Senior Underwriter

Date Posted:

NeighborWorks Capital is expanding, reaching more NeighborWorks Organizations with our financing solutions, and is hiring for its Lending Team, to fully implement of our Five-Year Strategic Plan that will result in the doubling of our lending impact. We are looking for energetic and motivated teammates who want to work in partnership with dynamic nonprofit affordable housing developers to achieve ambitious community goals.


The Senior Underwriter is a career track position. We intend to provide relevant training opportunities and resources to build on the Senior Underwriter’s prior financial and real estate underwriting experience. With exceptional performance, a demonstration of quick-learning, and the ability to work independently, NC intends to provide future career advancement opportunities within the Lending Team for this position.    

The Senior Underwriter is responsible for supporting NeighborWorks Capital’s Senior Loan Officers. The Senior Underwriter is responsible for evaluating, underwriting, and presenting new loan requests by obtaining loan application materials from potential borrowers; reviewing and analyzing financing statements, project budgets, property operations, and development plans; updating internal information systems; and drafting partial or full credit memoranda for presentation and approval. The Senior Underwriter will report to the Chief Lending Officer and provide information and recommendations to the Senior management team, Loan Committee, and Board of Directors.

Reports to Chief Lending Officer

  • Full-time, exempt status
  • Remote position from home or local office, must have ready-access to regional/major airport
  • Evidence of full COVID-19 vaccination required

Printable version available here

Duties and responsibilities

Loan Underwriting and Analysis

  • Support Loan Officers by collecting loan application materials and thoroughly evaluating  feasibility of development plans and likelihood of obtaining repayment sources; examining property operations; gauging sponsor financial strength and management capacity; reviewing appraisals, environmental reports, market analyses, construction cost reviews, property condition reports, and site inspections.
  • Analyze financial statements of nonprofits and property operations for rental housing and community facilities.
  • Find and engage third-party report vendors (appraisers, property and construction inspectors, e.g.) and review submitted reports.
  • Prepare pro forma cash flow analyses, stress tests, and collateral assessments with commentary in evaluation of loan requests.
  • Maintain thorough and organized underwriting files for loans in process.
  • Assist Loan Officers in drafting credit memoranda for submission to the Chief Lending Officer, CEO, and Loan Committee.

Customer Relationship Management

  • Attend NeighborWorks network and industry conferences and events to represent NeighborWorks Capital in business development and customer relationship-enhancing activities.
  • Maintain communications with customers and NeighborWorks America relationship managers.


  • Work collaboratively in a team environment with shared goals and participate in joint problem solving; willingly cooperate with co-workers
  • Proactively induce borrowers to deliver timely information when needed
  • Meet many deadlines while managing multiple customers’ needs
  • Maintain flexibility and adaptability to change
  • Come to meetings prepared, honor work commitments, meet deadlines
  • Communicate and listen courteously and effectively with others – deal with issues directly, in a respectful and timely manner, focus on resolving the issue while not criticizing the person
  • Other projects as assigned


The ideal candidate will possess most, if not all, of the following qualifications and experience:

  • Commitment to affordable housing and community development, and to improving low-income communities
  • At least three (3) years of progressively responsible work experience with financial analysis and commercial real estate lending, with a CDFI (preferred) or commercial financial institution
  • Undergraduate degree in business, finance, economics, or accounting preferred but not required. Previous relevant work experience will be considered.
  • Knowledge and experience with affordable housing finance, community development finance, and nonprofit development organizations will be beneficial for this position
  • Demonstrated ability to prepare clear, accurate, well-organized written and financial reports and to communicate verbally in an effective manner
  • Proficient in Microsoft Office applications, advanced Excel skills, and willingness to expand skills base, especially with customer relationship management applications
  • Self-starter, ability to work independently and as well as collaboratively in small teams in a mission-focused organization
  • Capacity to prioritize multiple tasks to meet customer deadlines while ensuring credit integrity
  • Occasional travel within U.S. required (10%), including to Maryland headquarters
  • Fluent in English
  • Possess valid U.S. driver’s license and capable of driving for periodic local site visits.


Annual salary range of $85,000 to $100,000, plus excellent employer-paid benefits package that includes medical, dental, vision, 11 paid holidays, PTO & sick leave, life insurance, disability, 6% contribution of eligible salary to 401(k), transportation subsidy, matching contribution plan to eligible nonprofits, and bonus potential up to 10% of salary.

How to Apply

Please submit letter of interest, resume, and salary requirements to

Salary requirements must be provided in order to be considered. No phone calls, please.

Due to the nature of this position, background checks (including verification of education and employment, as well as criminal record) and credit checks will be conducted as a condition of employment.

NeighborWorks Capital (“NC”) is an Equal Opportunity Employer. It is NC’s commitment to treat all its employees and candidates for employment with dignity and respect and to provide a workplace that is free from discrimination, whether that discrimination is based on race, color, religion, sex, national origin, disability, political affiliation, marital status, membership in an employee organization, age, sexual orientation, gender identity, pregnancy, or other non-merit factors. NC is committed to diversity and inclusion; and our goal is to have a workforce that is representative of the communities we serve.

About NeighborWorks Capital

NeighborWorks® Capital (NC) is a national community development financial institution (CDFI) that serves the real estate financing needs of the 250 members of the NeighborWorks® America network located across the United States. Its current capitalization is $155 million with more than $115 million in loans outstanding nationwide. NC is based in Silver Spring, MD and provides loans to the members of this network that undertake real estate development projects beneficial to their communities, including affordable rental, for-sale housing, and commercial projects. NC is a certified CDFI and is rated by Aeris Insight™.

NC’s loan portfolio includes short-term unsecured loans for predevelopment costs, acquisition of sites and properties, construction or rehabilitation, permanent and mini-perm loans for multifamily and commercial, lines of credit, and organizational/enterprise financing. NC is implementing its Five- Year Strategic Plan that includes continued growth in lending impact and development of new products that will result in the doubling of the loan portfolio. This is an exciting time to join the NC team to address the shortage of affordable housing in communities across the country.