Job Description The Loan Underwriting Analyst position will perform underwriting due diligence reviews of loans for residential care facilities, assisted living facilities, and skilled-nursing facilities in support of the U.S. Department of Housing and Urban Development's (HUD's) Office of Healthcare Programs.
Responsibilities- Review, analyze, or conduct underwriting due diligence for residential healthcare facilities to include review of:
- Appraisals of residential healthcare facilities,
- Physical condition reports of residential healthcare facilities,
- Credit histories and determining credit worthiness of multifamily borrowers, operators, and/or management agents,
- Financial statements of properties and participants,
- Quality of care issues/professional liability insurance in residential healthcare facilities.
- Review new and renewal loan applications to facilitate and ensure their compliance with HUD's lending guidance per the Multifamily handbook
- Underwrite complex transactions with complicated borrower structures and unique property or market characteristics
- Monitor a loan pipeline and promptly complete underwriting review of new loans and resubmittals
- Work in a team environment with other underwriters and closers to contribute to overall processing goals
- Work directly with lenders to ensure all loan documents are complete and shared in a timely manner
- Communicate analysis and conclusions in verbal and written formats for both technical and non-technical audiences
Requirements- A bachelor's degree in finance, business or similar program
- At least four years of FHA underwriting experience, with experience processing Residential Healthcare loans
- Must be an approved MAP or LEAN Underwriter
- Strong knowledge of real estate and mortgage finance terminology and concepts
- Excellent analytical skills and technical writing skills (including grammar, editing, and proofreading skills to draft underwriting narratives and loan committee packages)
- Ability to prioritize tasks with strong time management skills
- Strong organizational skills
- Work productively and accurately in a fast-paced environment with multiple projects and stringent deadlines.
- Organized and detail oriented
- Critical thinking and problem-solving skills.
- Accepting 1099 contractors
Benefits- Health Care Plan (Medical, Dental & Vision)
- HSA, FSA, and Commuter Benefits
- Life Insurance (Basic, Voluntary & AD&D)
- Retirement Plan (401k, IRA)
- Paid Time Off (Vacation, Sick & Public Holidays)
- Short-Term & Long-Term Disability
- Remote or Hybrid Work
