Associate, FHA Production Support

ORIX Group•New York, NY

6d•$90,000 - $100,000•Hybrid

About The Position

The Associate role supports various loan production and underwriting functions, including review of third-party reports, underwriting analysis, oversight of FHA Multifamily loan applications, document collection and transmittal, due diligence, and leading internal deal coordination processes. Works directly with Underwriters, Originators, clients, FHA, and vendors as necessary throughout the loan process.

Requirements

Bachelor’s degree in business, finance, accounting, real estate, or related field required
Proficiency in Microsoft Office with emphasis on Microsoft Excel
Demonstration of a strong work ethic, ambition, teamwork, creativity, aptitude for accuracy and detail, and sound ethical conduct
Flexibility and ability to work under pressure with tight deadlines, and to adjust priorities in a changing environment
Excellent organizational, communication, presentation, and interpersonal skills
Demonstrated ability to maintain confidentiality and to use discretion in the performance of daily activities
Ability to synthesize large amounts of information into clearly articulated credit and business recommendations both verbally and in writing
Initiative and strong sense of personal motivation as well as responsibility

Nice To Haves

2-3 years of full-time experience in real estate related financial analysis for a lending institution, brokerage firm, or investment firm preferred.
Current or recent experience in FHA-insured lending prioritized.

Responsibilities

Support FHA Multifamily Origination Screening to include, but not limited to: Being well versed in the various Excel-based screening and underwriting models
Determining appropriate level of due diligence required to complete a thorough loan screening
Completing analysis to determine loan sizing and S&U that meet FHA programmatic requirements and are compliant with the applicable loan execution
Assist Underwriters by providing daily oversight of FHA multifamily loan applications
Be the primary lead for internal deal coordination to include, but not limited to: Engagement and coordination of third-party reports
Creation and collection of due diligence needs list
Reviewing application due diligence for completeness and accuracy
Administrative transaction organization
Creation of complete and deficiency free application submissions to HUD
Communicate clearly with borrowers, third party providers, Originators, Underwriters, FHA, and others to facilitate transaction flow
Develop the knowledge and skills necessary to prepare FHA credit request presentations, including being well versed in Commercial Real Estate policies and procedures, FHA MAP Guide, relevant FHA documentation, and underwriting and processing guidelines
Ensure work product adheres to Lument policies, processes, and procedures
Attend trainings and courses in additional education as prescribed
Work professionally and harmoniously with team and coworkers
Position may require travel on a minimal basis
Other projects and duties as assigned