Residential Care Facilities - LEAN/MAP Loan Underwriter

NuvoLogic Consulting is a management consulting company in the Northern Virginia area. We engage with public and private sector clients with a primary focus on financial services and mortgage finance. We help our clients in the areas of finance, accounting and operations to support CFO, budget, audit readiness, and risk management functions; business and data analytics to help management make insightful decisions; internal controls, compliance and governance to ensure processes are compliant with regulatory guidance; and process improvements to explore and implement efficient approaches.

NuvoLogic is a growing company and we are looking for individuals to grow with us. We are looking for consultants who not only have strong technical skills, but are well-rounded, analytical, detail oriented, inquisitive, problem solvers. We encourage you to share ideas and explore innovation, but also inspire you to implement those ideas and think big. We foster a collaborate and supportive environment where you can do your best work and think of your greatest ideas.

Job Description

The Loan Underwriting Analyst position will perform underwriting due diligence reviews of loans for residential care facilities, assisted living facilities, and skilled-nursing facilities in support of the U.S. Department of Housing and Urban Development’s (HUD’s) Office of Healthcare Programs.  

Responsibilities

• Review, analyze, or conduct underwriting due diligence for residential healthcare facilities to include review of: 

• Appraisals of residential healthcare facilities, 
• Physical condition reports of residential healthcare facilities, 
• Credit histories and determining credit worthiness of multifamily borrowers, operators, and/or management agents, 
• Financial statements of properties and participants, 
• Quality of care issues/professional liability insurance in residential healthcare facilities. 

• Review new and renewal loan applications to facilitate and ensure their compliance with HUD’s lending guidance per the Multifamily handbook 

• Underwrite complex transactions with complicated borrower structures and unique property or market characteristics 

• Monitor a loan pipeline and promptly complete underwriting review of new loans and resubmittals

• Work in a team environment with other underwriters and closers to contribute to overall processing goals 

• Work directly with lenders to ensure all loan documents are complete and shared in a timely manner 

• Communicate analysis and conclusions in verbal and written formats for both technical and non-technical audiences 

Requirements

• A bachelor’s degree in finance, business or similar program 
• At least four years of FHA underwriting experience, with experience processing Residential Healthcare loans 
• Must be an approved MAP or LEAN Underwriter 
• Strong knowledge of real estate and mortgage finance terminology and concepts 
• Excellent analytical skills and technical writing skills (including grammar, editing, and proofreading skills to draft underwriting narratives and loan committee packages) 
• Ability to prioritize tasks with strong time management skills 
• Strong organizational skills  
• Work productively and accurately in a fast-paced environment with multiple projects and stringent deadlines. 
• Organized and detail oriented 
• Critical thinking and problem-solving skills. 

• Accepting 1099 contractors

Benefits

• Health Care Plan (Medical, Dental & Vision)
• HSA, FSA, and Commuter Benefits
• Life Insurance (Basic, Voluntary & AD&D)
• Retirement Plan (401k, IRA)
• Paid Time Off (Vacation, Sick & Public Holidays)
• Short-Term & Long-Term Disability
• Remote or Hybrid Work