State of Maryland

A Loan/Insurance Underwriter Assistant is the full performance level of specialized work providing staff support to Loan/Insurance Underwriters in 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 or other administrative personnel.  The work may require travel to housing sites.

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 Assistant is differentiated from a Loan/Insurance Underwriter I in that a Loan/Insurance Underwriter Assistant is responsible for gathering and verifying information in preparation of the loan or insurance application while the Loan/Insurance Underwriter I performs intermediate level technical underwriting tasks and presents recommendations to the decision‑making committee.

Provides information to mortgage applicants and to counterparts in other agencies;

Examines mortgage applications, preclosing and closing statements, and similar documents for completeness and accuracy;

Inspects rental projects that are receiving or may receive loans to obtain data on unit sizes, project amenities, rents, and utility costs;

Maintains records of the status of loans in the preclosing stage and advises higher level administrators of any issues or problems that may delay closing;

Attends preclosing conferences to get information about issues that remain to be resolved and additional documents that are needed;

Arranges conference calls or similar consultations between attorneys, loan officers, developers, etc. to solve problems prior to closing dates;

Attends loan closing meetings to notarize documents and assist with procedural matters;

Determines that all post closing issues have been settled and notifies fiscal unit that funds can be disbursed;

Completes loan closing transcripts;

Prepares a monthly report of open loan items, the date of last action, and current status;

Enters data on loans, sponsors and developers, market analysis, and similar matters into an automated information system;

Performs other related duties.

Knowledge of application practices and documents for mortgage loan and mortgage insurance;

Knowledge of lending forms and of loan closing transcripts;

Ability to gather or verify financial information;

Ability to inspect rental properties to gather prescribed information;

Ability to maintain complete and accurate files of loan or insurance applications in various stages of processing;

Ability to maintain information and prepare regularly scheduled reports concerning status of applications;

Ability to enter data into automated systems.

Experience:  Two years of experience providing administrative or clerical support in a housing program or lending operation.

Notes:

1. Candidates may substitute a certificate in Housing Finance and Development from the University of Maryland for the required experience.

2. Candidates may substitute education at an accredited institution of higher education in real estate, business administration, or banking at a rate of 30 credit hours for one year of the required experience.

3. Candidates may substitute U.S. Armed Forces military service experience as a non-commissioned officer in the Loan Specialist classification series or Loan Specialist specialty codes 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, 6-405, Annotated Code of Maryland.

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

Employees in this classification are eligible to receive overtime compensation.  An employee who works more than the normal workweek is entitled to be compensated for that overtime, as provided by the State Personnel and Pensions Article, Section 8-305.

January 6, 2022