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LOAN/INSURANCE UNDERWRITER II, MULTI-FAMILY

Underwriter (078523)

Recruitment #18-001733-0001

Introduction

 

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.

GRADE

18

LOCATION OF POSITION

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.

POSITION DUTIES

The Loan Underwriter is a highly proficient Underwriter within Multifamily Housing. The individual in this position is responsible for evaluating requests for financing for multifamily rental housing projects, including federal low income housing tax credit, transitional housing, shelters, rental preservation, and single room occupancy projects. This includes 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 financing programs. The types of projects reviewed will generally consist of over $5 million in total costs; 50 or more units; two or more sources of financing, moderate to high risk factors; and fixed rate or deferred loans.

MINIMUM QUALIFICATIONS

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.

 

DESIRED OR PREFERRED QUALIFICATIONS

  • Federal Low-Income Housing Tax Credit or related federal investment tax credit programs
  • Affordable rental housing preservation programs
  • FHA-insured multifamily housing insurance programs
  • Taxable and tax-exempt bond financing programs
  • Energy efficiency programs for affordable multifamily housing, and disability or supportive housing

LICENSES, REGISTRATIONS AND CERTIFICATIONS

Employees in this classification may be assigned duties which require the operation of a motor vehicle. Employees assigned such duties will be required to possess a motor vehicle operator's license valid in the State of Maryland.

SELECTION PROCESS

Please provide sufficient information on your application to document that you meet the minimum qualifications for the 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. 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. 

EXAMINATION PROCESS

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

BARGAINING UNIT STATUS

The incumbent in this position is a member of a covered bargaining unit and will be required to pay a bi-weekly service fee to the exclusive representative of the bargaining unit.

BENEFITS

FURTHER INSTRUCTIONS

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

Christopher Scriber, 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 email to dhcd.careers@maryland.gov.

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

Attn: Christopher Scriber, 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 301-429-7414. 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.