LEAN/MAP (HUD) Loan Underwriter

Job Description

The Loan Underwriting Analyst position will perform underwriting due diligence reviews of loans for residential care facilities, assisted living facilities, and skilled-nursing facilities in support of the U.S. Department of Housing and Urban Development's (HUD's) Office of Healthcare Programs.

Responsibilities

• Review, analyze, or conduct underwriting due diligence for residential healthcare facilities to include review of: Appraisals of residential healthcare facilities, Physical condition reports of residential healthcare facilities, Credit histories and determining credit worthiness of multifamily borrowers, operators, and/or management agents, Financial statements of properties and participants, 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

Requirements

• A bachelor's degree in finance, business or similar program
• At least four years of FHA underwriting experience, with experience processing Residential Healthcare loans
• Must be an approved MAP or LEAN Underwriter
• Strong knowledge of real estate and mortgage finance terminology and concepts
• Excellent analytical skills and 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
• 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

Benefits

• Health Care Plan (Medical, Dental & Vision)
• HSA, FSA, and Commuter Benefits
• Life Insurance (Basic, Voluntary & AD&D)
• Retail or Hybrid Work