State of Maryland

A Loan/Insurance Underwriter Supervisor, Single Family is the supervisory 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 supervise lower-level Loan/Insurance Underwriters, Single Family.

Employees in this classification receive general supervision from an administrator in the Department of Housing and Community Development.

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 Supervisor, Single Family is differentiated from Loan/insurance Underwriter II, Single Family in that the Loan/Insurance Underwriter Supervisor, Single Family has supervisory responsibility for lower-level Loan/Insurance Underwriters, Single Family while the Loan/Insurance Underwriter II, Single Family performs the full range of duties and responsibilities under general supervision.

Plans, coordinates, supervises and evaluates the work of lower-level Loan/Insurance Underwriters, Single Family and other related support staff;

Trains lower-level Loan Insurance Underwriters, Single Family;

Reviews all contracts, closing papers and other documents on proposed single family home mortgages and insurance for completeness, accuracy and compliance with federal and State rules and regulations;

Assists higher level officials in developing, promulgating and implementing operating procedures and policy changes;

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;

Ability to plan, coordinate, supervise and evaluate the work of lower-level Loan/Insurance Underwriters, Single Family.

Experience: Eight 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 four 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 not assigned to a bargaining unit as indicated by the designation of S (supervisor), M (manager), T (agency head), U (Board or Commission member), W (student), X (Used by agency or excluded by executive order), or Z (confidential). 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 therefore, all positions in those agencies are excluded from collective bargaining.