Underwriter IV- Affordable (Agency)

Overview At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. We work together each day to foster an inclusive workplace culture where all of our employees feel respected, valued and have an opportunity to contribute to the company’s success. Qualifications: • Solid foundation with regulations and requirements of Fannie Mae and Freddie Mac required. • 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.   This position may be eligible for remote work in select geographic locations, subject to approval by PNC. If approved, work must be conducted from a quiet, secure, and confidential home-based workspace. Occasional in-office participation may be required based on business needs. PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.

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