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Lument · 2 days ago

FHA Asset Management – Transactions Underwriter

United States

Full-time

Remote

Senior Level

5+ years exp

Lument is a company focused on FHA/USDA transactions in the healthcare and multifamily sectors. They are seeking a Transaction Underwriting Associate to underwrite and process post-closing transactions, ensuring compliance with loan terms and providing excellent customer service throughout the process.

Commercial Real EstateFinanceReal Estate

H1B Sponsor Likely

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 timeframes 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 up with transaction party members in an accurate and timely manner

Participate and present transactions in credit meetings for discussion

Works professionally and harmoniously with team and coworkers

Other projects and duties as assigned

Qualification

HUD/FHA servicing experienceCommercial mortgage servicingFinancial analysisOrganizational skillsCommunication skillsPresentation skillsInterpersonal skillsMicrosoft ExcelMicrosoft WordMicrosoft PowerPointCustomer service attitudeTeamworkConfidentialityFlexibility

Required

Bachelor's degree in business administration, finance, accounting, political science/government, or related area

Minimum of five years of progressive experience in commercial mortgage servicing or commercial real estate asset management is preferred

An equivalent combination of education and experience which clearly demonstrates knowledge and skillset to perform the job functions may be considered

HUD/FHA specific servicing or asset management experience is required

Excellent organizational, communication, presentation, and interpersonal skills

Ability to plan, organize, and prioritize assignments, and to meet critical and established deadlines; Ability to manage multiple assignments and transactions simultaneously

Demonstrated ability to maintain confidentiality and to use discretion in the performance of daily activities

Professional business image and excellent command of the English language, both verbally and in writing (spelling, grammar, and punctuation)

Ability to learn quickly and demonstrated ability to work independently and as part of a high-performance team

Flexibility and ability to work under pressure with tight deadlines and constant interruptions; Ability to adjust priorities in a changing environment

Ability to work with and understand financial concepts and perform financial analysis on various asset types

Strong computer literacy required, particularly regarding spreadsheet and word processing applications such as Microsoft Excel, Word, and PowerPoint

An excellent customer service attitude

Preferred

Minimum of five years of progressive experience in commercial mortgage servicing or commercial real estate asset management is preferred

USDA specific servicing or asset management experience is preferred

Benefits

Healthcare and financial protection

Competitive vacation policy

Floating personal holidays

Extensive leave options

Annual observed holidays

Infertility coverage

Adoption support

Child and elder care

Fully paid maternity

Generous parental leave benefits

Hybrid working model

Company

Lument

Lument offers custom capital solutions for investors in the multifamily, affordable housing, healthcare and commercial real estate sector.

Founded in 2012

New York, New York, USA

501-1000 employees

https://www.lument.com

H1B Sponsorship

Lument has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

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2022 (1)