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Walker & Dunlop · 8 hours ago

Underwriter

Needham, MA

Full-time

Hybrid

Mid, Senior Level

$80K/yr - $100K/yr

3+ years exp

Walker & Dunlop is a leading provider of capital in the commercial real estate industry, focusing on creating positive change in communities. As an Underwriter in the Affordable Underwriting department, you will evaluate, structure, and approve multifamily mortgage transactions, ensuring adherence to affordable housing programs and company standards.

Commercial Real EstateConsultingFinanceFinancial ServicesReal Estate Investment

Growth Opportunities

Responsibilities

Lead the underwriting process for affordable multifamily transactions upon receipt of a borrower’s application and fee

Establish underwriting timelines in coordination with the loan officer and closing coordinator

Oversee preparation of borrower checklists and ensure timely receipt of required documentation

Select and manage third-party vendors (e.g., appraisers, engineers, environmental consultants)

Conduct comprehensive due diligence, including review of property markets, borrower financial capacity, and credit history

Critically evaluate appraisals, engineering, environmental, and other reports for accuracy and risk implications, particularly within affordable housing contexts

Prepare detailed analytical narratives and credit memoranda for submission to the Chief Underwriter and Loan Committee

Conduct property and market inspections as needed (frequent business travel required)

Present findings and recommendations to the Loan Committee with clarity and confidence

Supervise and mentor an underwriting analyst, providing training and guidance on affordable housing credit analysis and underwriting best practices

Manage analyst timecards, PTO, and workload prioritization, and participate in performance reviews

Collaborate effectively with internal teams, clients, and vendors to address challenges and maintain workflow efficiency

Maintain thorough understanding of agency guidelines, affordable housing regulations, and company underwriting policies

Ensure compliance with all representations, warranties, and documentation standards at loan closing

Support a culture of professionalism, collaboration, and continuous improvement within the underwriting team

Perform other duties as assigned

Qualification

Underwriting experienceAffordable housing knowledgeAnalytical skillsFannie Mae experienceFreddie Mac experienceLeadership skillsCommunication skillsProblem-solving mindsetCollaboration skills

Required

Bachelor's degree required

3+ years of underwriting experience, with specific experience in affordable housing finance (LIHTC, Section 8, tax-exempt bonds, or similar programs) preferred

Direct underwriting experience with Fannie Mae and Freddie Mac affordable products preferred

Proven ability to manage complex transactions and mentor junior staff

Strong analytical and quantitative skills; able to make sound decisions with incomplete or nuanced data

Excellent written, verbal, and presentation skills, with the ability to communicate complex affordable housing structures clearly

Demonstrated leadership and ability to manage multiple priorities in a fast-paced environment

Proactive and solution-oriented mindset with a drive for innovation and continuous improvement

In-depth knowledge of affordable housing programs, market dynamics, and compliance requirements

Collaborative, professional, and respectful in all interactions with colleagues, clients, and partners

Ownership mentality with a commitment to accuracy, quality, and accountability

Ability to show ownership of your work, embrace challenges and growth opportunities, and demonstrate patience when learning new processes

Demonstrates courtesy, respect, and thoughtfulness when teaming with colleagues and collaborating with stakeholders

Preferred

3+ years of underwriting experience, with specific experience in affordable housing finance (LIHTC, Section 8, tax-exempt bonds, or similar programs) preferred

Direct underwriting experience with Fannie Mae and Freddie Mac affordable products preferred