Job DescriptionImportant Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as 'Personal Cell' or 'Cellular' in the contact information of your application. At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.Corporate & Investment Banking delivers a comprehensive suite of capital markets, banking, and financial products and services. A trusted partner to our clients, we provide corporate and transactional banking; commercial real estate lending and servicing; investment banking; equity; and fixed income solutions including sales, trading, and research capabilities to corporate, commercial real estate, government, and institutional clients across the globe.Commercial Real Estate (CRE) operates throughout the United States, as well as Canada and the United Kingdom, to deliver a comprehensive platform of financing and banking products for experienced commercial real estate companies including balance sheet lending, CMBS origination and distribution, loan servicing, agency financing for multifamily properties, and debt and equity capital for affordable housing.Multifamily Capital (MFC) specializes in providing permanent financing for multifamily properties and healthcare facilities using the programs of the Federal Housing Administration (FHA), and Fannie Mae/Freddie Mac (GSE) and our balance sheet including a direct purchase tax exempt housing bond program. Our veteran bankers are experienced with the various loan programs offered, and as one of the top multifamily loan servicers we remain committed to providing superior customer service before, during and after loan closing.The Affordable Housing Underwriter 1 within Multifamily Capital will, in coordination with our screening and closing teams and under the supervision of a senior underwriter, will be responsible for processing affordable housing loan requests with a focus on GSE transactions.Responsibilities for this role include, but are not limited to: Collecting and reviewing required financial and compliance documents and preliminary analysis of credit for MFC clients for the processing of multifamily GSE (Fannie Mae and Freddie Mac) affordable loans Preparing the underwriting diligence package and works closely with the client to obtain underwriting documentation ensuring it meets Bank and GSE requirements Coordination of the various Bank and GSE required compliance checks and reviews. Performing property inspections Preliminary analysis of credit of borrowers and sponsors Maintaining a comprehensive knowledge and understanding of Freddie Mac and Fannie Mae loan processing guidelines and requirements, with specific focus on affordable housing programs Building and maintaining 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. Working closely with Community Lending and Investment (CLI) on transactions wherein the groups partner Working closely with WF Construction Monitoring group to process and close loans on rehabilitations and new constructionEmployees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.Required Qualifications2+ years of commercial underwriting experienceDesired QualificationsReal estate experienceGood analytical skills with high attention to detail and accuracyGood verbal, written, and interpersonal communication skillsHigh level of initiative and accountabilityAbility to work effectively in a team environment where strong independent thinking skills are importantA BS/BA degree or higherAbility to provide strong customer service while balancing the needs of clients, shareholders, and team membersIntermediate Microsoft Excel skillsOther Desired Qualifications Knowledge and understanding Fannie Mae and Freddie Mac multifamily underwriting guidelines Knowledge and understanding of affordable housingJob ExpectationsAbility to work additional hours as neededAbility to travel domesticallyStreet AddressVA-McLean: 1751 Pinnacle Dr - Mclean, VAMD-Bethesda: 3 Bethesda Metro Center - Bethesda, MDTX-DAL-Downtown Dallas: 1445 Ross Ave - Dallas, TXDisclaimerAll offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.Relevant military experience is considered for veterans and transitioning service men and women.Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.Benefits SummaryBenefits Visit https://www.wellsfargo.com/about/careers/benefits for benefits information.