Responsible for overseeing CBRE HMF daily FHA underwriting activities, reviewing subordinates underwriting narratives, third party contracts and due diligence documentation to assure compliance with FHA, GNMA and CBRE HMF, Inc. policies and procedures.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Oversees routine daily case management and tracking; and coordination with closing and servicing. Assists the Chief FHA Underwriter in staff development and continuous program improvement. Serves as primary contact to assist CBRE HMF producers with routine relationship management. Assists the Chief FHA Underwriter with responsibility for higher level relationship management.
Responsible for the overall workflow of CBRE HMF HUD FHA project ensuring that timelines are met and that resulting underwriting will result in loan closings. Reports issues that may delay loan submissions, closings or at risk situations to Chief Underwriter.
Identifies the need for development and maintenance of appropriate tracking systems on the various stages of underwriting, third party vendor reports, funds management, payment of vouchers, to ensure that timeframes are met and that adequate funds are available.
Direct oversight management of Underwriting staff for work flow for underwriting; case assignment; setting work priorities (in consultation with the Chief FHA Underwriter); directs the daily assignments and activities of FHA underwriting staff.
Responsible for conducting weekly underwriting meetings with Underwriting and HMF Production staff to discuss deal status, issue identification and resolution.
Reviews proposed third party engagement letters (consulting with the Chief FHA Underwriter as appropriate) CBRE and HMF, appraisers, needs inspectors, environmental , civil engineer firms and 3rd party contractors, etc.
Manages routine response strategies for individual FHA cases. Provides proactive assessment and communication to ensure optimal outcomes from FHA.
Coordinates dissemination of timely case information to Closing and Servicing. Works with internal and external resources and data systems to optimize the closing and servicing process and to minimize claims exposure and loss.
Provides consultation and technical advice on specific FHA cases to the CBRE community. Advises the Chief Underwriter on ongoing issues, best practices and risk exposures and recommends actions to minimize risk.
Directs the routine collection and maintenance of FHA underwriting data and records; provides regular and ad hoc reports for the analysis of processing data.
Other duties as assigned.
Provides formal supervision to individual employees within single functional or operational area. Approves subordinate's recommendations for staff recruitment, selection, promotion, advancement, corrective action and termination. Effectively recommends same for direct reports to next level management for review and approval. Plans and monitors appropriate staffing levels and utilization of labor, including overtime. Prepares and delivers performance appraisal for staff. Mentors and coaches team members to further develop competencies. Leads by example and models behaviors that are consistent with the company's values.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and EXPERIENCE
Bachelor's degree (BA or BS) in finance, accounting, economics, real estate or other related subject from a four-year college or university required. Minimum five years multi-family underwriting experience. Minimum five years the Deputy Chief FHA Underwriter must have worked regularly in the multifamily lending business and have underwritten or supervised the underwriting of at least five loans which have actually been funded. The Deputy Chief FHA Underwriter must have attended a MAP and Lean training sessions conducted by HUD. Must meet MAP eligibility requirements for each of the proposed Tiers for a HUD MAP approved Underwriter.
Education in Real Estate, Finance, Law, above the bachelor level may be substituted for work experience at a rate of one full-time formal education for one year of experience, not to exceed two years.
Must be approved as a MAP Underwriter by FHA. Valid driver's license is required.
Ability to comprehend, analyze, and interpret the most complex business documents. Ability to respond effectively to the most sensitive issues. Ability to write reports, manuals, speeches and articles using distinctive style. Ability to make effective and persuasive presentations on complex topics to employees, clients, top management and/or public groups. Ability to motivate and negotiate effectively with key employees, top management, and client groups to take desired action.
Requires in-depth knowledge of financial terms and principles. Ability to calculate complex figures. Ability to forecast and prepare budgets. Conducts financial/business analysis including the preparation of reports.
Ability to solve advanced problems and deal with a variety of options in complex situations. Requires expert level analytical and quantitative skills with proven experience in developing strategic solutions for a growing matrix-based multi-industry sales environment. Draws upon the analysis of others and makes recommendations that have a direct impact on the company.
Proficient in common Adobe and Microsoft applications including: Word, PowerPoint and Excel. Working knowledge of Argus.
Knowledge and understanding of the principles and procedures for the underwriting and processing of FHA multifamily and healthcare mortgage insurance applications. Knowledge of data management techniques.
May be required to travel as needed.
Decisions made with in-depth understanding and interpretation of procedures, company policies and business practices to achieve general results. Responsible for setting department deadlines. Errors in judgment may cause long-term impact to co-workers, supervisor, department and/or line of business.
SCOPE OF RESPONSIBILITY
Equal Opportunity and Affirmative Action Employer
Women/Minorities/Persons with Disabilities/US Veterans
Denver, CO, US
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Website : http://www.cbre.com
CBRE Group, Inc. operates as a commercial real estate services and investment company worldwide. The company operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. It provides advisory services, such as strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing, disposition, and acquisition of property; integrated investment sales and debt/equity financing services under the CBRE Capital Markets brand; and valuation services, including market value appraisals, litigation support, discounted cash flow analyses, and feasibility and fairness opinions, as well as originates, sells, and services commercial mortgage loans. CBRE Group, Inc. offers its commercial real estate services under the CBRE brand name; investment management services under the CBRE Global Investors brand name; and development services under the Trammell Crow brand name. CBRE Group, Inc. was founded in 1906 and is based in Los Angeles, California.