LOAN/INSURANCE UNDERWRITER II, SINGLE FAMILY [062799]

Work that Matters. The Maryland Department of Housing and Community Development (DHCD) is a national leader in the financing and development of affordable housing and community development lending.  As such, the primary function of the Community Development Administration is to encourage and support homeownership in Maryland. We are good but strive to be great.  To make this happen our team needs members that will challenge the status quo, effectively communicate ideas and issues, independently bring forth practical and efficient solutions, believe change is good and want to come to work knowing that what they do makes a difference in their neighborhood.

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Crownsville, Maryland

In the future, DHCD will be relocating from Crownsville, Anne Arundel County, to the New Carrollton transit stop location in Prince George’s County.

DHCD has an immediate opening for a Loan Underwriter II primarily in conjunction with the Maryland Mortgage Program products.  The Loan Underwriter in the Single Family Homeownership program: (1) evaluates the risk involved in providing financing for single family residential mortgages; (2) underwrites home ownership development projects for permanent mortgage funds; (3) reviews documentation on lender loans to determine compliance with federal, State and Program criteria, and mortgage revenue bond requirements; (4) audits files for compliance and quality assurance; and (5) assists in lender training sessions.

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 single family home mortgages.

Note:

1. Additional experience 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.  

• Designation as a FHA Direct Endorsement (D.E.) underwriter

Successful applicants will possess excellent communication skills, both verbal and written.  They will have the ability to skillfully evaluate and communicate the risks associated with high LTV loans and be familiar with FHA and other industry-standard underwriting guidelines.

Please provide sufficient information on your application to document that you meet the minimum qualifications for this recruitment. Please provide transcripts, certifications or diplomas to document educational or certification qualifications.  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 ranked as  Best Qualified, Better Qualified, or Qualified and placed on the employment (eligible) list for at least one year.  Eligible list may be used to fill future vacancies of the same classification.

The examination will consist of a rating of your education, training, and experience related to the requirements of the position.  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 your application.  Report all experience and education that is related to this position.

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.

STATE OF MARYLAND BENEFITS  

DHCD offers a flexible work schedule, telework and job sharing options, advancement and career path opportunities, casual business dress on Fridays, and a competitive salary.  There is ample free parking, a cafeteria in the building, and DHCD is located in close proximity to the historic capital of Annapolis.