Loan Underwriter (Senior Planning Specialist), Grade 25

<br><div style="text-align: center;"><img src="https://secure.neogov.com/images/AgencyImages/jobposting/14669/jobpostings/image/Capture - HCA.JPG" data-uw-rm-alt="QU" data-uw-rm-alt-original="Capture - HCA.JPG" data-id="null" data-name="Capture - HCA.JPG" alt="Capture - HCA.JPG" data-url="https://secure.neogov.com/images/AgencyImages/jobposting/14669/jobpostings/image/Capture - HCA.JPG" style="width: 374px;" class="fr-fic fr-dii"></div><br><strong style="color: inherit; font-style: normal; text-align: start; text-indent: 0px;"><span style=" color: rgb(0, 0, 0);">Please note:</span></strong><span style="font-style: normal; text-align: start; text-indent: 0px; color: rgb(0, 0, 0);"> The salary range above represents this position’s earning potential. The anticipated hiring range for this position will be $83,556 to $129,470 based on the candidate’s qualifications and experience.  </span><br><br><p style="margin: 0px;padding: 0px;font-style: normal;color:inherit;text-align: left;text-indent: 0px;" data-pasted="true"><span style="margin: 0px;padding: 0px;"><span style="margin: 0px; padding: 0px; color: rgb(0, 0, 0);"><strong>WHO WE ARE</strong></span></span></p><p style="margin: 0px;padding: 0px;font-style: normal;color:inherit;text-align: left;text-indent: 0px;"><span style="color: rgb(0, 0, 0);"><a href="https://montgomerycountymd.gov/dhca/" target="_blank" rel="noreferrer noopener" style="color: rgb(0, 0, 0);" data-uw-rm-brl="PR" data-uw-original-href="https://montgomerycountymd.gov/dhca/" data-uw-rm-empty-ctrl="" data-uw-rm-ext-link=""><span style="margin: 0px; padding: 0px; text-decoration: underline;"><span style="margin: 0px;padding: 0px;">The Department of Housing and Community Affairs</span></span></a> </span><span style="margin: 0px;padding: 0px;"><span style="margin: 0px; padding: 0px; color: rgb(0, 0, 0);">(DHCA) plans and implements activities that prevent and correct problems contributing to the physical decline of residential and commercial areas, ensures fair and equitable relations between landlords and tenants, increases the supply of affordable housing, and maintains existing housing in a safe and sanitary condition.</span></span></p><p style="margin: 0px;padding: 0px;font-style: normal;color:inherit;text-align: left;text-indent: 0px;"><span style="color: rgb(0, 0, 0);"><strong><br></strong></span></p><p style="margin: 0px;padding: 0px;font-style: normal;color:inherit;text-align: left;text-indent: 0px;"><span style="margin: 0px;padding: 0px;"><span style="margin: 0px; padding: 0px; color: rgb(0, 0, 0);"><strong>WHO WE ARE LOOKING FOR</strong></span></span></p><p style="margin: 0px;padding: 0px;font-style: normal;color:inherit;text-align: left;text-indent: 0px;"><span style="margin: 0px;padding: 0px;"><span style="margin: 0px; padding: 0px; color: rgb(0, 0, 0);">We are excited to announce an opportunity to join our team as a Senior Planning Specialist, serving as a Loan Underwriter/Project Manager for our Multifamily Housing Programs. The Department of Housing and Community Affairs (DHCA) is dedicated to managing the County’s investments in the production and preservation of affordable housing. We seek enthusiastic and skilled professionals to assist us in achieving our public policy goals and objectives.</span></span></p><p style="margin: 0px;padding: 0px;font-style: normal;color:inherit;text-align: left;text-indent: 0px;" data-pasted="true"><span style="margin: 0px;padding: 0px;"><span style="margin: 0px; padding: 0px; color: rgb(0, 0, 0);">The County’s investments in affordable housing serve a diverse array of residents, including low- and moderate-income residents, individuals with special needs, veterans, senior citizens, and those experiencing homelessness.</span></span></p><p style="margin: 0px;padding: 0px;font-style: normal;color:inherit;text-align: left;text-indent: 0px;"><span style="color: rgb(0, 0, 0);"><br></span></p><p style="margin: 0px;padding: 0px;font-style: normal;color:inherit;text-align: left;text-indent: 0px;"><span style="margin: 0px;padding: 0px;"><span style="margin: 0px; padding: 0px; color: rgb(0, 0, 0);">This position analyzes requests from affordable housing developers for County investment. It serves as a point of contact regarding specific program policies and procedures, resolves issues related to each project, and ensures the loan is closed in a timely manner. The candidate must understand the structures of affordable housing deals and the utilization of federal funds, including but not limited to the Federal HOME and Community Development Block Grant (CDBG) programs. This position occasionally requires participation in meetings and work assignments outside the office, attending evening meetings, and performing other duties as assigned.</span></span></p><p style="margin: 0px;padding: 0px;font-style: normal;color:inherit;text-align: left;text-indent: 0px;"><span style="color: rgb(0, 0, 0);"><br></span></p><p style="margin: 0px;padding: 0px;font-style: normal;color:inherit;text-align: left;text-indent: 0px;"><span style="margin: 0px;padding: 0px;"><span style="margin: 0px; padding: 0px; color: rgb(0, 0, 0);">This position is responsible for the following, in no specific order of importance:</span></span></p><div style="margin: 0px;padding: 0px;color: rgb(0, 0, 0);font-style: normal;text-align: start;text-indent: 0px;"><ul style="margin-bottom: 3pt;"><li style="margin-left: 24px; color: rgb(0, 0, 0);"><span data-contrast="auto" lang="EN-AU" class="TextRun SCXW102771722 BCX8" style="margin: 0px;padding: 0px;" data-uw-rm-lang="false"><span class="NormalTextRun SCXW102771722 BCX8" style="margin: 0px; padding: 0px;">Managing all aspects of a project from inception to closing, including developing investment structures, negotiating and implementing financing plans/loans, preparing financial analyses of complex real estate transactions, and negotiating loan terms with public and private lenders.</span></span></li><li style="margin-left: 24px; color: rgb(0, 0, 0);"><span data-contrast="auto" lang="EN-AU" class="TextRun SCXW102771722 BCX8" style="margin: 0px;padding: 0px;" data-uw-rm-lang="false"><span class="NormalTextRun SCXW102771722 BCX8" style="margin: 0px; padding: 0px;">Assisting and guiding the County Attorney's Office with the preparation and review of documents. </span></span></li><li style="margin-left: 24px; color: rgb(0, 0, 0);"><span data-contrast="auto" lang="EN-AU" class="TextRun SCXW102771722 BCX8" style="margin: 0px;padding: 0px;" data-uw-rm-lang="false"><span class="NormalTextRun SCXW102771722 BCX8" style="margin: 0px; padding: 0px;">Working with the Department's Division of Finance and Administration on project financing and compliance issues.</span></span></li><li style="margin-left: 24px; color: rgb(0, 0, 0);"><span data-contrast="auto" lang="EN-AU" class="TextRun SCXW102771722 BCX8" style="margin: 0px;padding: 0px;" data-uw-rm-lang="false"><span class="NormalTextRun SCXW102771722 BCX8" style="margin: 0px; padding: 0px;">Establishing good working relationships with financial partners.</span></span></li><li style="margin-left: 24px; color: rgb(0, 0, 0);"><span data-contrast="auto" lang="EN-AU" class="TextRun SCXW102771722 BCX8" style="margin: 0px;padding: 0px;" data-uw-rm-lang="false"><span class="NormalTextRun SCXW102771722 BCX8" style="margin: 0px; padding: 0px;">Making regular presentations to the Housing Loan Review Committee.</span></span></li><li style="margin-left: 24px; color: rgb(0, 0, 0);"><span data-contrast="auto" lang="EN-AU" class="TextRun SCXW102771722 BCX8" style="margin: 0px;padding: 0px;" data-uw-rm-lang="false"><span class="NormalTextRun SCXW102771722 BCX8" style="margin: 0px; padding: 0px;">Making public presentations to diverse audiences regarding the County's affordable housing investment.</span></span></li></ul></div><div style="margin: 0px;padding: 0px;color: rgb(0, 0, 0);font-style: normal;text-align: start;text-indent: 0px;" data-pasted="true"><p style="margin: 0px;padding: 0px;font-style: normal;color:inherit;text-align: left;text-indent: 0px;"><span style="margin: 0px;padding: 0px;"><span style="margin: 0px;padding: 0px;"><strong>Education</strong>: Graduation from an accredited college or university with a Bachelor’s degree in business administration, finance, economics, accounting, real estate, urban planning, public administration, or related field.</span></span></p><p style="margin: 0px;padding: 0px;font-style: normal;color:inherit;text-align: left;text-indent: 0px;"><br></p><p style="margin: 0px;padding: 0px;font-style: normal;color:inherit;text-align: left;text-indent: 0px;"><span style="margin: 0px;padding: 0px;"><span style="margin: 0px;padding: 0px;"><strong>Experience:</strong> Five (5) years of professional experience with real estate lending, affordable housing finance, or community facility lending. Specific expertise includes, but is not limited to:</span></span></p><p style="margin: 0px;padding: 0px;font-style: normal;color:inherit;text-align: left;text-indent: 0px;"><br></p><ul style="margin-bottom: 3pt;"><li style="margin-left: 24px;"><span style="margin: 0px;padding: 0px;"><span style="margin: 0px;padding: 0px;">Knowledge and experience with fundamental concepts, principles, and practices of the real estate industry and investment analysis.</span></span></li><li style="margin-left: 24px;"><span style="margin: 0px;padding: 0px;"><span style="margin: 0px;padding: 0px;">Experience in reviewing standard real estate documentation, including financial projections, loan documents, various legal memoranda, draw requests, rent rolls, and property financial statements.</span></span></li><li style="margin-left: 24px;"><span style="margin: 0px;padding: 0px;"><span style="margin: 0px;padding: 0px;">Ability to serve as a functional technical expert in responding to inquiries and resolving system-related issues regarding the various tools used by the group and the Multifamily Housing Program.</span></span></li></ul></div><div style="margin: 0px;padding: 0px;color: rgb(0, 0, 0);font-style: normal;text-align: start;text-indent: 0px;"><ul style="margin-bottom: 3pt;"><li style="margin-left: 24px;"><span data-contrast="auto" lang="EN-AU" class="TextRun SCXW223799163 BCX8" style="margin: 0px;padding: 0px;" data-uw-rm-lang="false"><span class="NormalTextRun SCXW223799163 BCX8" style="margin: 0px;padding: 0px;">Review market data, develop pro forma income statements/budgets, perform necessary credit analysis and due diligence, and review documents for new transactions.</span></span></li><li style="margin-left: 24px;"><span data-contrast="auto" lang="EN-AU" class="TextRun SCXW223799163 BCX8" style="margin: 0px;padding: 0px;" data-uw-rm-lang="false"><span class="NormalTextRun SCXW223799163 BCX8" style="margin: 0px;padding: 0px;">Excellent analytical, writing, public speaking, and customer service skills.</span></span></li><li style="margin-left: 24px;"><span data-contrast="auto" lang="EN-AU" class="TextRun SCXW223799163 BCX8" style="margin: 0px;padding: 0px;" data-uw-rm-lang="false"><span class="NormalTextRun SCXW223799163 BCX8" style="margin: 0px;padding: 0px;">Experience in underwriting real estate transactions, analyzing and preparing proformas, and closing loans for multifamily affordable housing transactions.</span></span></li><li style="margin-left: 24px;"><span data-contrast="auto" lang="EN-AU" class="TextRun SCXW223799163 BCX8" style="margin: 0px;padding: 0px;" data-uw-rm-lang="false"><span class="NormalTextRun SCXW223799163 BCX8" style="margin: 0px;padding: 0px;">Experience in working with legal counsels in reviewing a variety of legal documentation for real estate loan transactions.</span></span></li><li style="margin-left: 24px;"><span data-contrast="auto" lang="EN-AU" class="TextRun SCXW223799163 BCX8" style="margin: 0px;padding: 0px;" data-uw-rm-lang="false"><span class="NormalTextRun SCXW223799163 BCX8" style="margin: 0px;padding: 0px;">Experience in working with federal and state funding programs such as Community Development Block Grant (CDBG), HOME Investment Partnerships, etc., and other related housing programs.</span></span></li></ul><span data-contrast="auto" lang="EN-AU" class="TextRun SCXW223799163 BCX8" style="margin: 0px;padding: 0px;" data-uw-rm-lang="false"><span class="NormalTextRun SCXW223799163 BCX8" style="margin: 0px;padding: 0px;"><br></span></span><p style="margin: 1px 0px 0px;padding: 0px;font-style: normal;color:inherit;text-align: left;text-indent: 0px;"><span style="margin: 0px;padding: 0px;"><span style="margin: 0px;padding: 0px;"><strong>Equivalency:</strong> An equivalent combination of relevant education and experience may be substituted.</span></span></p><br><p style="margin: 1px 0px 0px;padding: 0px;font-style: normal;color:inherit;text-align: left;text-indent: 0px;"><span style="margin: 0px;padding: 0px;"><span style="margin: 0px;padding: 0px;"><strong>License</strong>: Possession of a valid motor vehicle operator's license is required.</span></span></p><span style="margin: 0px;padding: 0px;"><span style="margin: 0px;padding: 0px;"><br></span></span><strong>Financial Disclosure:</strong> This role requires the completion of a financial disclosure. <br><br></div><span style="margin: 0px;padding: 0px;"><span style="margin: 0px;padding: 0px;"><span data-pasted="true" style="color: inherit; font-style: normal; text-indent: 0px; text-align: left; margin: 0px; padding: 0px;"><span style=" margin: 0px; padding: 0px;"><strong style=" font-weight: 700;">MEDICAL EXAM PROTOCOL</strong></span></span><span style="color: inherit; font-style: normal; text-indent: 0px; text-align: left; margin: 0px; padding: 0px;"><span style=" margin: 0px; padding: 0px;">: This position requires completion of a pre-employment Medical History Form to assess your ability to safely perform the essential duties of the role.</span></span></span></span><div style="margin: 0px;padding: 0px;color: rgb(0, 0, 0);font-style: normal;text-align: start;text-indent: 0px;" data-pasted="true"><p style="margin: 0px;padding: 0px;font-style: normal;color:inherit;text-align: left;text-indent: 0px;"><span style="margin: 0px;padding: 0px;color:inherit;"><span style="margin: 0px;padding: 0px;">We will use preferred criteria screening questions: </span></span></p><p style="margin: 0px;padding: 0px;font-style: normal;color:inherit;text-align: left;text-indent: 0px;"><br></p><p style="margin: 0px;padding: 0px;font-style: normal;color:inherit;text-align: left;text-indent: 0px;"><span style="margin: 0px;padding: 0px;"><span style="margin: 0px;padding: 0px;"><strong>Experience:</strong> </span><span style="margin: 0px;padding: 0px;">Five (5) years of professional experience with real lending, affordable housing or community facility lending. Specific expertise includes, but is not limited to:</span></span></p><p style="margin: 0px;padding: 0px;font-style: normal;color:inherit;text-align: left;text-indent: 0px;"><br></p><ul style="margin-bottom: 3pt;"><li style="margin-left: 24px;"><span style="margin: 0px;padding: 0px;"><span style="margin: 0px;padding: 0px;">Knowledge and experience with fundamental concepts, principles, and practices of the real estate industry and investment analysis.</span></span></li><li style="margin-left: 24px;"><span style="margin: 0px;padding: 0px;"><span style="margin: 0px;padding: 0px;">Experience in reviewing standard real estate documentation, including financial projections, loan documents, various legal memoranda, draw requests, rent rolls, and property financial statements.</span></span></li></ul></div><div style="margin: 0px;padding: 0px;color: rgb(0, 0, 0);font-style: normal;text-align: start;text-indent: 0px;"><ul style="margin-bottom: 3pt;"><li style="margin-left: 24px;"><span data-contrast="auto" lang="EN-AU" class="TextRun SCXW249538196 BCX8" style="margin: 0px;padding: 0px;" data-uw-rm-lang="false"><span class="NormalTextRun SCXW249538196 BCX8" style="margin: 0px;padding: 0px;">Ability to serve as a functional technical expert in responding to inquiries and resolving system-related issues regarding the various tools used by the underwriting group and the Multifamily Housing Program.</span></span></li><li style="margin-left: 24px;"><span data-contrast="auto" lang="EN-AU" class="TextRun SCXW249538196 BCX8" style="margin: 0px;padding: 0px;" data-uw-rm-lang="false"><span class="NormalTextRun SCXW249538196 BCX8" style="margin: 0px;padding: 0px;">Review market data, develop pro forma income statements/budgets, perform necessary credit analysis and due diligence, and review documents for new transactions.</span></span></li><li style="margin-left: 24px;"><span data-contrast="auto" lang="EN-AU" class="TextRun SCXW249538196 BCX8" style="margin: 0px;padding: 0px;" data-uw-rm-lang="false"><span class="NormalTextRun SCXW249538196 BCX8" style="margin: 0px;padding: 0px;">Excellent analytical, writing, public speaking, and customer service skills.</span></span></li><li style="margin-left: 24px;"><span data-contrast="auto" lang="EN-AU" class="TextRun SCXW249538196 BCX8" style="margin: 0px;padding: 0px;" data-uw-rm-lang="false"><span class="NormalTextRun SCXW249538196 BCX8" style="margin: 0px;padding: 0px;">Experience in underwriting real estate transactions, analyzing and preparing proformas, and closing loans for multifamily affordable housing transactions.</span></span></li><li style="margin-left: 24px;"><span data-contrast="auto" lang="EN-AU" class="TextRun SCXW249538196 BCX8" style="margin: 0px;padding: 0px;" data-uw-rm-lang="false"><span class="NormalTextRun SCXW249538196 BCX8" style="margin: 0px;padding: 0px;">Experience in working with legal counsels in reviewing a variety of legal documentation for real estate loan transactions.</span></span></li><li style="margin-left: 24px;"><span data-contrast="auto" lang="EN-AU" class="TextRun SCXW249538196 BCX8" style="margin: 0px;padding: 0px;" data-uw-rm-lang="false"><span class="NormalTextRun SCXW249538196 BCX8" style="margin: 0px;padding: 0px;">Experience in working with federal and state funding programs such as Community Development Block Grant (CDBG), HOME Investment Partnerships, etc., and other related housing programs.</span><span class="NormalTextRun SCXW249538196 BCX8" style="margin: 0px;padding: 0px;"><br><br></span></span></li></ul></div><p style="margin: 0px;padding: 0px;font-style: normal;color:inherit;text-align: left;text-indent: 0px;" data-pasted="true"><span style="margin: 0px; padding: 0px; color: rgb(0, 0, 0);"><span style="margin: 0px; padding: 0px;">We will use interview preference criteria: </span></span></p><p style="margin: 0px;padding: 0px;font-style: normal;color:inherit;text-align: left;text-indent: 0px;"><span style="color: rgb(0, 0, 0);"><br></span></p><ul style="margin-bottom: 3pt;"><li style="margin-left: 24px; color: rgb(0, 0, 0);"><span style="margin: 0px;padding: 0px;"><span style="margin: 0px; padding: 0px;">Experience in reviewing standard real estate documentation, including financial projections, loan documents, various legal memoranda, draw requests, rent rolls, and property financial statements. </span></span></li><li style="margin-left: 24px; color: rgb(0, 0, 0);"><span style="margin: 0px;padding: 0px;"><span style="margin: 0px; padding: 0px;">Experience in underwriting real estate transactions, analyzing and preparing proformas, and closing loans for multifamily affordable housing transactions.</span></span></li><li style="margin-left: 24px; color: rgb(0, 0, 0);"><span style="margin: 0px;padding: 0px;"><span style="margin: 0px; padding: 0px;">Experience in working with legal counsels in reviewing a variety of legal documentation for real estate loan transactions.</span></span></li><li style="margin-left: 24px; color: rgb(0, 0, 0);"><span style="margin: 0px;padding: 0px;"><span style="margin: 0px; padding: 0px;">Experience in analyzing financial documentation and financial reports. Experience in working with federal and state funding programs such as Community Development Block Grant (CDBG), HOME Investment Partnerships, etc., and other related housing programs.</span></span></li></ul><p style="margin: 0px 0px 0px 48px;padding: 0px;font-style: normal;color:inherit;text-align: left;text-indent: 0px;"><span style="color: rgb(0, 0, 0);"><br></span></p><p style="margin: 0px;padding: 0px;font-style: normal;color:inherit;text-align: left;text-indent: 0px;"><span style="margin: 0px;padding: 0px;"><span style="margin: 0px; padding: 0px; color: rgb(0, 0, 0);">If selected for consideration for this position, you may be required to provide evidence that you possess the knowledge, skills, and abilities indicated on your resume.</span></span></p>

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Common Interview Questions And Answers

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