or negotiations between Fannie Mae and clients regarding loans and other investments. In this role, you will review and comment on underwriting and reviewing the issuance of securities to customers.

THE IMPACT YOU WILL MAKE

The Multifamily Affordable Housing Underwriter - Advisor role will offer you the flexibility to make each day your own, while working alongside people who care so that you can deliver on the following responsibilities:

• Perform forensic underwriting reviews and identify potential red flags to prevent the enterprise from acquiring loans with potential fraud, deficient property values or increased borrower exposure risk.
• Advise on potential risks and costs involved with providing services to a customer.
• Analyze the risks and costs of a lending decision and make recommendations on process improvement related to decision process.
• Advise on process related to issuance of the securities or other financial loans to the customer.

THE EXPERIENCE YOU BRING TO THE TEAM

Minimum Required Experience

• 6 years of relevant Multifamily underwriting experience with particular emphasis on Multifamily Affordable housing properties
• Expertise in Multifamily Affordable Housing Finance: comprehensive experience in underwriting and structuring complex transactions with specialized focus in Tax-Exempt Bond Financing, Low-Income Housing Tax Credits (LIHTC), Subordinate Debt Financing, and Section 8 HAP Contracts
• Curiosity and adaptability learning and responsibly applying new techniques, including artificial intelligence, to reimagine how we work

Desired Experience

• Bachelor's degree or equivalent
• Comprehensive knowledge of commercial mortgage Multifamily underwriting including property financial analysis, borrower credit, third party reports, and market analyses
• Knowledge of DUS/GSE underwriting guidelines
• Demonstrated ability to work in a fast paced, results driven environment
• Demonstrated ability to balance the demands of multiple client requests at any given time
• Knowledge of other federal, state, and local Affordable housing programs
• Proficiency in financial analysis and modeling
• Excellent analytical, problem-solving, and decision-making abilities
• Ability to manage multiple tasks and deadlines
• Multifamily Affordable property valuation - knowledge of valuation methods and how they apply uniquely to Affordable housing
• Loan Structuring - understand complex financing and multiple layers of debt and equity
• Governance and Compliance experience including creating policies, evaluating compliance, developing data governance, preferred
• Skilled in Excel (intermediate or advanced); Sales Force

Multifamily Risk - Underwriting - Advisor

#LI-NL1- Hybrid

Qualifications

Education:
Bachelor's Level Degree (Required)

The future is what you make it to be. Discover compelling opportunities at Fanniemae.com/careers.

For most roles, employees are expected to work onsite on a regular basis at their designated office location. In-office work cadence is determined by your manager. Proximity within a reasonable commute to your designated office location is preferred unless the job is noted as open to remote.

Fannie Mae is an equal opportunity employer and considers qualified applicants for employment without regard to race, color, religion, sex, national origin, disability, age, sexual orientation, gender identity/gender expression, marital or parental status, or any other protected factor. Fannie Mae is committed to providing reasonable accommodations to qualified individuals with disabilities who are employees or applicants for employment, unless to do so would cause undue hardship to the company. If you need assistance using our online system and/or you need a reasonable accommodation related to the hiring/application process, please complete this form.

The hiring range for this role is set forth below. Final salaries will generally vary within that range based on factors that include but are not limited to, skill set, depth of experience, certifications, and other relevant qualifications. This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program). As part of our comprehensive benefits package, Fannie Mae offers a broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee's physical, mental, emotional, and financial well-being. See more here.

Requisition compensation:
141000
to
184000

Client-provided location(s): Washington, DC

Job ID: Fannie-JR2470

Employment Type: FULL_TIME

Posted: 2026-04-30T20:01:39