LOAN SPECIALIST (REALTY)
GS-1165-14
(INCUMBENT ONLY)
1.
The incumbent, recognized as
an "expert" sought by peers, serves as the principal technical
resource staff person for the Quality Assurance Director for advice and
guidance on all matters pertaining to statutory and regulatory requirements and
other administrative directives. The Quality Assurance Director must he able to
place great reliance on technical information and analyses provided by the
incumbent. The incumbent may use delegated authority to sign correspondence
prepared by lower graded staff. Decisions and correspondence are generally
reviewed after the fact.
2.
The incumbent is considered an
expert senior staff member who personally performs duties involving especially
complex and controversial cases and develops solutions to issues that could
not be assigned less knowledgeable or less experienced staff. The incumbent
explains work requirements, methods, and procedures as needed, giving special
instructions on difficult or different operations, including advice and
guidance to lower graded employees within their technical discipline.
3.
The incumbent formulates and
issues verbal or written instructions and procedures and provides special
instructions for non-routine or complex assignments. The incumbent clarifies
published guidelines and explains regulatory requirements.
4.
The incumbent performs technical
reviews of work in progress or finished work products of colleagues for
accuracy, adequacy, and soundness. The incumbent makes recommendations for
improvement of work products, particularly where adherence to statutory or
regulatory requirements may be questionable. The incumbent assists in resolving
technical work problems not covered by established policies or procedures and
may develop solutions that are precedent setting, and in estimating and
reporting on expected time of completion of required work.
5.
The incumbent provides
on-the-job training to other employees. This includes providing information
about the policies, procedures, and practices of the particular multifamily
case being discussed as it relates to the work being accomplished. The
incumbent identifies and recommends to the Quality Assurance Unit Director
other formal and informal training needs.
Program
Implementation and Compliance Monitoring: Determines
the credit acceptability and financial capacity of mortgagors, sponsors (both
profit and not for-profit) and general contractors involved in the purchase,
refinance or development of multifamily housing projects, hospitals, nursing
homes, mobile home parks, group practice facilities and housing for the elderly
and disabled. Determines acceptability of nonprofit sponsors through an
analysis of their motives, experience and relationships and makes
recommendations concerning the acceptance of indemnity agreements whereby the
mortgagors assure project completion. Uses trade references, bank references,
credit data and construction experience resumes in analyzing the construction
capability of general contractors. Determines estimated financial requirements
and maximum mortgage amounts, terms and interest rates within statutory and
administrative limits consistent with costs, value and income estimates. Makes
an in-depth analysis of financial statements of sponsors and mortgagors to
determine working capital and assets available for closing/endorsement.
Develops
and maintains financial and economic data associated with the financing of
Multifamily Projects.
Determines
actual financial settlement requirements for initial development of multifamily
projects by analyzing HUD underwriting and administrative documents as well as
contractual agreements such as the construction contract and architect's
agreement. Determines the initial distribution of mortgage proceeds into
various accounts and maintains a record of control and disbursement thereafter.
Determines
construction cost, architect fees and carrying charges payable under request
for advances of multifamily mortgage or Section 202/811 Capital Advance Program
proceeds, preparing written reasons for modification as necessary. Approves
construction change orders and release of both on-site and off-site escrow
funds, citing special requirements or conditions of approval as necessary.
Reviews, evaluates and provides recommendations for
acceptance or rejection of multifamily mortgage credit processing completed by
contract (i.e. Delegated Processing I or II, Technical Discipline
Contracts) or by other HUD Offices. Monitors multifamily underwriting practices
of Housing Finance Agencies participating in the Risk Sharing Program.
Prepares written requests for additional information
on multifamily mortgage insurance or capital advance applications.
Coordination: Reviews multifamily processing by
lower grade specialists and fee contractors to advance their technical training
and development and to maintain quality and consistency in processing standards.
C. Communication and Representation. Internal and External to HUD
Work Relations: Serves as a member of the
processing team, calling for specific requirements and terms in the preparation
of firm commitments. Participates in intra and cross functional teams dealing
with complex issues. These commitments involve great amounts of money plus
obligating the Secretary of HUD. The accuracy and timeliness of performance has
a direct effect on the accomplishment of the Quality Assurance Unit, the Hub,
and Departmental goals.
Provides guidance and
direction to lower grade personnel within the assigned review team.
Supports
positive, cooperative working relationships within the Unit.
Client
Relations: Confers with representatives
of other agencies such as the Small Business Administration and the Veterans
Administration, in addition to sponsors, contractors, real estate agents,
mortgagors, and mortgagees. Describes for these representatives mortgage credit
procedures and requirements, particularly as it relates to multifamily programs.
Maintains a role as facilitator and provider of
technical information; uses creativity in problem solving with other staff in
projecting a positive, cooperative image for the Unit, the Hub, and the
Department; fosters partner-type relationships by attending regular meetings
with other Unit staff, industry and other interested parties to discuss
problems and issues related to the Unit's activities.