NEWMARK

FHA Underwriter

NEWMARK • $75K — $95K *
Denver, CO 80219In-Person
Finance & Insurance
Less than 5 years of experience
1 month ago
Job Overview by Ladders

Qualifications

  • B.S./B.A. in Accounting, Finance, Economics, Real Estate, or related field preferred
  • 3-5 years of HUD MAP underwriting experience required
  • Proven ability to analyze various financial documents
  • Strong knowledge of FHA guidelines and procedures
  • Willingness to travel nationally for inspections and meetings

Responsibilities

  • Analyze credit documents and assess financial feasibility of FHA loans
  • Evaluate key financial ratios and risk factors during underwriting
  • Identify and escalate potential risks throughout the underwriting process
  • Document loan conditions and communicate to borrowers
  • Generate loan summaries and present findings at internal committees
  • Manage a team of underwriters, ensuring quality and timeliness of work
  • Coordinate with closing officers for timely loan closing and commitments

Benefits

  • Opportunities for professional development and training
  • Flexible work environment
  • Supportive and collaborative team culture
  • Access to industry conferences and networking opportunities
  • Health, wellness, and retirement benefits
Full Job Description
Job Description

The FHA Underwriter will be responsible for underwriting and reviewing potential FHA/HUD loans to ensure that loan requests meet program specifications and financial feasibility based on review and analysis of Third-Party Reports, financials, mortgage analysis, and other credit documents. The FHA Underwriter will also be responsible for managing day-to-day activities of assigned Underwriting Team; Loan Coordinator(s) and Analyst(s) and providing guidance, support and direction throughout the underwriting process.

Responsibilities

Review, Analyze & Assess Risk (55%)
  • Analyze credit documents; mortgage applications, credit history and income documents, title documents, appraisals, environmental reports, capital needs report, cost and A/E reports and all applicable compliance documents.
  • Evaluate debt ratio, loan-to-value ratios, credit score, property valuation and various other factors throughout the underwriting process.
  • Identify portfolio risks resulting from Borrower's underlying business practices, underwriting and/or fraud exposure.
  • Identify risks early and throughout underwriting process, communicate concerns to Originator and escalate issues to Chief Underwriter in a timely manner.
  • Determine and document loan conditions and communicate requirements and rationale of decisions to Borrower.
  • Prepare and present at internal Loan Committee highlighting risks and mitigants prior to Pre-Application and Firm Application loan submission(s).
  • Generate Loan Summary Narrative, Third Party report reviews, and transmittal letters.
  • Complete and Review 92013, 92664, 92273, 92274, 92264a, and other various HUD forms.
  • Present Underwriting conclusions to HUD at required Concept Meetings and other related transactional meetings, as necessary.
  • Conduct Lender's physical inspection site visits as part of underwriting due diligence and accompany Third Party Consultant and / or HUD personnel, as necessary.

Manage Underwriting Team (25%)
  • Participate in FHA pipeline management meetings to communicate project status updates; request additional resources as needed.
  • Manage and support members of Underwriting Team including work pace, quality of work and timeliness. Regularly attend FHA Department meetings to support/ supervise members of the assigned Underwriter Team.
  • Take an active role in identifying potential challenges within the underwriting process/department and make recommendations for improvements.

Firm Commitment, Rate Lock & Loan Closing (10%)
  • Work in coordination with Newmark Closing Officer to address Firm Commitment Special Conditions and ensure required documents are complete and updated as necessary for an expeditious closing process.
  • Prepare Amendment requests in coordination with the Closing Officer.

Research and Compliance (10%)
  • Identify and evaluate Third Party providers (Appraisal, Market Analyst, PCNA, Cost and A/E reports).
  • Coordinate timely engagement of Third Parties including verifying funds on hand and initial documents requested are available.
  • Professionally communicate the results of file reviews both verbally and in written format internally and to external customers.
  • Review and apply new information received regarding HUD and underwriting guidelines, Newmark policies, and processing procedures including awareness of expiration dates of HUD forms.
  • Research HUD/FHA Handbook and Regulations as needed with strict adherence to all FHA policies and procedures.
  • Maintain knowledge of all applicable underwriting guidelines by completing all underwriter training programs and learning business unit and industry policy and/or guidelines.


Core Competencies:
  • Exceptional analytical skills with demonstrated ability to analyze data from various sources with accuracy and efficiency.
  • Strong written and oral communication skills are required, and an ability to explain complex financial concepts to a non-technical audience.
  • Demonstrated ability to work independently and to follow through on details to completion.
  • Experience in a fast paced and changing environment - ability to prioritize and manage multiple projects with competing deadlines.
  • Excellent time management skills.
  • Highly self-motivated and able to manage an Underwriting Team.
  • Ability to maintain professional internal and external relationships that meet company values.
  • Strong PC skills and solid experience in standard Microsoft products, particularly Excel, are essential.
  • Ability to use basic office equipment frequently (printers, copiers, scanners, handheld devices).


Qualifications

Qualifications & Requirements:
  • B.S./B.A. degree in Accounting, Finance, Economics, Real Estate or other related fields preferred.
  • Minimum of 3-5 years of underwriting experiencewith HUD MAP Underwriter approval required.
  • Ability to travel nationally on a regular basis to fulfill the requirements of this job, including but not limited to; project related meetings, site inspections, and industry conferences.

About NEWMARK

Newmark designs, builds and sells single-family homes in five major markets within the Southwest and Southeast United States, including Houston, Austin, Dallas/Fort Worth, Miami/Ft. Lauderdale and, most recently, Nashville. Each of these markets has experienced population and job growth above the national average over the past several years. The Company operated in 49 subdivisions in these metropolitan areas, and had 444 homes under construction at December 31,1997. In addition, as of December 31, 1997, the Company owned or had under option contract 2,020 lots available for future growth. The Company is also actively engaged in residential land acquisition and development, which enables it to provide lots for its homebuilding operations.

NEWMARK Careers

Joining NEWMARK offers a unique opportunity to become part of a dynamic team that drives innovation and leadership in the industry. NEWMARK, a leader in its field, is renowned for fostering professional growth and embracing diversity through comprehensive diversity training programs.

Explore Job Opportunities

NEWMARK is constantly seeking skilled professionals eager to contribute to a team that values innovation and expertise. With a variety of job opportunities available, candidates can find positions that match their skills and career aspirations. NEWMARK is committed to hiring top talent to maintain its status as an industry leader.

Experience Professional Growth

At NEWMARK, career growth is not just a possibility, but a priority. The company supports its team members with resources and opportunities to advance professionally. Through targeted leadership programs and regular skills development workshops, employees at NEWMark are equipped to take on new challenges and elevate their careers.

Internship Programs

For those starting their careers, NEWMARK’s internship programs offer a gateway into the industry with hands-on experience and valuable networking opportunities. Interns at NEWMARK gain insights into the company’s operations and contribute to meaningful projects, setting a solid foundation for future employment.

Cultivating a Diverse and Inclusive Culture

NEWMARK is dedicated to creating an inclusive environment where diversity is celebrated. The company’s commitment to diversity training ensures that all team members feel valued and understood. NEWMARK’s culture is one of its greatest strengths, fostering a workplace where innovation thrives through diverse perspectives.

Benefits and Perks

Employees at NEWMARK enjoy a comprehensive benefits package that supports both their professional and personal lives. From health and wellness programs to flexible working arrangements, NEWMARK ensures that team members have what they need to succeed.

Join the NEWMARK Team

NEWMARK is actively hiring and looking for individuals who are passionate, curious, and driven. Explore open positions, submit a resume, and prepare for an interview process designed to identify true potential. NEWMARK values solution-driven team players who are ready to contribute to the company’s success.

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Learn more about NEWMARK
Size
251 employees
Industry
Real Estate & Construction
* Ladders Estimates

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