Senior Lead Commercial Real Estate Underwriter

About this role:

Wells Fargo is seeking a Senior Lead Affordable Housing Underwriter within Multifamily Capital. In coordination with our relationship management and closing teams, this professional will be responsible for underwriting the largest and most complex affordable housing loan requests.

In this role, you will:

• Maintain a comprehensive knowledge and understanding of Freddie Mac and Fannie Mae multifamily underwriting guidelines and requirements, with specific focus on affordable housing programs
• Build and maintain strong relationship with various partners both throughout Multifamily Capital and, more broadly, the Wells Fargo Commercial Real Estate (CRE) business line as well as our GSE partners
• Perform property inspections
• Analyze credit of tenants and borrowers
• Coordinate with the loan closing team throughout the negotiation process
• Make recommendations to credit for prospective loans
• Serve as a leader and industry expert on the team, sharing best practices and expertise with more junior team members
• Review third party reports including appraisals, environmental reports (phase I and II), and engineering reports
• Work closely with Community Lending and Investment (CLI) on transactions wherein the groups partner
• Work closely with WF Construction Monitoring group to process and close loans on rehabilitations and new construction
• Collaborate and consult with Commercial Real Estate Underwriting peers, colleagues, and mid level to more experienced managers to resolve issues and achieve goals

Required Qualifications:

• 7+ years of Commercial Real Estate Underwriting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• 7+ years experience of underwriting multifamily transactions
• 7+ years experience Fannie Mae and Freddie Mac multifamily affordable loans
• Experience with tax credit equity or construction loan debt products.
• Experience performing property inspections
• Experience analyzing credit of tenants and borrowers.
• Experience reviewing third party reports including appraisals, environmental reports (phase I and II), and engineering reports
• Leadership experience
• Strong analytical skills with high attention to detail and accuracy
• Excellent verbal, written, and interpersonal communication skills
• Ability to work effectively, as well as independently, in a team environment
• A BS/BA degree or higher

Job Expectations:

• Ability to travel as needed
• Ability to work additional hours as needed
• his position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CFR 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.

Pay Range
 

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.

$144,400.00 - $300,000.00

Benefits

Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.

• Health benefits
• 401(k) Plan
• Paid time off
• Disability benefits
• Life insurance, critical illness insurance, and accident insurance
• Parental leave
• Critical caregiving leave
• Discounts and savings
• Commuter benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement

Posting End Date:

29 May 2025

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard t