Skip to main content
U.S. flag
Back to results

Underwriter

Department of Housing and Urban Development
Assistant Secretary for Housing-Federal Housing Commissioner
This job announcement has closed

Summary

This position is located in the Department of Housing and Urban Development, Asst Secretary for Housing-Federal Housing Commissioner.

If you do not meet any of the categories listed below, you may wish to apply under announcement 23-HUD-1059-P which is open for any U.S. citizen to apply. Please refer to that announcement for details on open period, eligibility, and how to apply.

Overview

Help
Reviewing applications
Open & closing dates
02/28/2023 to 03/21/2023
Salary
$92,279 to - $119,964 per year
Pay scale & grade
GS 12
Location
1 vacancy in the following location:
Chicago
Remote job
No
Telework eligible
Yes—as determined by the agency policy.
Travel Required
Occasional travel - 1-5 days per month.
Relocation expenses reimbursed
No
Appointment type
Permanent
Work schedule
Full-time
Service
Competitive
Promotion potential
12
Supervisory status
No
Security clearance
Other
Drug test
No
Announcement number
23-HUD-1058
Control number
709234900

This job is open to

Help

Clarification from the agency

All candidates who meet the following are eligible to apply for this job: Current or former federal employees qualifying as Status Candidates, Federal employees currently serving on a VRA, VEOA eligibles, CTAP/ICTAP eligibles, eligible for special hiring authorities (e.g., the Schedule A appointment for persons with disabilities, or covered by an Interchange Agreement, or Land Management employees eligible under Public Law 114-47).

Duties

Help

As an Underwriter, you will:

- Assume responsibility for each assigned project's overall application, processing, construction, closing, management control, coordination and execution in accordance with HUD's published guidelines and guidance.
- Implement team decisions, applicable regulations and policy in the development of the project.
- Negotiate and integrate all agency functions including underwriting, planning, design review, cost engineering, appraisal, credit evaluation and approval, loan closing, construction, start-up and long term management systems and sponsor customer needs.
- Serve as the primary point of contact for projects assigned with senior HUD management, the sponsor, representatives of other Federal, state and local government agencies, and other external organizations.
- Arrange and conduct initial Concept Meetings with prospective FHA lenders and owners of multifamily properties, leads discussion of all FHA insurance underwriting considerations, including the location and nature of the project, the timing constraints of other financing commitments, the qualifications and good standing of the owner, lender, and other key parties involved, etc.

Requirements

Help

Conditions of employment

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

Key Requirements:
  • Must be U.S. Citizen or U.S. National.
  • 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.
  • Please refer to "Additional Information Section for additional Conditions of Employment."

Qualifications

You must meet the following requirements within 30 days of the closing date of this announcement.

Specialized Experience: For the GS-12 grade level, you must have one year (52 full weeks) 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:

- Utilizing a range of concepts, principles, and practices to finance, originate, underwrite or develop construction or recapitalization of multifamily properties (5 or more units) such as: rental apartment or multifamily cooperative buildings with features such as commercial space, condominium space, age-restrictions or sites with environmental concerns.
Examples of such experience may include:
- Providing technical advice and policy guidance on multifamily development financing and underwriting related issues; OR
- Approving, analyzing, designing, constructing, or operating multifamily apartments using FHA/HUD multifamily mortgage insurance programs, conventional multifamily lending, or subsidized housing programs. Subsidized housing programs include: Low Income Housing Tax Credits, Project-based Section 8 programs, Section 202 or Section 811 Capital Advance programs, Public Housing Programs, Rural Housing Service loans, or other multifamily mortgage programs with direct government subsidies; OR
- Providing oversight or performing underwriting functions, including analyzing and resolving obstacles to successful completion of multifamily housing loan origination or underwriting of market rate transactions and using multiple sources of financing on subsidized properties.

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.

Time-in-Grade: In addition to the above requirements, you must meet the following time-in-grade requirement, if applicable:
For the GS-12 you must have been at the GS-11 level for 52 weeks.

Time After Competitive Appointment: Candidates who are current Federal employees serving on a non-temporary competitive appointment must have served at least three months in that appointment.

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 isNon-Exemptfrom the Fair Labor Standards Act (FLSA).
  • HUD offers alternative and flexible work schedules.
CONDITIONS OF EMPLOYMENT (CONTINUED):

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: Administrative Management, Communication, Leadership, and Technical.

Your application will be rated and ranked among others, based on your responses to the online questions, regarding your experience, education, training, performance appraisals and awards relevant to the duties of 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.

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.

Your session is about to expire!

Your USAJOBS session will expire due to inactivity in 8 minutes. Any unsaved data will be lost if you allow the session to expire. Click the button below to continue your session.