Full-Time VP, MF Conventional Underwriting

VP, MF Conventional Underwriting (East) will direct and co-manage the strategic credit decision-making process for Conventional MF products with the VP MF Conventional Underwriting (West). This leader will report directly to the SVP, Chief Underwriter for Multifamily and will oversee a staff of more than 25 underwriters responsible for quoting transactions in the Northeast (NE) and Southeast (SE) Fannie Mae credit regions originating between $20-$25B/year in new Multifamily transactions.

IMPACT YOU WILL MAKE

• Lead and oversee employees aligned to the Northeast and Southeast MF Credit Underwriting (CU) Team.
• Ensure standards for credit quality are met on all incoming transactions.
• Approve and document variations to credit standards as necessary.
• Set measurable goals for team members and ensure they have needed resources.
• Develop policies, credit guidance, and methodologies with the CU Leadership team.
• Ensure incoming book of business conforms to corporate risk tolerance parameters and limits.
• Engage with Research and Analytics to guide risk measure development.
• Coordinate risk research and analyses.
• Work with Enterprise Risk Management to develop risk policies, standards, and guidelines.
• Perform quarterly reviews and updates of Multifamily DUS Guide and Underwriting Standards.
• Partner with Product Development to assess and implement updates to Conventional products, monitor impact on MMB book of business.
• Communicate MF CU priorities and risk considerations to relevant stakeholders (DUS Lenders, FHFA, internal risk partners).
• Lead and manage division-wide projects.

EXPERIENCE YOU BRING TO THE TEAM

• At least 10 years’ demonstrable experience in underwriting multifamily loans (including seniors housing, cooperatives, and manufactured housing).
• Experience with preferred equity structures in the multifamily industry.
• Background in MF underwriting with Agency business (Fannie or Freddie), knowledge of DUS lender ecosystem preferred.
• Experience working with rent control and stabilization laws in New York City and other applicable markets.
• 8+ years of people leadership experience and a commitment to talent development.
• Strong executive communication and influencing skills; a proven track record of building internal and external relationships.
• Strong analytics acumen, experience with data visualization tools (Tableau, MS Excel, etc.)
• Deep credit risk experience.

REQUIRED

• Bachelor's degree, preferably in Business Administration or related field.

PREFERRED

• Master's degree, preferably in Real Estate Finance/Development, Urban Planning/Policy, Affordable Housing, Community Development, Business, Operations, Finance, or related field.

What is the last date for applying to the job?

Which countries are accepted for this remote job?