State of Maryland

A Loan/Insurance Underwriter II, Single Family is the full performance level of work evaluating the risk involved in granting loans or insurance for single family home mortgages for the Maryland Department of Housing and Community Development.  Employees in this classification do not supervise other positions.

Employees in this classification receive general supervision from a Loan/Insurance Underwriter Supervisor, Single Family or other administrative personnel.

Positions in this classification are evaluated by using the classification job evaluation methodology.  The use of this method involves comparing the assigned duties and responsibilities of a position to the job criteria found in the Nature of Work and Examples of Work sections of the classification specification.

The Loan/Insurance Underwriter Trainee, Loan/Insurance Underwriter I, Single Family and Loan/Insurance Underwriter II, Single Family are differentiated on the basis of degree of supervisory control exercised by the supervisor over these employees.  The Loan/Insurance Underwriter Trainee learns to perform duties under close supervision. The Loan/Insurance Underwriter I, Single Family performs duties under close supervision at times and under general supervision at other times depending on the complexity of the specific duty being performed.  The Loan/Insurance Underwriter II, Single Family performs the full range of duties and responsibilities under general supervision.  The Loan/Insurance Underwriter II, Single Family is differentiated from the Loan/Insurance Underwriter Supervisor, Single Family in that the Loan/Insurance Underwriter Supervisor, Single Family has supervisory responsibility for lower-level Loan/Insurance Underwriters, Single Family.

Reviews and analyzes project information, including cash flow and debt service computations and cost certification, to determine if buyer, property and loan conditions meet State standards;

Reviews applications for compliance with federal and State rules and regulations, and program emphasis;

Determines the amount of funding needed by the applicant to secure a mortgage loan or insurance for a single family home;

Performs underwriting analysis to determine acceptability and the degree of risk of projects to the State;

Recommends approval or denial of underwriting requests based on financial risk to State;

Monitors construction draws and sales of approved projects;

Devises plans to avert or minimize losses to the State on guaranteed loans or insurance;

Acts as liaison with private lenders to explain State program requirements for single family mortgage loans or insurance;

Prepares status reports on project information for supervisors;

May conduct lender training;

May assist in developing procedures to improve and facilitate loan processing for mortgage loans or insurance for single family homes;

Performs other related duties.

Knowledge of mortgage loan and mortgage insurance analysis and evaluation;

Knowledge of federal and State housing programs;

Knowledge of real estate law;

Knowledge of financial and accounting practices;

Skill in evaluating the risk involved to the State in granting loans or insurance for single family mortgages;

Skill in evaluating debt service coverage, real estate sites and real estate markets;

Skill in interpreting financial statements;

Skill in using computerized spreadsheet applications and software;

Ability to perform arithmetic calculations;

Ability to develop and present reports, analyses and recommendations;

Ability to establish and maintain effective working relationships with bank officials, attorneys, equal opportunity officers and federal housing department staff.

Experience: Six years of experience evaluating the risk involved in granting loans or insurance for single family home mortgages.

Notes:

1. Candidates may substitute the possession of a Bachelor's degree from an accredited college or university in Business Administration, Management, Finance or related field and two years of experience evaluating the risk involved in granting loans or insurance for single family home mortgages for the required experience.

2. Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer in loan specialist classification or loan specialist specialty codes in the loan specialist field of work on a year-for-year basis for the required experience.

Class specifications are broad descriptions covering groups of positions used by various State departments and agencies. Position descriptions maintained by the using department or agency specifically address the essential job functions of each position.

This is a Skilled Service classification in the State Personnel Management System.  All positions in this classification are Skilled Service positions.  Some positions in Skilled Service classifications may be designated Special Appointment in accordance with the State Personnel and Pensions Article, Section 6-405, Annotated Code of Maryland.

This classification is assigned to Bargaining Unit G, Engineering, Scientific and Administrative Professionals classes.  As provided by State Personnel and Pensions Article, Section 3-102, special appointment, temporary, contractual, supervisory, managerial and confidential employees are excluded from collective bargaining.  Additionally, certain executive branch agencies are exempt from collective bargaining and all positions in those agencies are excluded from collective bargaining.

This classification is one level in a Non-Competitive Promotion (NCP) series.  NCP promotions are promotions by which employees may advance in grade and class level from trainee to full performance levels in a classification series.  In order to be non-competitively promoted to the next level in a NCP series, an employee must: 1) perform the main purpose of the class as defined in the Nature of Work section of the class specification; 2) receive the type of supervision defined in the class specification, and 3) meet the minimum qualifications of the classification.