LEAN/MAP (HUD) Loan Underwriter
McLean, Virginia, United StatesContractMiddle
Salary not disclosed
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Job Details
- Experience
- At least four years
Requirements
- A bachelor’s degree in finance, business or similar program
- At least four years of FHA underwriting experience
- Experience processing Residential Healthcare loans
- Approved MAP or LEAN Underwriter
- Strong knowledge of real estate and mortgage finance terminology and concepts
- Excellent analytical skills
- Technical writing skills (including grammar, editing, and proofreading skills to draft underwriting narratives and loan committee packages)
- Ability to prioritize tasks with strong time management skills
- Strong organizational skills
- Ability to work productively and accurately in a fast-paced environment with multiple projects and stringent deadlines
- Organized and detail oriented
- Critical thinking and problem-solving skills
Responsibilities
- Review, analyze, or conduct underwriting due diligence for residential healthcare facilities
- Review appraisals of residential healthcare facilities
- Review physical condition reports of residential healthcare facilities
- Review credit histories and determining credit worthiness of multifamily borrowers, operators, and/or management agents
- Review financial statements of properties and participants
- Review quality of care issues/professional liability insurance in residential healthcare facilities
- Review new and renewal loan applications to facilitate and ensure their compliance with HUD’s lending guidance per the Multifamily handbook
- Underwrite complex transactions with complicated borrower structures and unique property or market characteristics
- Monitor a loan pipeline and promptly complete underwriting review of new loans and resubmittals
- Work in a team environment with other underwriters and closers to contribute to overall processing goals
- Work directly with lenders to ensure all loan documents are complete and shared in a timely manner
- Communicate analysis and conclusions in verbal and written formats for both technical and non-technical audiences
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