PNC Underwriter IV - Agency 

United States, New York, New York 

684748422

• Intimate knowledge of Fannie Mae Multifamily Affordable Housing and Freddie Mac Targeted Affordable Housing products.
• Knowledge of the Fannie Mae Selling and Servicing Guide with emphasis on Part III Chapter 3 (Moderate Rehabilitation Mortgage Loans), Part III Chapter 7 (Multifamily Affordable Housing Properties), Part III Chapter 19 (Bond Transactions and Credit Enhancement Mortgage) and Part III Chapter 20 (Forward Commitments)
• Knowledge of the Freddie Mac Seller/Servicer Guide with emphasis on Chapter 19 (Originating a Targeted Affordable Housing Cash Mortgage), Chapter 19A (Originating a Targeted Affordable Housing Cash Mortgage under a Forward Commitment), Chapter 23 (Targeted Affordable Housing Underwriting Analysis for Affordability Components), Chapter 25 (Originating a Targeted Affordable Housing Tax Exempt Loan), Chapter 25A (Originating a Targeted Affordable Housing Tax Exempt Loan under a Forward Commitment), Chapter 28 (Originating a Targeted Affordable Housing Bond Credit Enhancement Mortgage), and Chapter 28A (Originating a Targeted Affordable Housing Bond Credit Enhancement Mortgage under a Forward Commitment).
• Performs review and analysis of 3rd party reports including Environmental, Property Condition Assessment, Plan and Cost Review, Appraisal, and Market Study.
• Performs property site inspections in accordance with PNC, Fannie Mae and Freddie Mac requirements.Job Description

• Works independently with little or no oversight. Exercises exception and elevated approval authority. Prepares offerings for all types of transactions at any level of complexity or in management of a portfolio as assigned. Interacts with internal/external customers. Provides recommendations for credit structuring. Serves as subject matter expert for certain asset classes. Serves as a coach, work lead and trainer for the group.
• Using independent judgment to identify risks and mitigants, prepares offerings and/or scorecards, such as risk ratings, by analyzing credit, collateral strength and financial worthiness of loan/transaction parties. If relevant, performs ongoing credit risk management for assigned portfolio. Coaches and/or reviews the work of other underwriters and fills in for manager as required.
• Contacts internal/external customers and other parties as appropriate to gather information and to clarify inconsistent, incorrect or missing information. May perform relevant pre-approval and post-approval activities.
• Identifies and/or confirms all external regulatory requirements. Ensures internal policies/procedures are followed.
• Makes recommendations on credit decisions or makes credit decisions directly, as appropriate.
• Knowledge of IRS Code Section 42 and 47, equity structures and documentation, market research (including onsite inspections and market comp analysis), and 3rd party or external guidelines.

PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be:

• Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions.
• Managing Risk - Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework.

Qualifications

Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role. Listed below are skills, competencies, work experience, education, and requiredneeded to be successful in this position.

Credit Decisions, Decision Making, Financial Analysis, Identifying Risks, Process Improvements, Results-Oriented, Risk AssessmentsAccuracy and Attention to Detail, Coaching Others, Credit Analysis and Verification, Decision Making and Critical Thinking, Knowledge of Underwriting, Managing Multiple Priorities, Market Research, Real Estate Development, Real Estate Practice, Real Estate Property Data Analysis, Real Estate Sales Closings and Agreements, Regulatory Environment - Financial ServicesRoles at this level typically require a university / college degree, with 5+ years of industry-relevant experience. Specific certifications are often required. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.No Required Certification(s)No Required License(s)

This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA) and, for any registered role, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) and/or the Financial Industry Regulatory Authority (FINRA), which prohibit the hiring of individuals with certain criminal history.

California Residents

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