HUD Underwriter, Vice President
Company Name:
GE Capital
Vice President- HUD underwriter
About Us
GE Capital Healthcare Real Estate, Inc. is a newly formed corporation created solely for the purpose of conducting business under FHA/HUD multi-family lending programs and the Ginnie Mae MBS Program. The Company will serve as the HUD LEAN lending platform for GE Healthcare Financial Services, Inc (GE HFS). GE HFS is a leading middle-market commercial healthcare lender that originates and manages on behalf of GECC and its affiliates approximately $11 billion in healthcare assets, $4.5 billion of which are healthcare real estate loans secured by senior housing developments, assisted living communities, skilled nursing facilities and medical properties. On behalf of GECC and its affiliates, GE HFS provides customized healthcare real estate financing solutions, including first mortgages, acquisition and interim financing, capital improvements financing, and sale leasebacks for healthcare operators, real estate developers and investors.
Role Summary/Purpose
GE is an equal opportunity employer, offering a great work environment, challenging career opportunities, professional training and competitive compensation. GE Capital Healthcare Real Estate, Inc. is seeking experienced, HUD LEAN approved underwriter.This individual will be responsible for underwriting duties as defined by the Department of Housing & Urban Development's Multifamily Accelerated Processing (MAP) guide,the LEAN Underwriting Guidelines & in conformance with all other HUD/FHA guidelines,statutes,regulatory & administrative requirements. Individual must be approved as a MAP Underwriter and HUD LEAN underwriter by FHA
Essential Responsibilities
Leads the underwriting and approval of new credit requests and credit line renewals for existing customers
Negotiates terms and conditions for transactions and works with cross-functional teams to ensure appropriate documentation.
Leads or directly involved in underwriting and documenting large structured loan transactions.
Prepares risk assessments and presents senior management with a clear and consistent approach to mitigate credit, political, legal, regulatory and other relevant risks.
Manages, monitors and reports on portfolio of accounts. Manages accounts to ensure customer retention and performance to specifications.
Performs rigorous analysis of transactions and resolves problem accounts in partnership with other teams and specialists.
May oversee portfolio management responsibilities of junior team member.
Coaches and develops junior team members
Ensures compliance in credit policies and procedures
Qualifications/Requirements
Basic
Qualifications:
Bachelor's Degree with at least 8 years of experience in finance, accounting or banking industries or high school diploma/ GED and at least 12 years of finance or accounting experience including financial analysis, preparing financial information and interpreting financial performance.
Prior experience in financial statement analysis, financial modeling and valuation.
Prior experience preparing financial information, interpreting financial performance and assessing risk exposure.
Prior experience preparing and delivering presentations to management and peers.
Approved as a MAP Underwriter and HUD LEAN Underwriter by FHA.
Eligibility
Qualifications:
Must submit your application for employment through gecareers.com to be considered (Internals via COS)
Must be 18 years or older
Must be willing to comply with pre-employment screening, including but not limited to drug testing, reference verification, and background check.
Must be willing to travel up to 20% of the time.
Must be willing to work out of an office in Bethesda, MD.
Legal authorization to work in the U.S. is required. We will not sponsor individuals for employment visas, now or in the future, for this job opening
Desired Characteristics
Bachelor's Degree in Accounting, Finance, Business or related discipline.
MBA degree.
Legal documentation: Prior experience negotiating legal documentation.
Successful track record in FHA mortgage lending industry.
5
yrs financial experience in the real estate lending industry and must be specific to healthcare real estate underwriting.
5
yrs. relevant experience directly associated with FHA insured mortgages in a national arena is preferred.
minimum 3 years of credit experience is preferred with proven ability in handling large, complex, or specialty loans.
Regulatory
Experience: Recent experience in a regulated bank type environment.
Collaboration skills: Working effectively in cross functional team environment and leading cross-functional teams.
Well-developed communication skills: Clearly articulates view point verbally and in writing, fostering confidence when sharing/ presenting information.
Systems proficiency: Proficient in Microsoft Office, including Word, Outlook and Excel and demonstrated ability to learn new systems quickly.Estimated Salary: $20 to $28 per hour based on qualifications.
GE Capital
Vice President- HUD underwriter
About Us
GE Capital Healthcare Real Estate, Inc. is a newly formed corporation created solely for the purpose of conducting business under FHA/HUD multi-family lending programs and the Ginnie Mae MBS Program. The Company will serve as the HUD LEAN lending platform for GE Healthcare Financial Services, Inc (GE HFS). GE HFS is a leading middle-market commercial healthcare lender that originates and manages on behalf of GECC and its affiliates approximately $11 billion in healthcare assets, $4.5 billion of which are healthcare real estate loans secured by senior housing developments, assisted living communities, skilled nursing facilities and medical properties. On behalf of GECC and its affiliates, GE HFS provides customized healthcare real estate financing solutions, including first mortgages, acquisition and interim financing, capital improvements financing, and sale leasebacks for healthcare operators, real estate developers and investors.
Role Summary/Purpose
GE is an equal opportunity employer, offering a great work environment, challenging career opportunities, professional training and competitive compensation. GE Capital Healthcare Real Estate, Inc. is seeking experienced, HUD LEAN approved underwriter.This individual will be responsible for underwriting duties as defined by the Department of Housing & Urban Development's Multifamily Accelerated Processing (MAP) guide,the LEAN Underwriting Guidelines & in conformance with all other HUD/FHA guidelines,statutes,regulatory & administrative requirements. Individual must be approved as a MAP Underwriter and HUD LEAN underwriter by FHA
Essential Responsibilities
Leads the underwriting and approval of new credit requests and credit line renewals for existing customers
Negotiates terms and conditions for transactions and works with cross-functional teams to ensure appropriate documentation.
Leads or directly involved in underwriting and documenting large structured loan transactions.
Prepares risk assessments and presents senior management with a clear and consistent approach to mitigate credit, political, legal, regulatory and other relevant risks.
Manages, monitors and reports on portfolio of accounts. Manages accounts to ensure customer retention and performance to specifications.
Performs rigorous analysis of transactions and resolves problem accounts in partnership with other teams and specialists.
May oversee portfolio management responsibilities of junior team member.
Coaches and develops junior team members
Ensures compliance in credit policies and procedures
Qualifications/Requirements
Basic
Qualifications:
Bachelor's Degree with at least 8 years of experience in finance, accounting or banking industries or high school diploma/ GED and at least 12 years of finance or accounting experience including financial analysis, preparing financial information and interpreting financial performance.
Prior experience in financial statement analysis, financial modeling and valuation.
Prior experience preparing financial information, interpreting financial performance and assessing risk exposure.
Prior experience preparing and delivering presentations to management and peers.
Approved as a MAP Underwriter and HUD LEAN Underwriter by FHA.
Eligibility
Qualifications:
Must submit your application for employment through gecareers.com to be considered (Internals via COS)
Must be 18 years or older
Must be willing to comply with pre-employment screening, including but not limited to drug testing, reference verification, and background check.
Must be willing to travel up to 20% of the time.
Must be willing to work out of an office in Bethesda, MD.
Legal authorization to work in the U.S. is required. We will not sponsor individuals for employment visas, now or in the future, for this job opening
Desired Characteristics
Bachelor's Degree in Accounting, Finance, Business or related discipline.
MBA degree.
Legal documentation: Prior experience negotiating legal documentation.
Successful track record in FHA mortgage lending industry.
5
yrs financial experience in the real estate lending industry and must be specific to healthcare real estate underwriting.
5
yrs. relevant experience directly associated with FHA insured mortgages in a national arena is preferred.
minimum 3 years of credit experience is preferred with proven ability in handling large, complex, or specialty loans.
Regulatory
Experience: Recent experience in a regulated bank type environment.
Collaboration skills: Working effectively in cross functional team environment and leading cross-functional teams.
Well-developed communication skills: Clearly articulates view point verbally and in writing, fostering confidence when sharing/ presenting information.
Systems proficiency: Proficient in Microsoft Office, including Word, Outlook and Excel and demonstrated ability to learn new systems quickly.Estimated Salary: $20 to $28 per hour based on qualifications.
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