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Position Summary Reporting to the FHA Chief Underwriter or a Director, the Analyst/Associate is responsible for assisting and supporting loan production functions, including: financial compilations; review of third party reports; underwriting analysis; preparation of sections of the underwriting narrative; processing loan exhibits; document collection and transmittal; and, client relations. Support underwriting staff working on a pipeline of complex Multifamily/Affordable MAP transactions. Work directly with underwriters/loan originators and clients as necessary throughout the due diligence process. Essential Job Functions
Assists underwriting staff throughout the due diligence process. The FHA Processor/Analyst's will be assigned a pipeline of transactions working directly with FHA underwriter in an effort to see deals through the MAP underwriting process.
Processing, including detailed review of all third-party reports associated with each transaction type and completing sections of the underwriter narrative.
Early identification of processing/underwriting issues and risks.
Ability to perform all production duties of FHA Loan Processing.
Analysis of investment real estate organizational documents, financial statements, rent rolls, evidence of site control, mortgage credit, and other finance related exhibits used in connection with preparing an application package.
At times performing project and comparable property inspections as assigned.
Maintains Closer system with status of assigned transactions.
Completion of closing handoff requirements and coordination with closing and asset management as needed.
Provides guidance and assistance on loan proposals, as needed. Participate in ad hoc internal committees.
Process a pipeline of complex multifamily and affordable housing transactions.
Develops and maintain strong relationships with FHA/ HUD offices and counterparts.
Performs other duties and projects as assigned.
Education Bachelor's degree in Accounting, Finance, Economics, and/or related field required. Experience and Qualifications
Minimum of one to two years of Multifamily experience with the FHA 221 (d) 4 loan program and familiarity with construction lending practices is desirable. Associate must have three to four years minimum experience.
Knowledge of the FHA processing and underwriting standards and requirements.
Demonstrated significant FHA MAP multifamily processing experience is required with MAP Approval. HUD 232/LEAN experience is desirable, but not required.
Familiarity with affordable housing policies and underwriting practices ideal.
Ability to manage effectively management a pipeline of complex multifamily transactions.
Must be able to prioritize at a high level.
Ability to read, analyze, and interpret complex documents and provide succinct credit decisions with the necessary support for those decisions.
Ability to respond effectively to the most sensitive inquiries or complaints.
Ability to succinctly and accurately present information and respond to questions from borrowers, employees, and executive level management.
Strong writing ability.
Strong analytical abilities to grasp complex transactional issues and assess risk.
Other Skills Requires a self-motivated, team player who has strong attention to detail and ability to prioritize in a fast-moving environment, and comfortable interacting with all levels of management. Ability to work independently while functioning as part of a team with excellent verbal and written communication skills. Must desire to work in a high-energy environment with a dedicated commitment to excellence. Collaborative, team-oriented, service-oriented. History of effective multi-tasking, expectation setting, escalation of issues, where appropriate. Focused attention to detail and high standards for quality and accuracy in his/her work product. A great attitude and strong work ethic.