What are the responsibilities and job description for the CRA Debt & Equity Underwriter position at Ally Financial?
Ally’s CRA team is a highly specialized group within the Bank dedicated to positively impacting communities through CRA‑qualifying loans, investments, and services. While compliance with the CRA is a regulatory requirement for all FDIC‑insured banks, at Ally it is a purposeful effort. The team runs a portfolio that supports affordable housing, community services, economic development, and neighborhood revitalization.
The Underwriter - CRA structures and underwrites affordable housing debt and equity transactions from screening through closing, prepares and presents credit approval documentation through Ally’s internal process, and partners with internal collaborators to deliver loans or investment proposals with strong credit underwriting, while balancing risk, return and community impact objectives.
At this time, Ally will not sponsor a new applicant for employment authorization for this position.