Manager- Single Family Programs (Mortgage Finance)

Job Description

The Single Family Programs, Manager is a senior-level professional position with responsibility for managing multifamily operations of the Housing Opportunities Commission of Montgomery County. This position is responsible for supporting wealth creation in Montgomery County through HOC’s Strategic Plan. The incumbent is responsible for managing the operations of the single-family program operations. The single-family operations include the management of the Mortgage Purchase Program, down payment assistance programs, and coordinating the activities with Compliance, Legal, and Finance.

• Manage and oversee single-family operations of the Mortgage Finance Division, including interaction with internal and external stakeholders such as Trustee, Financial Advisor, Bond Counsel, Loan Servicers, Lenders, Realtors, HOC Staff, HOC Commissioners, local Government staff representatives, among others.
• Supervise single-family personnel.
• Develop and coordinate internal and external training and orientation programs related to HOC’s single-family mortgage programs.
• Evaluate current and new applicants for HOCs Mortgage Purchase Program.
• Responsible for the preparation of quarterly reports to the Commission.
• Act as subject matter expert regarding single-family mortgage activities and programs, including mortgage-backed securities.

Experience

• At least Ten years of progressively responsible experience in single-family mortgage operations, including underwriting, closing, and servicing, both in direct loans and mortgage-backed securities.
• Experience in mortgage finance with state and local finance agencies.

Education

• Graduation from an accredited college or university with a Bachelor's degree in either Finance, Investments or in a related field.
• An equivalent combination of education and experience may be accepted.

Low-income Residents

• Low-income residents in Montgomery County with the above qualifications are encouraged to apply.

Knowledge, Skills and Abilities

• Knowledge of the various sources for financing real estate.
• Knowledge of bonds and the bond market.
• Knowledge of appraisal practices.
• Knowledge of underwriting practices.
• Knowledge of local, state and federal housing programs.
• Ability to perform financial analysis, development and operating budgets of housing developments, and prepare and develop reports for the Commission or for storage of appropriate data.
• Ability to plan and direct the activities of others.
• Ability to communicate clearly both orally and in writing.
• Ability to deal with people tactfully, effectively and equitably with people.

Pay

Grade 28 - Min: $86,412 / Mid: $116,527 / Max: $146,641 | Salary determined by departmental budget - Offer commensurate with experience .

Benefits

HOC is an equal-opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, gender reassignment, citizenship, immigration status, protected veteran status, or any other basis prohibited under applicable federal, state or local law. HOC promotes a drug-free workplace.

Application Instructions

HOC conducts criminal background checks, employment reference checks, and where applicable, reviews driving records in determining suitability for employment. Selected applicants will be required to submit to pre-employment drug and alcohol screening. Employment is contingent upon drug and alcohol test results.