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NBW- Loan Underwriter

Recruitment #18-001733-0005


This is a contractual position with limited State of Maryland benefits.

Work that Matters! The Maryland Department of Housing and Community Development is a national leader in the development of affordable housing and community development lending. We are proud to be at the forefront in implementing housing policies that promotes and preserves homeownership and creating innovative community development initiatives to meet the challenges of a growing Maryland.

The Business Lending Division is growing with estimated annual lending volume to reach $50 million per year by 2019.  Due to this substantial growth, the Business Lending Division has an opening for a Business Lending Underwriter. The projects reviewed will generally consist of commercial/retail real estate and mixed use real estate projects.  The Programs provides financial support to both For-Profit and Not-For-Profit businesses.  




7800 Harkins Rd Lanham, MD 20706 

The Department of Housing and Community Development's Headquarters Office is located in Prince George's County across from the New Carrollton Metro stop.


The qualified incumbent for this position will be responsible primarily for evaluating, analyzing, negotiating, and underwriting requests for Small Business lending.  The incumbent will assist with identifying other lending opportunities to assist in the promotion of other lines of business; such as energy efficiency and multi-family development.  The incumbent will also evaluate requests for financing for commercial revitalization projects that forward the Department of Housing and Community Development’s mission of supporting and retaining the growth of small businesses in Maryland.  This includes reviewing, processing, and underwriting applications; issuing reservation letters, commitments, and other correspondence; closing loans; determining compliance with regulations and guidelines and assisting in the preparation of monthly and annual reports on the status of the financing programs.

The incumbent must be able to handle multiple competing priorities under short timeframes. The ability to understand, direct, and analyze complex real estate transaction from application through construction start and lease-up, as well as to synthesize complex material into short, understandable memos and presentations is critical. 

Underwriters work in a “Team of Teams” establishing collaboration with multiple staff both within and outside the Business Lending Division. It is essential the incumbent possess excellent communications skills, a sense of ownership regarding project quality and timeliness, an ability to effectively collaborate across a broad range of disciplines and organizational units, and provide superior customer service to both internal and external clients.  Presentations before the Housing Finance Review Committee, the Neighborhood Business Works Loan Committee and the Board of Public Works are routine aspects of these positions.


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.


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. 


Two years of experience underwriting business and/or commercial real estate loans; including experience in evaluating all corporate and non-profit financial statements and tax returns and possess the ability to structure deals upwards of $5 million.


Experience in the Banking and/or Community Development Funding Institutions; including familiarity with the following Programs:

  • Small Business Administration Lending
  • Loan Guarantees and Credit Enhancements
  • Loan Participations
  • Energy Efficiency programs


Please provide sufficient information on your application to document that you meet the minimum qualifications for this recruitment. Unofficial transcripts, certifications or diplomas to document educational or certification qualifications are required. Educational credentials from foreign countries must be evaluated by an approved education review service. This evaluation must be submitted with your application. For further information, you may call International Consultants of Delaware, Inc. (302) 737-8715 or World Education Services Inc. 1-800-932-3897 or (202) 331-2925. Successful candidates will be placed on the employment (eligible) list for at least one year. Eligible list may be used to fill future vacancies of the same classification. Successful candidates must document eligibility to work in the U.S. upon hire. 

Please note: The Maryland Department of Housing and Community Development is not sponsoring new employees in application of the H-1B Visa at this time due to budgetary constraints. All applicants must be legally authorized to work in the United States under the Immigration and Reform Control Act of 1986. Federal regulations prohibit H1B Visa candidates from paying sponsorship fees, all sponsorship fees must be assumed by the potential employer.


The examination will consist of a rating of your education, training, and experience related to the requirements of the position.  You will be required to complete a qualifications supplement, and the rating is based on your application.  Therefore, it is important that you provide complete and accurate information on your application.  Report all experience and education that is related to these positions. 


Contractual employees who work for an agency covered under the State Employee and Retiree Health and Welfare Benefits Program (the Program), have a current employment contract and work 30 or more hours a week (or on average 130 hours per month) may be eligible for subsidized health benefits coverage for themselves and their dependents. As a contractual employee, you will be responsible for paying 25% of the premiums for your medical and prescription coverage, including any eligible dependents you have enrolled. The State of Maryland will subsidize the remaining 75% of the cost for these benefits. You can also elect to enroll in dental coverage, accidental death and dismemberment insurance, and life insurance, but will be responsible to pay the full premium for these benefits.

Leave may be granted to a temporary/contractual employee who has worked 120 days in a 12 month period. This leave accrues at a rate of one hour for every 30 hours worked, not to exceed 40 hours per calendar year.


Online applications are STRONGLY preferred. However, if you wish to submit a paper application, you may mail your application and materials to:

Richard Alsever, Department of Housing and Community Development, Office of Human Resources, 7800 Harkins Road Lanham, MD 20706.

All application materials must be received by the filing deadline. If you are unable to upload your transcripts into the system, please send via e-mail to

Please include the following information in the body of the email:

  • Attn: Richard Alsever, HR Generalist
  • Your First and Last Name
  • Recruitment #
  • Classification (Job Title) of Recruitment

Incorrect application forms, or resumes in place of the application, will not be accepted. If you are interested in the position and cannot apply online please fill out the revised paper application which can be found on JobAps.  For questions concerning this position, please call 301-429-7418.

TTY Users: call via Maryland Relay

We thank our Veterans for their service to our country and encourage them to apply.

As an equal opportunity employer, Maryland is committed to recruiting, retaining and promoting employees who are reflective of the State’s diversity.

Bilingual applicants are encouraged to apply.