State of Maryland


- Hourly / - BiWeekly /
- Monthly / $53,214.00-$85,398.00 Yearly




A Loan/Insurance Underwriter II, Multi-Family is the full performance level of work evaluating the risk involved in granting loans or insurance for multi-family housing or commercial projects. Employees in this class do not supervise.

Employees receive general supervision from a Loan/Insurance Underwriter Supervisor, Multi-Family or other administrative personnel.

The Loan/Insurance Underwriter Trainee, Loan/Insurance Underwriter I, Multi-Family and Loan/Insurance Underwriter II, Multi-Family are differentiated on the basis of degree of supervisory control exercised by the supervisor over these employees. The Loan/Insurance Underwriter Trainee learns to perform duties under close supervision, the Loan/Insurance Underwriter I, Multi-Family performs duties under close supervision at times and under general supervision at other times depending on the complexity of the specific duty being performed and the Loan/Insurance Underwriter II, Multi-Family performs the full range of duties under general supervision. The Loan/Insurance Underwriter II, Multi-Family is differentiated from the Loan/Insurance Underwriter Lead, Multi-Family in that the Loan/Insurance Underwriter Lead, Multi-Family assigns, reviews and approves the work and trains lower-level Loan/Insurance Underwriters, Multi-Family.


Reviews and analyzes project information, including cash flow and debt service computations and cost certification, to determine if buyer, property and loan conditions meet State standards;

Reviews applications for compliance with Federal and State rules and regulations, and program emphasis;

Determines the amount of funding needed by applicants to secure mortgage loans or insurance for multi-family housing projects;

Analyzes feasibility of project, including market area competition or saturation, and income restrictions of buyers or renters.

Performs underwriting analysis to determine acceptability and degree of risk of projects to the State or private lenders;

Recommends approval or denial of underwriting requests based on financial risk to State or private lenders; Monitors construction draws and sales of approved projects;

Devises plans to avert or minimize losses to the State or private lenders on guaranteed loans or insurance;

Acts as liaison with private lenders to explain State program requirements for multi-family housing mortgage loans or insurance;

Prepares status reports on project information for supervisors;

May conduct lender training;

May assist in developing procedures to improve and facilitate loan processing for multi-family housing projects;

Performs other related duties.


Knowledge of mortgage loan and mortgage insurance analysis and evaluation;

Knowledge of Federal and State housing programs;

Knowledge of real estate law;

Knowledge of financial and accounting practices;

Skill in evaluating the risk involved to the State or private lenders in granting loans or insurance for multi-family housing or commercial projects;

Skill in evaluating debt service coverage, real estate sites and real estate markets;

Skill in interpreting financial statements;

Skill in using computerized spreadsheet applications and software;

Ability to perform arithmetic calculations;

Ability to develop and present reports, analyses and recommendations;

Ability to establish and maintain effective working relationships with agency asset management officers, developers, bank officials, attorneys, equal opportunity officers, local government officials, and Federal housing department staff.


Education: A Bachelor's Degree in Business Administration, Management, Finance or related field.

Experience: Two years of experience evaluating the risk involved in granting loans or insurance for multi-family housing or commercial projects.

Note: 1.  Additional experience as described above may be substituted on a year-for-year basis for the required education.

2. Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer in loan specialist classification or loan specialist specialty codes in the loan specialist field of work on a year-for-year basis for the required experience and education.





Class specifications are broad descriptions covering groups of positions used by various State departments and agencies. Position descriptions maintained by the using department or agency specifically address the essential job functions of each position.

Date Established

Oct 1 1996 12:00AM

Date Revised

Jan 1, 2015


Approved By

Director, Division of Classification and Salary

CLASS: 001733; EST: 10/1/1996; REV: 1/1/2015;

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