HCD COMMUNITY PROGRAM ADMINISTRATOR I (088987) Loss Mitigation Asset Management Officer

About the role

The Maryland Department of Housing and Community Development (DHCD) has an immediate opening for an HCD Community Program Administrator I, Loss Mitigation Asset Management Officer in the section of the Division of Credit Assurance. The Department's mission is to encourage homeownership and ensure the careful use of DHCD's financial resources. The Division of Credit Assurance (DCA) aims to maintain low delinquency rates in our single-family portfolio while helping borrowers remain in their homes.

Responsibilities

• Perform compliance audits of contract servicers mortgage servicing activities under federal and state regulations for DHCD's single-family portfolio
• Oversee collections and loss mitigation protocols for MHF-insured bond-funded loans, conventionally insured bond-funded loans, and uninsured State-funded loans
• Provide customer service and counsel mortgagors on loan obligations
• Evaluate loss mitigation applications
• Oversee foreclosure and tax sales to mitigate DHCD's financial risk

Minimum Qualifications

Education: A Bachelor's degree from an accredited college or university.

Experience: Four years of administrative or professional experience to include one year of financing experience or providing technical assistance for development or rehabilitation of multifamily or single family housing; neighborhood revitalization and business development; community infrastructure development; or historic preservation programs.

Substitutions:

• Candidates may substitute additional administrative or professional experience as defined above on a year-for-year basis for the required education
• Candidates may substitute additional job-related education at a rate of thirty credit hours for each year of experience for up to two years of the required experience
• Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer in business and industry classification or business and industry specialty codes in the housing management field of work on a year-for-year basis for the required experience and education

Desired or Preferred Qualifications

• Experience in reading financials, understanding tax credits, performing underwriting, and researching credit ability
• Experience with customer service collections including debt collection and debt dispute
• Experience with loss mitigation including short sales, repayment plans, forbearance plans, DIL (Deed in Lieu of Foreclosure), and loan modifications

Pay

$71,805 - $80,868/year, with potential for advancement up to $113,243 based on qualifications, equity, and hiring guidelines. Initial salary offers are determined by qualifications, experience, and available budget, and typically do not exceed $80,868/year.

Location

7800 Harkins Road, Lanham, MD 20706. Within walking distance from the New Carrollton Metro, MARC, and Amtrak Station.

Schedule

Full-time State of Maryland position with flexible work schedules, telework, job sharing options, training, advancement, career path opportunities, and casual business dress on Fridays.

Benefits

This is a Skilled Service position with full State of Maryland Benefits.