Vice President of Underwriting

SCI, the leading real estate search firm, is retained by a premier real estate investment organization specializing in affordable housing who is seeking a Vice President to oversee underwriting and delivery of affordable multifamily housing loans. This role involves managing correspondents and contract underwriters, with a focus on LIHTC properties.

Preferred Location: New York City (NYC)

Responsibilities

• Manage underwriting and loan delivery from correspondent lenders.
• Supervise contract underwriters handling affordable housing loans.
• Support loan closing and delivery processes, coordinating with Debt Administrator.
• Develop and implement debt credit policies, approve/deny loan requests.
• Establish policies for consistency among underwriters and risk mitigation.
• Cultivate and maintain external relationships with GSEs and trade associations.

Qualification

• Bachelor's degree in business, economics, real estate, or related field. Master's degree preferred.
• 7+ years underwriting multifamily loans for LIHTC properties to GSE standards.
• Expertise in multifamily affordable housing and LIHTC lending programs.
• Familiarity with other investor programs and community development assets.
• Understanding of loan closing and delivery processes, including GSE documents.
• Strong credit sense and technical underwriting skills for complex transactions.