Senior MAP Underwriter

Colliers International Valuation & Advisory Services•Dallas, TX

1d•Onsite

About The Position

Colliers Mortgage is seeking a Senior MAP Underwriter to join its HUD/FHA Underwriting team. The role underwrites complex transactions under FHA-insured loan programs and provides training and oversight to MAP Underwriters and Underwriting Analysts/Trainees. The position evaluates development teams and FHA projects by analyzing credit, financial condition, experience, market information, operating history, and property condition. It manages the underwriting process and determines key loan terms, including mortgage amount and maximum amortization.

Requirements

Bachelor’s degree in Finance, Business, Real Estate, or a related field.
Five to seven years of preparatory or related experience.
Experience underwriting loans under Sections 221(d)(4), 223(f), and 223(a)(7).
Experience underwriting loans involving Low Income Housing Tax Credits.
FHA MAP Certification.
Must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.

Nice To Haves

Experience underwriting loans under Sections 213 and 241(a).
Experience underwriting loans under the Section 232 LEAN programs.
FHA LEAN Certification.

Responsibilities

Analyze prospective FHA loans using financial models, rent rolls, budgets, operating statements, and third-party report conclusions.
Evaluate credit risk for prospective loans and sponsors, and maintain knowledge of HUD/FHA underwriting and servicing guidelines.
Review and analyze contracts, loan documents, HUD forms, and other transaction documents.
Review HUD-required third-party reports for accuracy and compliance with FHA guidelines.
Support clients and communicate with third-party vendors during underwriting.
Prepare HUD loan-sizing forms and project narrative summaries for internal loan committee review and HUD Application submission.
Communicate with and provide feedback to HUD staff during the Application and review process.
Collaborate with and provide feedback to the Loan Originator, Loan Processor, Underwriting Analyst/Trainee, and Loan Closer throughout underwriting.
Conduct in-person project site visits and complete lease audits.
Coordinate with the Loan Originator and Capital Markets team to support timely rate lock and closing.
Analyze HUD policy revisions and provide updates to the underwriting team as needed.
Train, review, and oversee MAP Underwriters and Underwriting Analysts/Trainees.
Maintain accurate internal company tracking systems and reports.
Attend regional lender conferences and provide updates to the team.
Maintain regular and reliable attendance.
Perform other duties as assigned.