Job Description

Category
Mortgage
Position Type
Full-Time/Regular
Job Location
7830 Old Georgetown RoadBethesda, Maryland
Tracking Code
1551-948

EAGLEBANK OVERVIEW:

Eagle Bancorp, Inc. headquartered in Bethesda, MD, was incorporated in 1997 to serve as the bank holding company for EagleBank. Eagle Bancorp is a publicly traded company under the symbol EGBN. EagleBank commenced banking operations on July 20, 1998, and currently operates 20 banking offices: six in Suburban, Maryland, five located in the District of Columbia; and nine in Northern Virginia. The Bank was founded to specifically address the business and personal needs of local business owners. It has been answering and exceeding those needs for over 20 years, providing custom financial solutions, local access to senior management, quick response, local decision-making, and a deeply-rooted dedication to the local community.

Our Mission is to be the most respected and profitable community bank by putting relationships first to the delight of our customers, employees, and shareholders, and relentlessly deliver the most compelling service and value. Eagle Bank’s Values are: Relationships F·I·R·S·T: Flexible, Involved, Responsive, Strong, and Trusted.

GENERAL SUMMARY:

  • Manages and provides leadership to the underwriting team.
  • Directly hires, trains, conduct reviews, performance management, mentors, actively supervise and develop talent within the underwriting team.
  • Responsible for HUD credit approval of quality decisions for transactions
  • Evaluates applications for FHA multifamily loans. If qualified, process loan applications through the FHA loan approval process, through underwriting and closing.
  • Work with the Deputy Director of Originations on the securitization of the loan through Ginnie Mae and execute the sale of the securities in the marketplace.
  • Work with the Senior Portfolio Manager and the Bank’s loan operations center on loan administration and loan servicing for the Ginnie Mae security holders.
  • Oversees front-end screening of transactions with Originations team.
  • Assess transaction risk, provide risk mitigation strategies, and deal structuring recommendations.
  • Works collaboratively with the origination platform to problem solve and develop creative transaction structuring solutions delivering best-in-class execution.
  • Interfaces directly with the borrowers and external clients when necessary.
  • Reviews and submits waivers and Pre-review submissions to HUD.
  • Provides oversight for investment decisions to FHA/Multifamily Loan Committee.
  • Develops interfaces and maintains strong relationships with HUD credit counterparts.
  • Initiates and facilitates process enhancement concepts and ideas.
  • Manages and prioritizes underwriting and screening assignments for the team.
  • Tracks pipeline within timing benchmarks established by HUD.
  • Performs other duties and projects as assigned.

MAJOR DUTIES AND RESPONSIBILITIES:

  • ollege degree required; accounting and/or finance degree preferred.
  • Minimum of seven years of multifamily underwriting experience specifically, MAP approved with HUD.
  • Healthcare Underwriting – LEAN program approved with HUD preferred, not required.
  • Experience with new construction HUD loans 221(D)(4) and 223(F).
  • Minimum of four(4) years experience in a Deputy Chief Underwriter role.
  • Thorough knowledge and application of MAP Guide.
  • Three (3) years previous management experience.
  • Strong analytical abilities to grasp complex transactional issues and assess risk.
  • Strong organizational, communication and multi-tasking skills are necessary.
  • Ability to read, analyze and interpret complex documents and provide succinct credit decisions with the necessary support for those decisions.
  • Ability to respond effectively to the most sensitive inquiries or complaints. Ability to succinctly and accurately present information and respond to questions from borrowers, employees, executive level management, and HUD personnel.
  • Strong verbal and written communication skills, interpersonal skills and writing ability.
  • High level of personal accountability.
  • Must be detail oriented.

EDUCATION & EXPERIENCE:

Required Education/Experience:

  • College Degree in Business, Accounting, Finance and/or a related field or 4 additional years of experience required.
  • Minimum of seven years of multifamily underwriting experience specifically, MAP approved with HUD.
  • Healthcare Underwriting – LEAN program approved with HUD preferred, not required.
  • Experience with new construction HUD loans 221(D)(4) and 223(F).
  • Minimum of four(4) years experience in a Deputy Chief Underwriter role.
  • Thorough knowledge and application of MAP Guide.
  • Three (3) years previous management experience.
  • Strong analytical abilities to grasp complex transactional issues and assess risk.
  • Strong organizational, communication and multi-tasking skills are necessary.
  • Ability to read, analyze and interpret complex documents and provide succinct credit decisions with the necessary support for those decisions.
  • Ability to respond effectively to the most sensitive inquiries or complaints. Ability to succinctly and accurately present information and respond to questions from borrowers, employees, executive level management, and HUD personnel.
  • Strong verbal and written communication skills, interpersonal skills and writing ability.
  • High level of personal accountability.
  • Must be detail oriented.

Knowledge/Skills required:

  • Proficient use of MS Office.
  • Experience analyzing business financial statements and assessing the viability of business.
  • Knowledge of banking products and services.
  • Understanding of accounting & finance.
  • Travel, as required.
  • The ability to lift up to 10-15 pounds.

Application Instructions

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