Lument
Senior Associate, Underwriting - FHA Processor Multifamily
Lument, Dallas, Texas, United States, 75215
Overview
Senior Associate, Underwriting - FHA Processor Multifamily
at
Lument
Lument provides comprehensive capital solutions for multifamily, affordable, seniors and health care real estate through its affiliated companies. Lument’s clients include tax-exempt and for-profit organizations, private equity backed firms, REITs, investors, and lenders, with a full suite of financing and strategic solutions, including mortgage banking, direct balance sheet lending options, private equity, investment banking and mergers and acquisitions.
Role summary: To assist and support the FHA loan underwriters with information gathering and processing of FHA eligible mortgage loan applications. Processors, under the direct supervision of the Underwriters, will work closely with origination, underwriting, processing and closing staff and interact with clients and third-party vendors to process loan applications to finance new construction or refinance of multifamily housing.
Responsibilities
Develop a thorough understanding of the flow and programmatic requirements of Lument’s FHA loan origination, underwriting and closing process so that the support provided to Underwriters complements the overall processing effort and moves the loans through to Loan Committee and HUD application submission in a timely manner.
Become fully versed on all applicable FHA and Lument policies and procedures by reading and studying Lument’s FHA Policies and Procedures Handbook, the FHA MAP Guide, FHA Handbooks, Mortgagee Notices and Lument’s Processing Guide.
Serve as Lument’s primary source and contact for due diligence information necessary to complete FHA loan submissions. This includes gathering, reviewing and organizing required application exhibits and subsequently compiling appropriate pre-applications and application loan packages delivered to HUD.
Understand due diligence requirements and determine which FHA forms are applicable; manage and keep current transaction checklists. The Processor serves as the initial point of review for due diligence to ensure documentation accuracy and completeness.
Ensure the organization, accuracy and completeness of FHA underwriting files maintained by Lument in electronic and hard copy formats.
Assist Underwriters in engaging/tracking/paying required third party review contractors.
Collect/record/distribute processing retainers and 3rd party funds and maintain project-specific expense reports.
Keep originators and underwriters informed of progress and potential problems on a proactive basis.
Provide application materials to lender counsel and loan closer, and assist in satisfying Firm Commitment Special Conditions, as appropriate.
Maintain accurate database/reporting systems, as assigned.
Work professionally and harmoniously with the team and coworkers.
Other projects and duties as assigned.
Qualifications
Bachelor’s degree in Finance, Accounting, Real Estate, or Business Administration preferred. Equivalent combination of relevant experience and education may be considered.
Experience with FHA Multifamily loan programs preferred.
Proficiency in Microsoft Office software.
Excellent organizational, communication, presentation, and interpersonal skills.
Ability to plan, organize, prioritize assignments, and meet critical deadlines; ability to manage multiple assignments and transactions simultaneously.
Demonstrated ability to maintain confidentiality and to use discretion in daily activities.
Professional business image and excellent command of the English language, both verbally and in writing (spelling, grammar, punctuation).
Ability to learn quickly and 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.
Preferred location: Columbus Office; remote based on circumstances and experience level.
Travel Travel Requirements: 0.0%.
Benefits and Work Arrangements
Life at ORIX: We are committed to the health and well-being of our employees and offer a quality benefits package with healthcare and financial protection, while emphasizing work/life balance.
You Time: Competitive vacation policy, floating personal holidays, extensive leave options, annual holidays, and more.
Family Care: Infertility coverage, adoption support, child and elder care, fully paid maternity, and generous parental leave benefits.
Flexible Work Arrangements: Hybrid model with a 3-day in-office minimum requirement.
EEO: ORIX USA is an equal opportunity employer, providing equal employment opportunities and fostering a diverse workforce. All employees and applicants will be considered without regard to race, color, religion, sex, national origin, age, disability, genetics, sexual orientation, gender identity or expression, pregnancy, protected veteran status or other status protected by law.
Company: Lument
#J-18808-Ljbffr
at
Lument
Lument provides comprehensive capital solutions for multifamily, affordable, seniors and health care real estate through its affiliated companies. Lument’s clients include tax-exempt and for-profit organizations, private equity backed firms, REITs, investors, and lenders, with a full suite of financing and strategic solutions, including mortgage banking, direct balance sheet lending options, private equity, investment banking and mergers and acquisitions.
Role summary: To assist and support the FHA loan underwriters with information gathering and processing of FHA eligible mortgage loan applications. Processors, under the direct supervision of the Underwriters, will work closely with origination, underwriting, processing and closing staff and interact with clients and third-party vendors to process loan applications to finance new construction or refinance of multifamily housing.
Responsibilities
Develop a thorough understanding of the flow and programmatic requirements of Lument’s FHA loan origination, underwriting and closing process so that the support provided to Underwriters complements the overall processing effort and moves the loans through to Loan Committee and HUD application submission in a timely manner.
Become fully versed on all applicable FHA and Lument policies and procedures by reading and studying Lument’s FHA Policies and Procedures Handbook, the FHA MAP Guide, FHA Handbooks, Mortgagee Notices and Lument’s Processing Guide.
Serve as Lument’s primary source and contact for due diligence information necessary to complete FHA loan submissions. This includes gathering, reviewing and organizing required application exhibits and subsequently compiling appropriate pre-applications and application loan packages delivered to HUD.
Understand due diligence requirements and determine which FHA forms are applicable; manage and keep current transaction checklists. The Processor serves as the initial point of review for due diligence to ensure documentation accuracy and completeness.
Ensure the organization, accuracy and completeness of FHA underwriting files maintained by Lument in electronic and hard copy formats.
Assist Underwriters in engaging/tracking/paying required third party review contractors.
Collect/record/distribute processing retainers and 3rd party funds and maintain project-specific expense reports.
Keep originators and underwriters informed of progress and potential problems on a proactive basis.
Provide application materials to lender counsel and loan closer, and assist in satisfying Firm Commitment Special Conditions, as appropriate.
Maintain accurate database/reporting systems, as assigned.
Work professionally and harmoniously with the team and coworkers.
Other projects and duties as assigned.
Qualifications
Bachelor’s degree in Finance, Accounting, Real Estate, or Business Administration preferred. Equivalent combination of relevant experience and education may be considered.
Experience with FHA Multifamily loan programs preferred.
Proficiency in Microsoft Office software.
Excellent organizational, communication, presentation, and interpersonal skills.
Ability to plan, organize, prioritize assignments, and meet critical deadlines; ability to manage multiple assignments and transactions simultaneously.
Demonstrated ability to maintain confidentiality and to use discretion in daily activities.
Professional business image and excellent command of the English language, both verbally and in writing (spelling, grammar, punctuation).
Ability to learn quickly and 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.
Preferred location: Columbus Office; remote based on circumstances and experience level.
Travel Travel Requirements: 0.0%.
Benefits and Work Arrangements
Life at ORIX: We are committed to the health and well-being of our employees and offer a quality benefits package with healthcare and financial protection, while emphasizing work/life balance.
You Time: Competitive vacation policy, floating personal holidays, extensive leave options, annual holidays, and more.
Family Care: Infertility coverage, adoption support, child and elder care, fully paid maternity, and generous parental leave benefits.
Flexible Work Arrangements: Hybrid model with a 3-day in-office minimum requirement.
EEO: ORIX USA is an equal opportunity employer, providing equal employment opportunities and fostering a diverse workforce. All employees and applicants will be considered without regard to race, color, religion, sex, national origin, age, disability, genetics, sexual orientation, gender identity or expression, pregnancy, protected veteran status or other status protected by law.
Company: Lument
#J-18808-Ljbffr