Loan Officer/Fannie Mae Underwriter

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Job ID:

188119

Location:

Boston, MA 

Category:

Financial and Accounting

Salary:

per year
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Employment Type:

Full time

Posted:

02.14.2018
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Job Description:

The Massachusetts Housing
Partnership (MHP) is a national leader in affordable housing
finance and a primary lender in Massachusetts for the financing of
affordable and mixed-income rental housing.MHP is a mission-driven
non-profit public agency and an approved Fannie Mae MAH lender, FHA
MAP lender, and FHA Risk-Sharing lender with over $1.2 billion in
credit lines from Massachusetts banks.We are seeking an experienced
real estate professional to join our team of affordable housing
lenders.
Responsibilities: Independently underwrite
loans, conduct site visits, review and analyze third party reports,
and present final narrative analysis to internal and external loan
committees and MHP's board of directors for approval.Manage
relationships with borrowers during the underwriting and closing
process.Manage Fannie Mae credit submission and underwriting review
process, working with MHP's Chief Underwriter.
Qualifications:The ideal candidate will have at
least 5 years' experience underwriting multifamily loans including
at least 2-3 years' experience underwriting loans with a Fannie Mae
DUS lender.Thorough working knowledge of the Fannie Mae guidelines
and product lines (e.g. M.TEB, SARM, ROAR, LIHTC forward products)
is strongly preferred.Ability to analyze complex ownership
structures, accurately assess market dynamics, and underwrite
complicated real estate finance structures (mixed-use condos,
ground leases, senior use restrictions, sub/mezz debt, etc.) is
essential.Strong analytical and Excel skills and excellent
communications and presentation skills are required.Must be very
organized and detail-oriented.A thorough working knowledge of
affordable housing programs is preferred.Bachelor's degree is
required.
Salary:Commensurate with experience.MHP
provides a comprehensive benefits package including health, life,
dental, and disability insurance, flexible spending accounts, a
public transportation benefit, and a fully vested employer-matched
retirement plan.Excellent team-oriented work environment.MHP is an
Equal Opportunity Employer.
To apply: Please send a cover letter
(required) and resume to Ivette Timberlake, MHP,
160 Federal Street, Boston, MA02110.Fax: .E-mail:
Organization Info
Massachusetts Housing Partnership

Organizational Profile