Loan Administration Officer

State of Nevada•Las Vegas, NV

3d•Onsite

About The Position

The Department of Business and Industry is hiring to fill a Loan Administration Officer position within the Housing Division in Las Vegas. The incumbent will support the Homeownership Programs Section by administering and overseeing single-family housing finance programs, including bond-funded first mortgage programs, down payment assistance programs, and second mortgage initiatives. The Loan Administration Officer serves as a technical and operational lead responsible for coordinating loan program operations, lender relations, rate and bond monitoring, compliance review, reporting, and training activities while ensuring adherence to state, federal, and investor requirements. They work closely with lenders, realtors, system partners, and internal staff to support program delivery, develop procedures, manage operational risk, and provide guidance on complex loan scenarios. This role also supports staff development and workflow coordination to promote efficient program administration, regulatory compliance, and effective service to Nevada homebuyers and housing partners. Occasional statewide travel may be required.

Requirements

Bachelor's degree from an accredited college or university in business administration, finance, accounting or related field and three years of progressively responsible financial experience in mortgage lending or mortgage loan administration; OR graduation from high school or equivalent education and five years of progressively responsible financial experience in mortgage lending or mortgage loan administration; OR an equivalent combination of education and experience as described above.
Working knowledge of: Department of Housing and Urban Development (HUD) guidelines, Federal Housing Administration (FHA)-insured, Department of Veterans Affairs (VA)-guaranteed, private insurance, and Housing Division laws and regulations pertaining to single-family and multi-family mortgage lending; supervisory techniques including selection, training, motivation, work assignment and review, and discipline; rules, regulations and policies as related to loan delinquency requirements and procedures.
General knowledge of: Internal Revenue Code (IRC) related to either a single-family or multi-family mortgage revenue bond program.
Ability to: compute ratios, rates and percentages to calculate income ratios, determine liquid assets and calculate gains and losses of interest; analyze and interpret a variety of rules and regulations related to single and multi- family mortgage lending; analyze a variety of factors pertaining to credit and mortgage analysis such as budget, expense and financial statements; make oral group presentations to explain new programs and program procedures; establish and maintain cooperative working relationships.
Skill in: written English sufficient to compose reports and business correspondence.

Responsibilities

Administer a single and/or multi-family housing program by planning and coordinating activities and directing implementation; assess program weaknesses and make recommendations for improvements; develop office controls and processing systems for the efficient and effective flow of work and funds.
Supervise and evaluate the performance of professional and technical staff to include selection, training, motivation, work assignment and review, and discipline.
Assist in the development of the annual work plan including determining housing priorities and providing procedures and programs based upon information gathered and analyzed.
Review and evaluate applications and supporting documentation, determine eligibility, and make recommendations for approval or denial; notify applicants of determinations.
Conduct training workshops on project compliance and the completion of required documentation.
Conduct and/or direct staff in analyzing and underwriting applications.
Manage a single-family and/or multi-family portfolio to ensure compliance with program, federal and State requirements and regulations; monitor single-family delinquency levels to ensure bond ratings on new issues are not jeopardized.
Review reports, income verifications and tenant certifications and conduct on-site physical inspections to determine physical condition of the project and compliance with regulations; notify project owners of non- compliance and follow up to ensure resolutions.
Review and analyze budget, expense and financial statements on existing projects for compliance and potential defaults on loans and agreements.
Monitor servicer activities, research problems, and develop, implement and monitor courses of corrective action to ensure compliance with federal and State requirements and regulations.
Monitor federal and State legislation and regulatory processes regarding issues pertinent to multi-unit housing projects; make recommendations for necessary program changes.
Perform related duties as assigned.