Senior Construction Underwriter (Insurance)

Senior Multifamily Underwriter:
The Housing Opportunities Commission of Montgomery County (HOC) was established in 1974 to better respond to the County's need for affordable housing. HOC is authorized to acquire, own, lease, and operate housing; to provide for the construction or renovation of housing; obtain financial assistance from any public or private source to assist its housing activities; and arrange for social services, resident services, and daycare.
The Senior Multifamily Underwriter is a professional supervisory position responsible for the review and underwriting of multifamily real estate transactions presented for financing to:

• Increase the availability of housing for low- to moderate-income families by using a variety of financing and subsidy sources.
• This is a key position in the Mortgage Finance Division (the "Housing Finance Agency" function) with a focus on the origination, processing, and closing of mixed-income and affordable multifamily real estate loan transactions. An employee in this position receives loan applications from non-profit and for-profit organizations, including HOC's Real Estate Division, and assists in the structuring of the multifamily financing. Activities are preparatory to financial commitments and the issuance of taxable and/or tax-exempt bonds or other forms of financing. review of development proposals, third-party reports, and borrower documents; Applies knowledge of the principles, practices, and policies of HOC's Multifamily Program Guide and the Commission's lending practices to varied loan applications

Proficient in the application of rules and regulations pertaining to tax-exempt mortgage revenue bonds, the Federal Low-Income Housing Tax Credit Program, as well as other state and county housing programs. Work in an office and occasionally visit rental developments or potential sites
Assist in overall development process management, including involvement with clients, public officials, and participating financial institutions and must be able to present discussions and recommendations orally and in writing.
Understanding of procurement rules in general, but must develop an in-depth knowledge of HOC's Procurement Policy specifically as it pertains to the procurement of services required for executing the responsibilities of this position
Underwriting/Credit Analysis
Draw Reviews
Performance Monitoring
Preparation of Materials for submission to lenders and governmental entities.
At least two years of data management and reporting, including supervisory experience.
Experience must include working with transactions that include affordable and market-rate housing and mixed-use development.
Requires Graduation from an accredited college or university with a Bachelor's degree in a related field.

Extensive knowledge of and experience with processing and closing multifamily financing transactions that include HUD/FHA multifamily mortgage insurance Federal Low Income Housing Tax Credits (LIHTC), and other housing finance programs is required
Must have high-level computer skills (HMIS, Excel, Yardi a plus) with the ability to interpret and manipulate data
Superior financial and analytical skills necessary
Previous experience working with a Housing Finance Agency and/or Public Housing Authority preferred
HOC is an equal opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, gender reassignment, citizenship, immigration status, protected veteran status, or any other basis prohibited under applicable federal, state or local law.