FHA Asset Management – Transactions Underwriter

Purpose and

Job Summary:

The Transaction Underwriting Senior Associate, FHA/USDA Transactions – Agency Risk (FHA Asset Management) will underwrite and process FHA/USDA Healthcare and Multifamily post‑closing transactions and requests, which include loan assumptions (Full TPA/CHOP), transfers of interest (Modified TPA/CHOP), and changes of facility operator. The position coordinates and works with bankers, associates, external counsel, government agency personnel, and any other third parties to carry out post‑closing transactions and requests.

The primary responsibilities are: deliver outstanding internal and external customer service regarding post‑closing transactions and requests; underwrite credit submissions and recommendations for management approval; manage the credit approval process and handoff to Asset Management in a timely manner; and monitor compliance with loan terms and government agency loan program guidelines. This position reports to the Associate Director of FHA/USDA Transactions – Agency Risk.

• Facilitates and diligently documents initiation, progress, and completion of post‑closing transactions such as loan assumptions (Full TPA or CHOP), transfers of interest (Modified TPA or CHOP), and changes of facility operator.
• Maintains loan servicing files with detailed documentation in an organized manner.
• Processes and documents any change in borrower, operator, or management agent contact information.
• Ensures that all job functions are executed in compliance with investor requirements and internal policies and procedures.
• Provides excellent customer service by timely and effectively communicating among all internal and external transaction parties involved and handling to conclusion.
• Underwrites transactions related to loans collateralized by various asset types.
• Collects, reviews, and analyzes property and sponsor financial statements per agency guidelines.
• Reviews all due diligence material provided for a transaction, provides prompt and accurate analysis, and ensures programmatic requirements are met for each transaction. Any deviation is clearly documented and approved by all required parties.
• Critically reviews, evaluates, and approves any required third‑party reports to assess alignment with program requirements.
• Provides timely portfolio status updates to the management team.
• Actively participates in updating and improving department processes and procedures.
• Assesses the physical condition of property collateral by reviewing property inspections and third‑party reports.
• Prepares and presents final credit packages addressing the creditworthiness of the sponsorship and the real estate for senior management review.
• Complies with agency credit package submission guidelines and time frames as described in respective servicing guides.
• Clearly manages and communicates underwriting process, approval and closing timelines among all internal and external transaction parties.
• Demonstrates strong working knowledge of all deals and project assignments.
• As needed, follows up with the closing coordinator and legal counsel to collect any missing loan documents, and disseminates pertinent insurance, tax, and other information from closing.
• Sets up appropriate follow‑up systems to manage ongoing compliance with loan document covenants and ensures proper file set‑up.
• Ensures all loan‑related system changes per specific loan documentation and/or Ginnie Mae requirements are completed.
• Ensures final underwriting files and approvals are documented accurately and completely and are compliant with Lument’s loan file policy.
• Cross‑trains in all areas of the department to gain a full understanding of all aspects of departmental responsibilities.
• Provides internal transparency in the approval process by ensuring the task management system and pipeline reports are updated and by following up with transaction party members in an accurate and timely manner.
• Participates and presents transactions in credit meetings for discussion.
• Works professionally and harmoniously with team and coworkers.
• Performs other projects and duties as assigned.

• Bachelor’s degree…