Skip to Main Content

LOAN/INSURANCE UNDERWRITER LEAD/ADVANCED, MULTI-FAMILY [052877]

MD-BRAC Rental Preservation Manager

Recruitment #14-001734-002

Go Back View Benefits

Introduction

This is a permanent position with State of Maryland benefits.

Work that matters. The Maryland Department of Housing and Community Development (DHCD) is a national leader in the financing and development of affordable housing and community development lending.  As such, the primary function of the Community Development Administration is to encourage and support affordable homeownership and rental housing in Maryland. We are good but strive to be great.  To make this happen our team needs members that will challenge the status quo, effectively communicate ideas and issues, independently bring forth practical and efficient solutions, believe change is good and want to come to work knowing that what they do makes a difference in their neighborhood.

GRADE

18

LOCATION OF POSITION

Crownsville, Maryland

In the future, DHCD Headquarters will be relocating from Crownsville, Anne Arundel County, to the New Carrollton transit stop location in Prince George’s County.

POSITION DUTIES

DHCD has an immediate opening for a MD-BRAC Rental Preservation Manager/Loan Underwriter.  The position is located within the Multifamily Housing Unit of the Community Development Administration.  The individual in this position will be responsible primarily for managing the MD-BRAC Preservation Loan Fund, an $8M revolving loan fund funded with a program related investment (PRI) from the John D. and Catherine T. MacArthur Foundation, as well as State and county funds.  The position continues DHCD’s MD-BRAC Rental Preservation Initiative by working with the partner counties to provide outreach, technical assistance and education on affordable rental housing financing and preservation.  The position has advanced proficiency in evaluating applications for financing for multifamily affordable rental housing developments and in developing policy and special projects.  The position must understand and be able to explain all DHCD rental housing financing programs, including The Emergency Shelter and Transitional Housing Grant Program, Partnership Rental Housing Program, MEEHA/Empower, Multifamily Bond Program, Rental Housing Works, HOME loans, FHA Risk Share program, federal Low Income Housing Tax Credit Program and all Rental Housing funds so as to assist borrowers in using the programs.  The position will analyze risk, underwrite and provide technical assistance to borrowers for short-term loans, as well as long term permanent financing.

MINIMUM EDUCATION AND EXPERIENCE REQUIREMENTS

MINIMUM QUALIFICATIONS ARE REQUIRED. Please read carefully.

Education: Possession of a Bachelor’s degree from an accredited college or university.

Experience: Three years of experience evaluating the risk involved in granting loans or insurance for multi-family housing or commercial projects.

Note: Additional experience as described above may be substituted on a year-for-year basis for the required education.

DESIRED OR PREFERRED QUALIFICATIONS

  • At least one year of experience financing, underwriting, or developing a project using federal Low Income Housing Tax Credit and DHCD tax-exempt bond financing.
  • Experience managing a revolving loan fund, which may include working for a Community Development Financing Institution or other affordable housing lender.

LICENSES, REGISTRATIONS AND CERTIFICATIONS

Employees in this classification may be assigned duties which require the operation of a motor vehicle. Employees assigned such duties will be required to possess a motor vehicle operator’s license valid in the State of Maryland.

SELECTION PROCESS

Please provide sufficient information on your application to document that you meet the minimum qualifications for this recruitment. Please provide transcripts, certifications or diplomas to document educational or certification qualifications. Educational credentials from foreign countries must be evaluated by an approved education review service. This evaluation must be submitted with your application. For further information, you may call International Consultants of Delaware, Inc. (302) 737-8715 or World Education Services Inc. 1-800-932-3897 or (202) 331-2925. Successful candidates will be placed on the employment (eligible) list for at least one year. Eligible list may be used to fill future vacancies of the same classification.

EXAMINATION PROCESS

The examination will consist of a rating of your education, training, and experience related to the requirements of the position.  You may be required to complete a qualifications supplement, or the rating may be based on your application.  Therefore, it is important that you provide complete and accurate information on your application.  Report all experience and education that is related to this position.

BARGAINING UNIT STATUS

The incumbent in this position is a member of a covered bargaining unit and will be required to pay a bi-weekly service fee to the exclusive representative of the bargaining unit.

 

BENEFITS

STATE OF MARYLAND BENEFITS  

DHCD offers a flexible work schedule, telework and job sharing options, advancement and career path opportunities, casual business dress on Fridays, and a competitive salary. 

FURTHER INSTRUCTIONS

Online applications are highly recommended. However, if you wish to submit a paper application or are unable to upload your transcripts into the system, please send via fax or mail. Please include a cover memo with the following information:

  • Attn: Alicia Townsend, HR Officer
  • Your First and Last name
  • Last 4 of SS#
  • Recruitment #
  • Classification (Job Title) of Recruitment

Please be advised that we can no longer accept the old MS-100 or resumes in place of application. Please do not put "See Resume" in the job duties section of your application; your application will not be considered.  If you are interested in the position and cannot apply online please fill out the revised paper application which can be found on JobAps or by contacting the Department of Budget and Management's Recruitment and Examinations Division Job Information Line at 410- 767-4850.

Fax: (410) 514-7029

Mail to:

Alicia Townsend, HR Officer DHCD
Office of Human Resources
100 Community Place
Crownsville, MD 21032   

TTY Users: call via Maryland Relay

As an equal opportunity employer Maryland is committed to recruiting, retaining and promoting employees who are reflective of the State’s diversity.

Find us on Linked In!

 

Like us on Facebook!

 

 

Follow us on Twitter!

 

  




Powered by JobAps