VP & Senior Underwriter

Department:

HUD Underwriting

We are Walker & Dunlop.  We are one of the largest providers of capital to the commercial real estate industry, enabling real estate owners and operators to bring their visions of communities — where people live, work, shop, and play — to life. We are committed to creating meaningful social, environmental, and economic change in our communities.

Department Overview

Our FHA Finance experts work with borrowers to obtain a HUD-insured loan on multifamily and senior housing properties. The department is comprised of production and underwriting staff. The production staff is in a sales role working with clients to originate loan opportunities. Once a loan is engaged, the underwriting staff works with the client to prepare an application to HUD and identify strengths and weaknesses of a loan, putting appropriate mitigants into place. Once the application is submitted, the W&D FHA Team works closely with HUD staff as they review the application, issue a commitment to insure and ultimately close the loan. W&D is the #2 overall HUD lender in FY 2024, and the #4 overall HUD construction loan lender.

The Impact You Will Have

The VP, Senior Underwriter position is critical to supporting multifamily property owners through the financing process.  The VP, Senior Underwriter will provide valuable real estate finance expertise and contribute to the successful development and long-term stability of multifamily assets.  As a VP, Senior Underwriter, you will play a pivotal role in guiding multifamily property owners through the financing process. Your expertise in real estate finance will help structure sound transactions, mitigate risks, and ensure compliance with agency standards. By delivering thoughtful analysis and informed recommendations, you will contribute directly to the successful financing, long-term performance, and stability of multifamily communities.

Primary Responsibilities

• Review and analyze mortgage credit, financial capacity, and experience of principals, sponsors, and contractors.
• Evaluate third-party reports, site inspections, lease audits, and market conditions to confirm risk and eligibility in line with HUD guidelines.
• Assess property-level factors including management, zoning, title, insurance, operating history, occupancy, and subsidy/payor sources.
• Prepare comprehensive underwriting narratives and HUD forms; present transaction strengths, risks, and mitigants to the Loan Committee.
• Communicate with borrowers, correspondents, and third-party vendors to clarify information, resolve issues, and obtain documentation.
• Conduct file reviews to ensure accuracy, completeness, and compliance; apply best practices to improve underwriting efficiency.
• Raise unresolved issues with facts, options, and recommended solutions to the next level of review.
• Maintain current deal data in Salesforce, Box, and Deal Manager, ensuring accuracy, timeliness, and adherence to protocols.
• Set and monitor timelines for Analysts/Senior Analysts to ensure milestones and submissions are met ahead of expiration dates.
• Provide guidance and oversight to Analysts/Senior Analysts, ensuring work quality, timely submissions, and professional development support.
• Support audits, application submissions, and related compliance processes, ensuring timely resolution of outstanding issues.
• Demonstrate proficiency with HUD Guides, Notices, Handbooks, and other resources; research and apply requirements as needed.
• Participate in team training sessions and knowledge sharing; pursue a structured training plan to expand expertise (e.g., healthcare, affordable housing, management).
• Travel as needed for inspections, borrower meetings, and stakeholder engagement.
• Perform other duties as assigned.
• Attendance is generally required from 8:30 am – 5:30 pm local time, Tuesday through Thursday, with the option to work remotely on Mondays and Fridays.

Education And Experience

• Bachelor’s degree or equivalent work experience.
• 7+ years of experience in commercial real estate finance; strong exposure to multifamily and healthcare loan products preferred.
• Direct supervisory or team leadership experience preferred.
• MAP and/or Lean Certification preferred.

Knowledge, Skills and Abilities

• Strong underwriting expertise in multifamily and healthcare, including sponsor analysis, credit evaluation, property operations, and market assessment.
• Proven analytical skills with the ability to assess data quickly, structure transactions, and recommend solutions based on incomplete information.
• Excellent interpersonal, communication, and presentation skills; able to engage effectively with stakeholders at all levels.
• Demonstrated problem-solving ability and a track record of driving innovative solutions to complex issues.
• Knowledge of FHA/HUD programs preferred.
• Proficiency in Microsoft Excel and Word; experience with BI tools (e.g., Power BI, Tableau) a plus.
• Commitment to collaboration, professionalism, and respect in partnering with colleagues and external stakeholders.
• Courtesy, respect, and thoughtfulness in teaming with colleagues and other stakeholders.

This position has an estimated base salary of $125,000 - $140,000 plus a discretionary bonus. An employment offer is based on the applicant’s relevant work experience, applicable knowledge, skills, abilities, internal equity, and alignment with market data.

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What We Offer

• The opportunity to join one of Fortune Magazine’s Great Places to Work winners from 2015-2023 

• Career Development Opportunities

• Empowerment and encouragement to give back – volunteer hours and donation matching 
• Comprehensive benefit options* that have earned Walker & Dunlop the silver level of the 2022 Cigna Healthy Workforce Designation™, some of which include:
•   - Up to 83% subsidized medical payroll deductions
•   - Competitive dental and vision benefits
•   - 401(k) + match
•   - Pre-tax transit and commuting benefits
•   - A robust health and wellness program – earn cash rewards and gain access to resources that
•     promote health, engagement, and balance
•   - Paid maternity and parental leave, as well as other family paid leave programs
•   - Company-paid life, short and long-term disability insurance
•   - Health Savings Account and Healthcare and Dependent Care Flexible Spending 

 
*Eligibility may vary based on average number of hours worked 

Eeo Statement

We are committed to equity in all steps of the recruitment and employment experience. We believe in equal access to opportunities in our workplace. We do not tolerate discrimination, including harassment, based on any characteristic protected by applicable law, such as race, color, national origin, religion, gender identity, sexual orientation, sex, age, disability, veteran or military status, and genetic information, or any other characteristic protected by applicable law. We strive to be a safe place to ask questions, build professional relationships, and develop careers.

SPAM
Please be wary of recruitment scams. An indication of a scam might be a request for sensitive or bank information at the time of application or emails coming from a non walkerdunlop.com email address. Please call us at 301.215.5500, if you have any concerns about information requested during or after the application process.

Fair Chance Hiring

Background checks, including any questions related to infractions, arrests, or conviction records, will not be conducted until after a conditional offer of employment has been accepted. We will consider for employment qualified applicants regardless of arrest and conviction records, in accordance with federal, state, and local laws.