Forbright Bank · 18 hours ago
Vice President, Senior Underwriter (LEAN)
United States
Full-time
Remote
Senior Level, Lead/Staff
$185K/yr - $200K/yr
8+ years expForbright Bank is a nationwide full-service bank and commercial lender dedicated to exceptional client service and innovative banking solutions. The Vice President, Senior Underwriter (LEAN) is responsible for underwriting and reviewing loan transactions under FHA insured programs, primarily focusing on healthcare transactions, and works closely with the HUD underwriting team to ensure high-quality underwriting and due diligence.
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Responsibilities
Underwrite and analyze loans eligible under LEAN, including the detailed review of all third-party reports and providing a written narrative that identifies the strengths and weaknesses of the transaction, and the appropriate risk mitigation
Promote quality loans, cite underwriting issues including credit and project flaws, provide risk mitigation for weaknesses, and reject unacceptable loans
Work directly with the HUD Lending team to screen and size potential LEAN loans
Advise HUD Lending and Healthcare Lending team members, as well as potential borrowers on HUD loan structuring and LEAN requirements
Work with the Healthcare Lending team to provide analysis on exit strategies to HUD
Assist in maintaining and improving underwriting models, forms, and systems
Establish and maintain rapport and communications with HUD staff, as well as relevant professional organizations
Provide guidance to project managers, analysts, and other underwriters, as needed
Advise the HUD Lending Managing Director and FHA Chief Underwriter of operational issues, and recommend solutions
Provide detailed peer reviews of LEAN application packages for other underwriters in advance of Forbright’s loan committee
Maintain a strong knowledge of the 232 Handbook, as well as other relevant handbooks, housing notices, mortgagee letters, email blasts, etc
Attend conferences, meetings with HUD offices, and conduct site visits, all of which will require travel
Perform additional duties as assigned
Qualification
Required
Bachelor's Degree required; emphasis in Finance, Accounting, Real Estate, or Business preferred
Minimum of 8 years of healthcare real estate underwriting experience required, with a minimum of 3 years of FHA Section 232 underwriting
Section 232 (LEAN) Underwriter designation from HUD that is current and in good standing
Proficiency with Microsoft Office tools (Outlook, Word, PowerPoint, Excel)
Excellent verbal, written, and interpersonal communication skills
Strong organizational skills and attention to detail
Outstanding problem-solving and time management skills
Self-motivated, self-directed, and results-oriented
Adaptable and able to multitask in a fast-paced environment
Can work independently and within a team; solution-oriented with a collaborative approach
Willingness to belong to and participate in professional organizations
Benefits
Comprehensive health, dental, and vision plans
4 weeks PTO
401k + company match
Metro SmartTrip benefits ($50/mo)
Remote or hybrid work schedules for most positions
Incentives for purchasing solar panels, electric vehicles, biking to work, etc.
Paid subscriptions to Veterans Compost, Capital Bikeshare, Imperfect Foods reimbursement, and more!
Best Workplaces for Commuters 2023 & 2024 winner
The Washington Post Top Workplaces 2023, 2024, and 2025 winner
American Banker Best Banks to Work For 2023 winner
Company
Forbright Bank
Forbright is a nationwide full-service bank and commercial lender focused on helping build a brighter future for our clients and the communities we serve.
501-1000 employees
Funding
Current Stage
Late StageTotal Funding
$409.57MKey Investors
BayView Asset Management,BlackRock,Centerbridge Partners
2021-04-16Private Equity· $345M
2018-02-16Undisclosed· $7.5M
2016-12-20Debt Financing· $24M
Leadership Team
Donald Cole
Chief Executive Officer
John Protzman
CTO at Forbright Bank
Recent News
congressionalbank.com
2023-02-28
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