FHA Asset Management – Transactions Underwriter

FHA Asset Management – Transactions Underwriter page is loaded## FHA Asset Management – Transactions Underwriter locations:
Columbus, OH:
Dallas, TX:
Overland Park, KS:
Remote:
Boston, MAtime type:
Full time posted on:
Posted 6 Days Agojob requisition :
R0003960
** Purpose and

Job Summary:

** The Transaction Underwriting Senior Associate, FHA/USDA Transactions – Agency Risk **(FHA Asset Management)
** will underwrite and process FHA/USDA Healthcare and Multifamily post-closing transactions and requests, which include loan assumptions (Full TPA/CHOP), transfers of interest (Modified TPA/CHOP), and changes of facility operator. The position coordinates and works with bankers, associates, external counsel, government agency personnel, and any other third parties to carry out post-closing transactions and requests. The candidate’s primary responsibilities are to
1) deliver outstanding internal and external customer service regarding post-closing transactions and requests;
2) underwrite credit submissions and recommendations for Management approval;
3) manage the credit approval process and handoff to Asset Management in a timely manner; and
4) monitor compliance with loan terms and government agency loan program guidelines. This position reports to the Associate Director of FHA/USDA Transactions – Agency Risk.

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* Essential Duties and Responsibilities:

*** Facilitates and diligently documents initiation, progress, and completion of post-closing transactions such as loan assumptions (Full TPA or CHOP), transfers of interest (Modified TPA or CHOP), and changes of facility operator.
* Maintains loan servicing files with detailed documentation in an organized manner.
* Processes and documents any change in borrower, operator, or management agent contact information.
* Ensure that all job functions are executed in compliance with investor requirements and internal policies and procedures.
* Provide excellent customer service by timely and effectively communicating between all internal and external transaction parties involved and handle to conclusion.
* Underwrite transactions related to loans collateralized by various asset types.
* Collect, review, and analyze property and sponsor financial statements per agency guidelines.
* Review all due diligence material provided for a transaction. Provide prompt and accurate analysis, and ensure programmatic requirements are met for each transaction. Candidate will ensure any deviation is clearly documented and approved by all required parties.
* Critically review, evaluate, and approve any required third party reports to assess alignment with program requirements.
* Provide timely portfolio status updates to management team.
* Actively participate in updating and improving department processes and procedures.
* Assess physical condition of property collateral by reviewing property inspections and third-party reports.
* Prepare and present final credit packages addressing the creditworthiness of the sponsorship and the real estate for senior management review.
* Comply with agency credit package submission guidelines and time frames as described in respective servicing guides.
* Clearly manage and communicate underwriting process, approval and closing timelines among all internal and external transaction parties.
* Demonstrates strong working knowledge of all deals and project assignments.
* As needed, follow up with closing coordinator and legal counsel to collect any missing loan documents, and disseminate pertinent insurance, tax, and other information from closing.
* Set up appropriate follow-up systems to manage ongoing compliance with loan document covenants and ensure proper file set-up.
* Ensure all loan related system changes per specific loan documentation and/or Ginnie Mae requirements are completed.
* Ensure final underwriting files and approvals are documented accurately and completely and are compliant with Lument’s loan file policy.
* Cross-train in all areas of department to gain full understanding of all aspects of departmental responsibilities.
* Provide internal transparency in approval process by ensuring task management system and pipeline reports are updated and following…