Senior Underwriter

The Senior Underwriter at Front Porch Investments 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.

Essential Responsibilities

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

• 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 Senior Loan Officer 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.