Senior Multifamily Underwriter

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.

Job Description :

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.
• To generate revenue for the organization, which adds to the growth of the multifamily bond portfolio.

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. The responsibilities of this position include, but are not limited to proforma preparation and feasibility assessment; review of development proposals, third-party reports, and borrower documents; developing written Financing Plans and presenting said plans to the Commission; and, bond and loan closing management and execution.

Examples of Duties :

Minimum Qualifications

Experience :

Education :

Knowledge, Skills & Abilities :

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. HOC promotes a drug-free workplace.

HOC conducts criminal background checks, employment reference checks, and where applicable, reviews driving records in determining suitability for employment. Selected applicants will be required to submit to pre-employment drug and alcohol screening. Employment is contingent upon drug and alcohol test results.