Underwriter - FHA

Are you looking for the opportunity to make an impact?

The Underwriter - FHA is the project manager on the deal during the underwriting stage of the deal. The Underwriter - FHA is responsible for leading the Underwriting Team and leading the underwriting, progress, communication and troubleshooting of the deal prior to receipt of the Firm Commitment from HUD. Mortgage Banking and the Underwriting Team relies on the Underwriter - FHA to navigate the deal through the underwriting process, submission to HUD and receipt of the Firm Commitment. The Underwriter - FHA is also required to be a mentor to other Underwriting team members. The Underwriter - FHA is responsible for analyzing and underwriting potential loans on complex commercial real estate loan applications across a broad spectrum of asset types. The main duty of the Underwriter - FHA is to determine whether the transaction and the potential borrower presents an acceptable level of risk.

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.

Responsibilities:

• Critically review all underwriting components – including narratives, mortgage credit, third-party report conclusions, financial and property information – to ensure program compliance and acceptable risk to HUD and Berkadia.
• Oversee the underwriting process, collaborating with the underwriting team. Guide and coach the underwriting team through all stages of the loan process, offering direction and actionable feedback.
• Manage project timelines and coordinate with stakeholders, as needed throughout underwriting process to ensure project milestones and deadlines are met.
• Delegate and review underwriting narratives and financial analyses, ensuring quality control. Collaborate with underwriting team to identify risks, provide a thorough description, develop suitable mitigants and conclusions.
• Evaluate market competitiveness and economic feasibility of proposed collateral and projected income streams.
• Present underwriting recommendations and supporting documentation to approval committee.
• Maintain effective communication with HUD, the underwriting team, clients and other stakeholders, including addressing challenging topics as needed.
• Oversee multiple loan transactions simultaneously, tracking progress, assigning tasks, and meeting project deadlines.
• Other duties as assigned.

Preferred Qualifications:

• Proven experience in affordable housing including LIHTC, Section 8, etc.  
• Excellent organizational, analytic and quantitative skills, detail oriented and possess a high level of initiative.
• Knowledge of cash flow analysis and exposure to commercial real estate preferred.
• Advanced technical proficiency with MS Office (especially Excel), prior experience with Salesforce preferred.
• Solid communication skills, both written and verbal.
• Ability to interface with team members, work independently and in a team environment.
• Ability to adapt to a rapidly changing environment.
• Bachelor's Degree or Equivalent 
• 3+ years of experience in a similar position 

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