Troubled Asset Specialist
2 weeks ago
Summary
This position is located in the Department of Housing and Urban Development , Asst Secretary for Housing-Federal Housing Commissioner .
Duties
Making a Difference: HUD's MissionHUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes; utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination and transform the way HUD does business.
As a Troubled Asset Specialist , you will: Serve as the primary point of contact for troubled asset projects with sponsors, customers, Federal, State and local government agencies, congressional interests, other external organizations and higher authorities. Determine the credit acceptability and financial capacity of mortgagors, sponsors (both for-profit and not-for-profit) and general contractors involved in the purchase, refinance, or development of multifamily properties. Measure and monitor performance to assure commitments of all parties are being maintained. Review and analyze income, expenses, and reserve draw requests to assure changes are authorized and appropriate.
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