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LOAN SPECIALIST (REALTY) (LOAN GUARANTEE UNDERWRITER)

Department of Housing and Urban Development
Assistant Secretary for Public and Indian Housing
This job announcement has closed

Summary

This position is located at Department of Housing and Urban Development, Assistant Secretary for Public and Indian Housing.

This opportunity is also open to Status eligibles under announcement 22-HUD-1382. Please refer to that announcement for details on open period, eligibility, and how to apply.

Overview

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Hiring complete
Open & closing dates
05/03/2022 to 05/16/2022
Salary
$89,834 to - $116,788 per year
Pay scale & grade
GS 12
Location
2 vacancies in the following location:
Washington, DC
Remote job
No
Telework eligible
Yes—as determined by the agency policy.
Travel Required
Occasional travel - You may be expected to travel for this position.
Relocation expenses reimbursed
No
Appointment type
Permanent
Work schedule
Full-time
Service
Competitive
Promotion potential
12
Job family (Series)
Supervisory status
No
Security clearance
Not Required
Drug test
No
Announcement number
22-HUD-1383-P
Control number
652133500

This job is open to

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Clarification from the agency

U.S. citizens or U.S. Nationals; no prior Federal experience is required.

Duties

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As a LOAN SPECIALIST (REALTY) (LOAN GUARANTEE UNDERWRITER), you will:

  • Work under the supervision of the Director and Deputy Director and is responsible for underwriting and the oversight and review of Direct Guarantee underwriting.
  • Perform individual case underwriting (i.e. test cases for new Direct Guarantee Lenders, HUD employee reviews and claim files) approximately 50% of the time.
  • Analyze the risk inherent in the issuance of a loan guarantee on mortgages for one-to-four family loans to determine if a property is an acceptable risk, and to determine the credit eligibility of the mortgagors and to assure compliance with statutory, regulatory and administrative requirements.
  • Perform technical desk review of the Direct Guarantee Underwriter's analysis to verify the consistency, accuracy and reliability of ratings on all elements of risk, relating to the underwriting of the appraisal and of the borrower's credit-worthiness; issues performance ratings of Direct Guarantee Underwriter's work; issues instructive and corrective commentary for the maintenance and improvement of the underwriting performance as a Direct Guarantee underwriter.
  • Monitor Direct Guarantee Underwriter and Lender activities and refers situations and questionable practices that may affect their further participation in HUD/ONAP programs to the Supervisor.

Requirements

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Conditions of employment

The official duty station for this position will be in Washington, District of Columbia. Failure to report to duty at this location may be grounds for a disciplinary action, including removal.

Key Requirements:

  1. Please refer to "Conditions of Employment."
  2. Must be U.S. Citizen or U.S. National

Qualifications

You must meet the following requirements by the closing date of this announcement.

Specialized Experience: For the GS-12, you must have one year of specialized experience at a level of difficulty and responsibility equivalent to the GS-11 grade level in the Federal service. Specialized Experience for this position includes:

To fully meet the specialized experience for the GS-12 you MUST meet the first two bullets AND one of the two final bullets. Specialized experience for this position includes:
- Direct Endorsement (DE) Underwriting or VA Credentialed Underwriting review of residential property appraisals; AND
- DE underwriting or VA Credentialed Underwriting of borrowers' credit analysis and credit worthiness; AND
- DE or VA Credentialed Underwriting approval or rejection of residential mortgage applications, OR
- Applying FHA or VA residential property and credit underwriting requirements and procedures to render a credit decision on residential mortgage loan applications.


Experience may have been gained in either the public, private sector or volunteer service. One year of experience refers to full-time work; part-time work is considered on a prorated basis. To ensure full credit for your work experience, please indicate dates of employment by month/day/year, and indicate number of hours worked per week on your resume.

Education

The education generally must be from an accredited (or pre-accredited) college or university recognized by the U.S. Department of Education. If you are qualifying based on foreign education, you must submit proof of creditability of education as evaluated by a credentialing agency. Refer to the OPM instructions.

Additional information

OTHER INFORMATION:

  • We may select from this announcement or any other source to fill one or more vacancies.
  • Relocation expenses will not be paid.
  • Relocation incentive will not be paid.
  • Recruitment incentive will not be paid.
  • This is a bargaining unit position.
  • This position is Non-Exempt from the Fair Labor Standards Act (FLSA).
  • HUD offers alternative and flexible work schedules.
CONDITIONS OF EMPLOYMENT:
  • A one year probationary period may be required.
  • Must successfully complete a background investigation.
  • Complete a Declaration for Federal Employment to determine your suitability for Federal employment, at the time requested by the agency.
  • Have your salary sent to a financial institution of your choice by Direct Deposit/Electronic Funds Transfer.
  • If you are a male applicant born after December 31, 1959, certify that you have registered with the Selective Service System or are exempt from having to do so.
  • Go through a Personal Identity Verification (PIV) process that requires two forms of identification from the Form i-9. Federal law requires verification of the identity and employment eligibility of all new hires in the U.S.
  • Obtain and use a Government-issued charge card for business-related travel.

To ensure compliance with an applicable preliminary nationwide injunction, which may be supplemented, modified, or vacated, depending on the course of ongoing litigation, the Federal Government will take no action to implement or enforce the COVID-19 vaccination requirement pursuant to Executive Order 14043 on Requiring Coronavirus Disease 2019 Vaccination for Federal Employees. Therefore, the requirement that applicants must be fully vaccinated against COVID-19 pursuant to E.O. 14043, does not currently apply. Federal agencies may request information regarding the vaccination status of selected applicants for the purposes of implementing other workplace safety protocols, such as protocols related to masking, physical distancing, testing, travel, and quarantine.

HUD employees are subject to a number of government-wide and HUD specific ethics laws and regulations, including restrictions on working in a real estate related business, and having Section 8 tenants, along with other prohibited interests and activities. To review applicable ethics rules and HUD specific restrictions, please visit https://portal.hud.gov/hudportal/HUD?src=/program_offices/general_counsel/ethics.

How you will be evaluated

You will be evaluated for this job based on how well you meet the qualifications above.

Your application includes your résumé, responses to the online questions, and required supporting documents. Please be sure that your résumé includes detailed information to support your qualifications for this position; failure to provide sufficient evidence in your résumé may result in a "not qualified" determination.

Rating: Your application will be evaluated in the following areas: Communication, Specialized Experience, Systems and Technology, and Technical .

Category rating will be used to rank and select eligible candidates. If qualified, you will be assigned to one of three quality level categories: Best (highest quality category), Better (middle quality category), or Good (minimally qualified category) depending on your responses to the online questions, regarding your experience, education, and training related to this position. Your rating may be lowered if your responses to the online questions are not supported by the education and/or experience described in your application.

Veterans' preference is applied after applicants are assessed. Preference-eligibles will be listed at the top of their assigned category and considered before non-preference-eligibles in that category.

Qualified preference-eligibles with a compensable service-connected disability of 10% or more will be listed at the top of the highest category.

Referral: If you are among the top qualified candidates, your application may be referred to a selecting official for consideration. You may be required to participate in a selection interview.

If you are a displaced or surplus Federal employee (eligible for the Career Transition Assistance Plan (CTAP)/Interagency Career Transition Assistance Plan (ICTAP)) you must receive a rating of at least 84 out of 100 to be rated as "well qualified" to receive special selection priority.

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