Multi-Family Underwriter I

Jimmy Jazz; Anchorage (AK); On-site; USD 60,000 - 73,000; Full time

Benefits offered by this job

Health Plan – Medical, Vision, Dental

Employee Assistance/Wellness

Life Insurance – Basic

Job summary

Alaska Housing Finance Corporation is seeking a Multi-Family Underwriter I in Anchorage to perform underwriting of loan submissions, applying AHFC criteria while using MITAS and MURF to document reviews. The role reports to the Multi-Family Lending Manager or designee, with supervision on complex cases.

The position requires 3+ years in mortgage lending, a bachelor’s degree in a related field, and the ability to analyze credit, income, and collateral.

Qualifications

• Bachelor's degree in business, finance, banking, economics, real estate, or related field and 3+ years of mortgage lending experience.
• Experience must include underwriting and credit analysis responsibilities.

Responsibilities

• Review loan submissions and analyze credit, income, collateral, and legal aspects.
• Underwrite multi-family and related loan applications through closing.
• Maintain accurate loan records in MITAS and organize files in MURF.
• Prepare underwriting recommendations and respond to lenders and borrowers.

Skills

Planning & organizing

Financial data analysis

Written communications

Stakeholder communication

Lending criteria application

Records management

Meeting deadlines

Adaptability

Microsoft Office

MITAS

MURF

Adobe Acrobat

Education

Bachelor's degree in business/finance/real estate or related field

Tools

MITAS

MURF

Microsoft Office

Adobe Acrobat

Job description

• Location 4300 BONIFACE PARKWAY,Anchorage, AK, 99504-4387,United States
• Base Pay $66,144.65 / Year
• Employee Type Fulltime Nonexempt

Position Summary: This non-exempt, non-supervisory position performs multi-family loan underwriting and related credit, property, income, collateral, and legal analysis. The position reviews loan submissions, applies AHFC statutes, regulations, policies, procedures, and underwriting criteria, and recommends action on loan requests. The position regularly uses MITAS, the Corporation's official loan information system, and MURF (Multi-Family Underwriter Review Findings), the working underwriting repository used to document reviews and retain underwriting records.

Reports to: MULTI-FAMILY LENDING MANAGER or DESIGNEE

OVERVIEW

Within the Mortgage Operations Department, the Multi-Family Underwriter I performs routine to moderately complex underwriting assignments with general supervision. The position independently analyzes loan submissions and recommends action in accordance with established AHFC requirements. More complex, atypical or unconventional transactions may require guidance from the Multi-Family Lending Manager or senior underwriting staff. The position is expected to maintain accurate, complete, and timely loan information in MITAS and to organize underwriting documentation in MURF in accordance with established file structures and records-retention requirements.

EXAMPLES OF DUTIES

Under the Multi-Family Loan Purchase Program, reviews loan submission requests, including credit, income, collateral, and appraisal analysis. Analyzes the loan request and recommends acceptance or denial based on established AHFC criteria.

Under Direct Lending programs, processes and underwrites multi-family, congregate, special needs, senior housing, and condominium association loan applications from receipt of the application through closing. Reviews applicable financial, credit, property, legal, and collateral documentation and recommends action based on established AHFC criteria. Enters, reviews, and maintains loan information in MITAS, ensuring information is accurate, complete, and consistent with approved loan terms and supporting documentation. Uses MURF as the working platform for underwriting reviews; uploads, organizes, and maintains underwriting documentation in accordance with established file structures, naming conventions, and records-retention requirements so that the underwriting record remains complete and accessible.

Prepares underwriting recommendations, reports, correspondence, and supporting analyses. Responds to inquiries from lenders, borrowers, housing providers, and other stakeholders regarding AHFC multi-family lending programs and underwriting requirements. May present underwriting recommendations to Department or Executive Loan Committees, as assigned. Provides information and technical assistance to lenders and other stakeholders regarding program eligibility, application procedures, documentation requirements, and underwriting criteria. May assist with lender or staff training regarding AHFC multi-family lending programs and underwriting requirements. Assists with maintenance and revision of program guides, seller/servicer communications, underwriting procedures, and development or revision of loan programs, as assigned. Performs other duties as required.

KNOWLEDGE, SKILLS AND ABILITIES

Knowledge of: Multi-family lending principles, including credit and income analysis, appraisal review, inspection and engineer reports, purchase underwriting, property values and market trends; AHFC statutes, regulations, program requirements, policies, and procedures; and fundamental records-management practices.

Skills and Abilities: Planning and organizing workload; compiling, analyzing, and evaluating financial and property data; drawing sound conclusions; preparing clear, complete, and concise written communications; communicating effectively with internal and external contacts; applying established lending criteria; maintaining accurate electronic loan records; following established file structures and documentation standards; meeting competing deadlines; adapting to changing circumstances; and using Microsoft Office Suite, MITAS, Adobe Acrobat, and MURF.

MINIMUM QUALIFICATIONS

A bachelor's degree from an accredited college in business, finance, banking, economics, real estate, or a closely related field and three or more years of progressively responsible mortgage, commercial real estate, or multi-family lending experience. Relevant experience may include credit analysis, loan processing, underwriting, closing, servicing, auditing, or other directly related lending functions. Experience must include substantial responsibility for underwriting and credit analysis.

Substitution: Appropriate directly related work experience may be substituted for the required education on a year-for-year basis.

Excellent benefits package.

Insurance Benefits

• Health Plan – Medical, Vision, Prescription, and Dental
• Employee Assistance Program/Wellness
• Life Insurance – Basic Life and AD&D

Optional Insurance Benefits

• Group-based insurance premiums - Optional life, Long-term, and short-term disability
• Voluntary Accident, Hospital, and Critical Illness
• Flexible spending accounts for tax savings on eligible health care of dependent care expenses
• Membership in the Public Employees Retirement System (PERS), Employee and Employer contribution
• Option to enroll in AHFC Deferred Compensation Program

Paid Leave & Other Benefits

• Personal Leave with an accrual rate increase based on time served
• Twelve paid holidays a year
• Education Reimbursement

All external applicants tentatively selected for this position shall be required to submit to urinalysis and breath alcohol testing to screen for illegal drug/alcohol use.

AHFC provides employment opportunities to low and very-low-income persons, in compliance with Section 3 of the HUD Act of 1968. Public Housing Residents are encouraged to apply.