Loan Administration Officer

***THIS RECRUITMENT MAY CLOSE WITHOUT FURTHER NOTICE DEPENDING ON THE NUMBER OF APPLICATIONS RECEIVED. APPLICANTS ARE ENCOURAGED TO APPLY AS SOON AS POSSIBLE***

The Department of Business and Industry is recruiting to fill a Loan Administration Officer position within the Homeownership Programs Section of the Housing Division in Carson City. The incumbent will be responsible for administering and overseeing single-family housing finance programs including bond-funded first mortgage programs down payment assistance and second mortgage initiatives with occasional travel as required. Serving as a technical and operational lead the incumbent coordinates loan program operations lender relations rate and bond monitoring compliance review reporting and training activities while ensuring adherence to state federal and investor requirements. Additionally they work closely with lenders Realtors system partners and internal staff to support program delivery develop procedures manage operational risk and provide guidance on complex loan scenarios. They also support staff development and workflow coordination and contribute to efficient program administration regulatory compliance and effective service to Nevada homebuyers and housing partners.

Bachelors degree from an accredited college or university in business administration finance accounting or related field and three years of progressively responsible financial experience in mortgage lending or mortgage loan administration; OR graduation from high school or equivalent education and five years of progressively responsible financial experience in mortgage lending or mortgage loan administration; OR an equivalent combination of education and experience as described above.

Administer a single and/or multi-family housing program by planning and coordinating activities and directing implementation; assess program weaknesses and make recommendations for improvements; develop office controls and processing systems for the efficient and effective flow of work and funds.

Supervise and evaluate the performance of professional and technical staff to include selection training motivation work assignment and review and discipline.

Assist in the development of the annual work plan including determining housing priorities and providing procedures and programs based upon information gathered and analyzed.

Review and evaluate applications and supporting documentation determine eligibility and make recommendations for approval or denial; notify applicants of determinations.

Conduct training workshops on project compliance and the completion of required documentation.

Conduct and/or direct staff in analyzing and underwriting applications.

Manage a single-family and/or multi-family portfolio to ensure compliance with program federal and State requirements and regulations; monitor single-family delinquency levels to ensure bond ratings on new issues are not jeopardized.

Review reports income verifications and tenant certifications and conduct on-site physical inspections to determine physical condition of the project and compliance with regulations; notify project owners of non- compliance and follow up to ensure resolutions.

Review and analyze budget expense and financial statements on existing projects for compliance and potential defaults on loans and agreements.

Monitor servicer activities research problems and develop implement and monitor courses of corrective action to ensure compliance with federal and State requirements and regulations.

Monitor federal and State legislation and regulatory processes regarding issues pertinent to multi-unit housing projects; make recommendations for necessary program changes.

Perform related duties as assigned.

Working knowledge of: Department of Housing and Urban Development (HUD) guidelines Federal Housing Administration (FHA)-insured Department of Veterans Affairs (VA)-guaranteed private insurance and Housing Division laws and regulations pertaining to single-family and multi-family mortgage lending; supervisory techniques including selection training motivation work assignment and review and discipline; rules regulations and policies as related to loan delinquency requirements and procedures.

General knowledge of: Internal Revenue Code (IRC) related to either a single-family or multi-family mortgage revenue bond program.

Ability to: compute ratios rates and percentages to calculate income ratios determine liquid assets and calculate gains and losses of interest; analyze and interpret a variety of rules and regulations related to single and multi- family mortgage lending; analyze a variety of factors pertaining to credit and mortgage analysis such as budget expense and financial statements; make oral group presentations to explain new programs and program procedures; establish and maintain cooperative working relationships.

Skill in: written English sufficient to compose reports and business correspondence.

Recruiter Contact Information: Kara Carmonne-

The State of Nevada is an equal opportunity employer dedicated to building diverse inclusive and innovative work environments with employees who reflect our communities and enthusiastically serve them. All applicants are considered without regard to race color national origin religion or belief age disability sex sexual orientation gender identity or expression pregnancy domestic partnership genetic information (GINA) or compensation and/or wages.

Please send direct Inquiries or correspondence to the recruiter listed on this announcement.