This position has been filled. A new position for a Junior Underwriter will be open soon.

 Job Title:  Credit Underwriter and New Product Developer 
 Reports to:  Chief Credit Officer
 Location:  Atlanta, GA
 Salary:  Competitive Salary and Benefit Package


Community Housing Capital (CHC) is a US Treasury certified Community Development Financial Institution (CDFI) based in Atlanta, GA ( associated with the NeighborWorks® Network. To date it has originated 462 loans totaling $729 million to 142 NeighborWorks organizations in 43 states plus the District of Columbia, financing 18,768 units of affordable housing and facilitating more than $2.3 billion in real estate development across the United States. With great expansion plans as it approaches its 20th year, CHC is seeking a lead underwriter to review its transactions. Please submit your resume using the link below.

 Job Summary

This position supports the credit function of the Affordable Housing Lending Division by providing independent underwriting and analysis, portfolio management, loan reviews, borrower compliance and suggestions for appropriate loan structure. Accountabilities include timely and thorough analysis; well-written credit memos; relationships with Loan Officers and Borrowers; and overall strength of the loan portfolio.

Job Specific Experiences and Qualifications

  • Proficient at borrower financial statement analysis, financial modeling, and structuring complex real estate loans; aptitude for numbers
  • Ability to work within a team context; proficient in building relationships with people in diverse roles
  • Ability to meet schedules, deadlines, goals, and targets in a timely manner; handle multiple responsibilities simultaneously 
  • Produce high-quality work with strong attention to detail
  • In-depth understanding and experience with various real estate loan products; both Single Family and Multifamily. Knowledge and experience with various affordable housing subsidy programs, especially the low-income housing tax credits program, and various HUD programs.
  • Excellent Knowledge of Microsoft Word and Excel

Job Knowledge – Has solid knowledge of CHC, his/her department and current position duties and responsibilities; also has a solid knowledge of policies, processes, practices, and tools required to complete the work efficiently and effectively. Fully understands aspects of the required responsibilities and skills needed to be successful in this role. Able to break job tasks down into manageable segments.

Delivers Results – Understands how to use resources to achieve multiple objectives and reaches closure on projects and deliverables. Skilled at setting objectives and priorities. Works steadily toward achieving goals and consistently meets deadlines. Follows through on commitments. Monitors details and quality of results and adjusts as needed. Accepts responsibility for outcomes. Continues forward appropriately in the face of obstacles or when the path is less clear. Is able to identify possible problems or stumbling blocks and effectively work through them.

Teamwork and Collaboration – Actively participates as a team member to move the team forward. Maintains strong, personal connections with team members and stakeholders. Is seen as a team player and is cooperative. Easily gains trust and support of peers and can solve problems with peers with a minimum of noise. Aligns personal work and performance with the broader team to achieve mutual outcomes. Communicates effectively and appropriately as a team member.

Communication – Exhibits effective listening skills and checks for understanding. Demonstrates strong verbal and written communication and actively listens to others’ ideas and suggestions. Effective in a variety of presentation settings: one-on-one, small and large groups, up and down the organization and with customers. Informs others of what is needed in a clear, concise, non-threatening manner. Consistently shares appropriate information with those who need to know.

Customer Focus – Acts with customers in mind. Establishes and maintains effective relationships with customers to gain their trust and respect. Uses customer information appropriately for improvements in products/services/processes. Is dedicated to meeting the expectations and requirements of customers – stays up to date about the marketplace. Within the parameters of the position, adds value to customers.

Integrity and Trust – Able to present the truth in an appropriate and helpful manner. Treats others equitably. Doesn’t misrepresent him/herself for personal gain. Understands the culture of the organization. Keeps biases and stereotypes out of the workplace. Listens and observes before passing judgment. Acts in line with the mission, values, and guidelines of the company.

Duties and Responsibilities


  • Maintain a working knowledge of CHC policies, procedures, and philosophies.
  • Develop and maintain effective working relationships with: borrowers and potential customers; Loan Officers - working to maintain and strengthen their relationships with Borrowers; all other members of CHC staff; CHC board members, loan committee, investors, and CDFI partners/participating lenders; NWA staff; and CHC consultants. 
  • Oversee, in conjunction with the Chief Credit Officer, pipeline and workflow management including tracking stages of active and pending loan applications. 
  • Manage loan participations with third parties and seek and maintain relationships with potential participants. 
  • Act as a control point in the loan approval process to ensure adherence to credit policies and loan covenants.

Loan Underwriting and Analysis

Primary responsibility for organization and project analysis and underwriting in support of loan origination. This includes the preparation of credit memos in collaboration with Loan Officers and consultants to provide:

1) an analysis of the financial condition and other strengths/weaknesses of sponsors/developers;
2) assessment of the viability of loan requests including sources of repayment, development budgets/proformas, collateral and proposed loan structure, and ability to fully analyze the identified repayment source. Credit Underwriter will make recommendations as needed.
3) An analysis and evaluation of risks and mitigating factors and recommend action on loan requests under established risk rating and credit policy guidelines.
4) Well-written, accurate and organized loan presentations in a timely manner.

Portfolio Management

  • Maintain credit quality through monitoring compliance with loan covenants, reviewing borrower reports, and conducting site visits if needed.
  • Review the results of the quarterly project reporting process and address issues raised therein.
  • Conduct annual loan reviews as per defined targets including an analysis of project status and borrower financial statements. 
  • Make recommendations to the Credit Quality Committee regarding adjustments to risk ratings and possible courses of action to mitigate risk. 
  • Assist with management of maturing and potential or actual problem loans.

Business Development

  • In conjunction with the CLO and CCO research and help to develop new potential lending products.
  • Assist Loan Officers and senior management in business development activities and strategies including professionally representing CHC at NWA training and other industry conferences, preparing informational material on loan products, and assisting staff in the development of material for use in newsletters, brochures, etc. 
  • Loan Closings – work with counsel to close loans in a timely manner, including negotiating terms and reviewing due diligence items and loan documents.
  • Assist with additional duties and projects as assigned.

Physical Requirements/Work Environment

  • Sit, stand and walk regularly; talk and hear regularly; ability to see objects up close or at a distance, use peripheral vision, identify basic colors; use of hands/ability to reach; normal office environment; travel may be required.
  • 25-30% Travel is required to perform on-site loan reviews.


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