Transactions Underwriter

ORIX USA • Full-time • Columbus, OH • 1d ago

Purpose and Job Summary:
The Transaction Underwriting Associate, FHA/USDA Transactions – Agency Risk (FHA Asset Management)will underwrite and process FHA/USDA Healthcare and Multifamily post-closing transactions and requests, which include loan assumptions (Full TPA/CHOP), transfers of interest (Modified TPA/CHOP), and changes of facility operator. The position coordinates and works with bankers, associates, external counsel, government agency personnel, and any other third parties to carry out post-closing transactions and requests. The candidate’s primary responsibilities are to 1) deliver outstanding internal and external customer service regarding post-closing transactions and requests; 2) underwrite credit submissions and recommendations for Management approval; 3) manage the credit approval process and handoff to Asset Management in a timely manner; and 4) monitor compliance with loan terms and government agency loan program guidelines. This position reports to the Associate Director of FHA/USDA Transactions – Agency Risk.

Essential Duties and Responsibilities:

Facilitates and diligently documents initiation, progress, and completion of post-closing transactions such as loan assumptions (Full TPA or CHOP), transfers of interest (Modified TPA or CHOP), and changes of facility operator.
Maintains loan servicing files with detailed documentation in an organized manner.
Processes and documents any change in borrower, operator, or management agent contact information.
Ensure that all job functions are executed in compliance with investor requirements and internal policies and procedures.
Provide excellent customer service by timely and effectively communicating between all internal and external transaction parties involved and handle to conclusion.
Underwrite transactions related to loans collateralized by various asset types.
Collect, review, and analyze property and sponsor financial statements per agency guidelines.
Review all due diligence material provided for a transaction. Provide prompt and accurate analysis, and ensure programmatic requirements are met for each transaction. Candidate will ensure any deviation is clearly documented and approved by all required parties.
Critically review, evaluate, and approve any required third party reports to assess alignment with program requirements.
Provide timely portfolio status updates to management team.
Actively participate in updating and improving department processes and procedures.
Assess physical condition of property collateral by reviewing property inspections and third-party reports.
Prepare and present final credit packages addressing the creditworthiness of the sponsorship and the real estate for senior management review.
Comply with agency credit package submission guidelines and timeframes as described in respective servicing guides.
Clearly manage and communicate underwriting process, approval and closing timelines among all internal and external transaction parties.
Demonstrates strong working knowledge of all deals and project assignments.
As needed, follow up with closing coordinator and legal counsel to collect any missing loan documents, and disseminate pertinent insurance, tax, and other information from closing.
Set up appropriate follow-up systems to manage ongoing compliance with loan document covenants and ensure proper file set-up.
Ensure all loan related system changes per specific loan documentation and/or Ginnie Mae requirements are completed.
Ensure final underwriting files and approvals are documented accurately and completely and are compliant with Lument’s loan file policy.
Cross-train in all areas of department to gain full understanding of all aspects of departmental responsibilities.
Provide internal transparency in approval process by ensuring task management system and pipeline reports are updated and following up with transaction party members in an accurate and timely manner.
Participate and present transactions in credit meetings for discussion.
Works professionally and harmoniously with team and coworkers.
Other projects and duties as assigned

Education, Skills and Experience:

Bachelor’s degree in business administration, finance, accounting, political science/government, or related area.
Minimum of five years of progressive experience in commercial mortgage servicing or commercial real estate asset management is preferred. An equivalent combination of education and experience which clearly demonstrates knowledge and skillset to perform the job functions may be considered. HUD/FHA specific servicing or asset management experience is required. USDA specific servicing or asset management experience is preferred.
Excellent organizational, communication, presentation, and interpersonal skills.
Ability to plan, organize, and prioritize assignments, and to meet critical and established deadlines; Ability to manage multiple assignments and transactions simultaneously.
Demonstrated ability to maintain confidentiality and to use discretion in the performance of daily activities.
Professional business image and excellent command of the English language, both verbally and in writing (spelling, grammar, and punctuation).
Ability to learn quickly and demonstrated ability to work independently and as part of a high-performance team.
Flexibility and ability to work under pressure with tight deadlines and constant interruptions; Ability to adjust priorities in a changing environment.
Ability to work with and understand financial concepts and perform financial analysis on various asset types.
Strong computer literacy required, particularly regarding spreadsheet and word processing applications such as Microsoft Excel, Word, and PowerPoint.
An excellent customer service attitude.

Life at ORIX

We are committed to the health and well-being of our employees and offer a quality, competitive benefits package that provides valuable healthcare and financial protection for our workforce, while emphasizing a healthy work/life balance.

You Time

We want you to have the time needed to recharge and manage life with our competitive vacation policy, floating personal holidays, extensive leave options, our annual observed holidays, and more.

Family Care

Every family has a different journey and ORIX USA Group is proud to offer extensive benefit programs such as: infertility coverage, adoption support, child and elder care, fully paid maternity, and generous parental leave benefits to help you and your families along the way.

Flexible Work Arrangements

ORIX associates enjoy the advantages of our hybrid working model with a 3 day in-office minimum requirement.

ORIX USA is an equal opportunity employer, providing equal employment opportunities (EEO), and is committed to diversifying its workforce. All employees and applicants for employment will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, genetics, sexual orientation, gender identity or expression, pregnancy, protected veteran status or other status protected by law. This policy applies to all terms and conditions of employment.