Affordable Housing (LIHTC) Underwriter
Welcome to Regions Financial Co., a leading financial institution committed to providing affordable housing for all. We are currently seeking an experienced Affordable Housing (LIHTC) Underwriter to join our team and help us continue our mission of making homeownership a reality for low-income individuals and families. As an underwriter, you will play a crucial role in analyzing and evaluating the financial feasibility of affordable housing projects. We are looking for candidates with a strong understanding of the LIHTC program and a passion for promoting economic and social equality through access to affordable housing. If this sounds like you, we encourage you to apply and be a part of our dedicated team.
- Evaluate Affordable Housing Projects: Conduct thorough analysis and evaluation of potential affordable housing projects to determine their financial feasibility.
- Understand LIHTC Program: Possess a strong understanding of the Low-Income Housing Tax Credit (LIHTC) program and its requirements in order to accurately assess project eligibility.
- Conduct Financial Risk Assessments: Utilize financial modeling and risk assessment techniques to evaluate the financial viability of affordable housing projects.
- Collaborate with Team: Work closely with team members, including loan officers and project developers, to gather necessary information and ensure accurate underwriting decisions.
- Maintain Compliance: Ensure compliance with all applicable laws, regulations, and company policies throughout the underwriting process.
- Develop Recommendations: Provide well-informed recommendations and solutions to mitigate risks and improve the success of affordable housing projects.
- Communicate Effectively: Communicate underwriting decisions and recommendations clearly and effectively to all stakeholders, including clients and colleagues.
- Stay Updated on Industry Trends: Stay current on industry trends and developments related to affordable housing and LIHTC program guidelines.
- Promote Mission: Demonstrate a strong commitment to the company's mission of promoting economic and social equality through access to affordable housing.
- Uphold Company Values: Uphold the company's values of integrity, innovation, and excellence in all aspects of the job.
- Continuously Improve Processes: Identify areas for process improvement and offer suggestions to enhance the underwriting process.
- Maintain Confidentiality: Handle all confidential and sensitive information with the utmost discretion and maintain the highest level of professionalism at all times.
Strong Financial Analysis Skills: As An Affordable Housing Underwriter, It Is Important To Have A Strong Understanding Of Financial Statements, Tax Returns, And Cash Flow Projections To Accurately Assess The Creditworthiness Of Potential Lihtc Projects.
Knowledge Of Affordable Housing Programs: This Role Requires A Deep Understanding Of The Low-Income Housing Tax Credit (Lihtc) Program, As Well As Other Affordable Housing Programs Such As Hud Programs, Bond Financing, And Other State And Local Programs.
Risk Assessment And Mitigation: An Affordable Housing Underwriter Must Be Able To Assess And Mitigate Risks Associated With Affordable Housing Projects, Including Market Conditions, Tenant Income Levels, And Potential Regulatory Changes.
Attention To Detail: Underwriting Affordable Housing Projects Requires A High Level Of Attention To Detail To Ensure Compliance With Program Requirements And To Accurately Assess The Financial Viability Of Each Project.
Communication And Collaboration Skills: This Role Involves Working Closely With Various Stakeholders, Including Developers, Attorneys, And Government Agencies. Strong Communication And Collaboration Skills Are Essential To Effectively Underwrite And Close Lihtc Transactions.
Financial Analysis
Communication Skills
Negotiation skills
Attention to detail
Compliance Knowledge
Risk assessment
Due Diligence
Problem-Solving
Underwriting Policies
Affordable Housing Regulations
Communication
Conflict Resolution
Customer Service
Emotional Intelligence
Leadership
Time management
creativity
Teamwork
Adaptability
Problem-Solving
According to JobzMall, the average salary range for a Affordable Housing (LIHTC) Underwriter is $60,000 to $90,000 per year. However, this can vary depending on factors such as location, experience, and employer. Some underwriters may also receive bonuses or commission based on their performance.
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Regions Financial Corporation is a bank holding company headquartered in the Regions Center in Birmingham, Alabama. The company provides retail banking and commercial banking, trust, stockbrokerage, and mortgage services.
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