Senior Underwriter - Affordable Housing

Are you looking for the opportunity to make an impact?

The Senior Underwriter is responsible for analyzing and underwriting complex commercial real estate loan applications across a diverse range of assets. Additionally, the Senior Underwriter collaborates to establish operational processes that ensure efficient and timely execution of these transactions.

Berkadia’s mortgage banking platform is consistently ranked among Fannie Mae, Freddie Mac and HUD’s top lenders and is seamlessly integrated with our investment sales and servicing platforms to provide superior client service. Let the strongest research, technology, capital relationships, and a nationwide network of industry professionals propel you to the next stage of your commercial real estate career. Be Backed by the Best. Be Berkadia.

We Innovate to shape the future of CRE, so in this role you will:

Responsibilities:

• Provide training and mentoring to underwriters, analysts, processors, and other team members as needed.


• Collaborate with the Deputy Chief Underwriter to ensure compliance with the company's underwriting policies and procedures.


• Critically review borrower credit information, third-party reports, and property financial and physical data to assess whether the borrower and property meet program requirements.


• Draft and finalize the underwriting submission package, detailing the transaction’s strengths and weaknesses, discussing risks and mitigants, and requesting any necessary waivers.


• Offer support and guidance during the closing process to ensure alignment with the major credit terms of the transaction.


• Stay updated on programs, policies, and legislation, including participating in regular training with Freddie Mac, Fannie Mae, and other funding providers.


• Engage in process improvements and technological enhancements to facilitate smooth deal execution.


• Other duties as assigned.

We Stand for Excellence, so to achieve success in this role you should have:

Preferred Qualifications:

• Proven experience in affordable housing including LIHTC, Section 8, etc. 


• Demonstrate comprehensive knowledge of products, guidelines, policies, and procedures.


• Exhibit exceptional credit judgment and decision-making skills, with proven technical expertise in underwriting, structuring, and closing complex transactions.


• Requires the ability to work independently with strong project management skills, excellent accuracy and attention to detail, and adaptability to industry changes.


• Proficient in Microsoft Office Suite.

We believe People Matter, so we offer benefits that go beyond:

• Monthly paid volunteer hours and donation matching to benefit our communities 


• Employee Resource Groups that help you grow with us


• Fertility and family planning services  


• Up to 12-weeks of fully paid parental leave   


• Mental health care, including free counseling sessions:  


• We'll help you fund your learning journey with generous tuition reimbursement 


• Pet insurance discounts 


• And more! 

Be the Next Big Thing. Be Berkadia.

#LI-HG1 #LI-HYBRID

Berkadia, as an equal opportunity employer, celebrates our employees’ unique differences, which we believe drives personal and company-wide innovation and creates a people-first culture where your career can take the long view. To achieve these goals, we are committed to the full inclusion of all qualified individuals, without regard to race, religion, age, color, national origin, gender, sexual orientation, gender identity or expression, marital status, domestic partner status, military and veteran status, disability, pregnancy, parental status, genetic information, political affiliation, or any other status protected by federal, state and local laws.   

In keeping with our commitment, Berkadia takes the necessary steps to provide a workplace free from harassment and discrimination, as well as access and reasonable accommodations for individuals with disabilities. If you require reasonable accommodation to take part in the interview process, please contact [email protected].

You have rights under Federal and State employment laws. No question in this Application is intended to elicit information in violation of any such law, nor will any information obtained in response to any question be used in violation of any such law. If you apply for this role, you are acknowledging Berkadia's Application Policy and Berkadia's Privacy Policy. Please click the following links for more information about: EEOC, Employee Rights under the FMLA, EPPA.