Senior Underwriter

Status:Exempt (Salaried)

Reports to:Vice President of Housing Finance and Development

Location: 3906 Farnam Street Omaha NE

Work Schedule:FPI operates on a 7.5-hour workday with core hours of 9am3pm. This role offers hybrid flexibility with regular in-office collaboration expected.

Compensation:Hiring range of$00 with eligibility for annual incentive compensation (4-8% of base salary).

We are committed toequitablecompensation practices and base salaries on a consistent framework tied to role scope responsibility and experience. Most candidates will be hired near the midpoint of the range depending onexperienceand qualifications.

Benefits:Comprehensive benefits package including health dental and vision insurance; retirement contributions; generous paid time off; professional development support; and hybrid work flexibility.

Organizational Overview:

Front Porch Investments was formed in 2021 to address the gap in affordable housing in the Porch Investmentsserves as a catalyst for innovative and community-centered affordable housing solutions with a focus on investment advocacy and prioritize production and preservation of affordable housing housing justice and innovative housing models working across public-private partners to strengthen the regional housing Porch Investments is a supporting organization of the Omaha Community Foundation.

Core Values:

• Human-Centered.We believe in housing as a human right and center this belief in our work.

• Bold.We make bold decisions to support housing innovation.

• Inclusive.We prioritizeequitableaccess to the housing ecosystem especially for historically excluded voices.

• Collaborative.We believe collaboration across systems is where transformative change happens.
  
  

Role Overview:

The Senior Underwriter at Front Porch Investments (FPI) is responsible for leading the financial and credit analysis of affordable housing loans. This role will independently evaluate and structure transactions conduct due diligence prepare credit recommendations and coordinate approved loans through closing and handoff to loan operations staff.

Responsibilities and Duties

Key responsibilities include but are not limited to the following:

Underwriting and Credit Analysis

• Lead the underwriting of acquisition predevelopment bridge construction mini-permanent permanent and other affordable housing loans.
• Evaluate borrower and guarantor capacity and analyze project budgets operating pro formas rent rolls development schedules and proposed capital structures.
• Assess collateral leverage debt-service coverage affordability requirements and the timing and reliability of public subsidies and other project funding.
• Identify material credit construction market operational and compliance risks; recommend appropriate loan terms covenants reserves guarantees and other mitigants.
• Prepare clear credit memoranda and recommendations supported by sensitivity analysis proposed risk ratings policy exceptions and complete underwriting documentation.
  
  

Approval Due Diligence and Closing

• Present underwriting recommendations to the Loan Committee and Board of Directors as requested and document approval conditions and policy exceptions.
• Manage transaction-specific due diligence and review appraisals market studies environmental reports construction information title materials funding commitments and other third-party documentation.
• Coordinate with borrowers consultants legal counsel and internal staff to confirm that approved terms affordability requirements and closing conditions are satisfied and accurately documented.
• Provide a complete post-closing handoff to loan operations and compliance staff and support subsequent modifications or other material credit actions.
  
  

Program & Organizational Support

• Help transition loan origination from the current third-party provider through structured knowledge transfer documentation of existing practices and continuity planning for active transactions.
• Assist in developing and refining internal underwriting workflows credit standards policies templates approval controls risk-rating practices and quality-assurance procedures and ensure their consistent application.
• Work closely with the Loan Fund Manager and Loan Operations & Compliance Manager to coordinate application screening underwriting closing servicing handoff and ongoing compliance responsibilities.
• Monitor the underwriting pipeline communicate emerging issues and decision timelines and help improve origination systems and performance measures.
• Provide expertise to loan product design pricing affordability portfolio-risk and organizational planning and represent the organization professionally with borrowers partners public agencies and other stakeholders.

This job posting is not intended to be an exhaustive list of responsibilities and may be adjusted as organizational needs evolve.

Qualifications

• Bachelors degree in finance accounting real estate business administration public administration or a related field or an equivalent combination of education and relevant experience.
• At least 7 years of progressively responsible experience in commercial real estate affordable housing community development or similarly complex credit underwriting.
• Demonstrated experience independently underwriting multifamily housing mixed-use real estate or community development transactions.
• Strong understanding of real estate financial statements development budgets operating pro formas cash-flow analysis collateral valuation and credit risk.
• Experience evaluating layered capital structures that may include public subsidies grants subordinate debt tax credits or other nontraditional financing sources.
• Ability to identify material risks develop appropriate mitigants and communicate balanced credit recommendations.
• Advanced proficiency with Excel-based financial modeling and sensitivity analysis.
• Strong written verbal organizational and interpersonal communication skills.
• Ability to independently manage multiple transactions deadlines and competing priorities.
• Demonstrated attention to detail sound judgment and commitment to consistent documentation and internal controls.
• Commitment to affordable housing community development and the organizations mission.
• High level of initiative adaptability integrity and ability to build trusted relationships with borrowers partners and colleagues
  
  

We encourage candidates with a mix of lived experience professional expertise and transferable skills to apply even if you dont meet every listed qualification.

To Apply

Please complete an application at Applications will be reviewed on a rolling basis until the position is filled. Priority consideration will be given to applications received by October 12.

Front Porch Investmentsis an Equal Opportunity Employer and does not discriminate on the basis of race color religion sex national origin age disability or any other protected status. Reasonable accommodations are available for individuals with disabilities and for pregnancyrelated needs during the application and interview process. Employment is atwill and may be terminated by either party at any time with or without cause or notice.

Required Experience:

Senior IC