NorthMarq is seeking a FHA Processor Analyst that will be for working with the FHA Underwriter as loan transactions are underwritten according to the Department of Housing & Urban Development's Multifamily Accelerated Processing (MAP) and LEAN guidelines and in conformance with all other HUD/FHA and NMCF’s guidelines, statutes, regulatory and administrative requirements.
**If you have any questions on this position, please contact Maria Sather in Human Resources with NorthMarq, a application is required to be considered**
Manage multiple loan transactions including tracking progress of multiple parties and components, determining next steps, assigning tasks and managing to project deadlines.
Assist the FHA Underwriter in the preparation of the narrative summary, as the specific transaction necessitates.
Review and analyze all due diligence documentation.
Review and assess mortgage credit information in order to confirm the creditworthiness of individual and corporate participants. Recommend approval or remediation of mortgage credit issues.
Assist the FHA Underwriter in performing site inspections to verify accuracy of third party recommendations, determine suitability of value conclusions and confirm satisfaction of HUD and corporate requirements.
Point of contact for internal and external parties for inquiries regarding project details, status, analysis, documentation and recommendations. Manage communication of project participants to ensure project deadlines are met. Verify revisions are made to appropriate documents and vetted to appropriate parties.
Research and provide interpretation of special issues for HUD/FHA statutory and regulatory compliance for underwriting and production management staff as well as borrowers and their development team members.
Advise participants regarding selection of appropriately experienced third party vendors.
Review and analyze third party reports as determined by the FHA Underwriter, assuring conformance with regulatory and corporate requirements. Develop and compile comments, negotiate revisions and verify completion of changes requested. Research unique issues including options for mitigation. Complete procedures for multiple report drafts to ensure a satisfactory final product. Monitor completion of reports to project deadlines.
Review monthly financial statements and rent roll through HUD processing to ensure conclusions remain consistent. Take appropriate action if results negatively impact submission.
Review loan narrative, underwriting workbook, and forms for clarity, consistency, and accuracy for submission to loan committee and HUD/FHA.
Schedule, participate in, and when called upon, lead conference calls with borrower, third parties, and HUD.
Attend FHA industry-wide meetings and NorthMarq meetings as required by the FHA Chief Underwriter.
Education: Bachelor's Degree required, preferably in Business, finance, or real estate.
Work Experience: Experience in Finance or Real Estate. Background in commercial lending or FHA desired.
Demonstrated Technical and Professional Competencies:
Strong skills in Microsoft Outlook, Excel, and Word
Familiar with commercial real estate loan terminology
Strong analytical and modeling skills
Excellent oral and written communication skills
Customer service oriented
Strong organizational and prioritization skills
Ability to work both independently and within a team, with minimal supervision
Ability to handle multiple projects and assignments; able to prioritize and meet deadlines
Demonstrated work ethic and willingness to work extended hours when necessary
Attention to detail and accuracy required
Problem solving skills to reflect level of responsibilities
Ability to maintain sensitive and confidential information
Ability to maintain positive attitude in all situations
For nearly 60 years, NorthMarq has been a capital markets provider of debt, equity, and loan servicing to commercial real estate investors through its regional offices from coast-to-coast. Our expanded platform now includes investment sales for multifamily assets, further broadening our commitment to building stronger relationships that deliver better results throughout the entire life of ownership.
As a leading capital markets provider, NorthMarq has decades of expertise built on strong relationships. As the company grows, the foundation built on our core values—integrity, respect and community—is critical. We pride ourselves on quality, customer service excellence and results.
We know our most valuable asset is our employees. Recruiting and retaining the best people in the industry is critical to our ongoing success. Each of our employees has opportunities for personal growth and works in a place where results are rewarded. Across all of our 30+ offices, we have a strong sense of camaraderie united by our corporate headquarters in Minneapolis, Minnesota.
We are privately owned, part of the Pohlad Companies family of businesses.