Manager- Single Family Programs (Mortgage Finance)

The Housing Opportunities Commission of Montgomery County (HOC) was established in 1974 to better respond to the County's need for affordable housing. HOC is authorized to acquire, own, lease, and operate housing; to provide for the construction or renovation of housing; obtain financial assistance from any public or private source to assist its housing activities; and arrange for social services, resident services, and daycare.

The Single Family Programs, Manager is a senior-level professional position with responsibility for managing multifamily operations of the Housing Opportunities Commission of Montgomery County. This position is responsible for supporting wealth creation in Montgomery County through HOC's Strategic Plan. The incumbent is responsible for managing the operations of the single-family program operations, which include the management of the Mortgage Purchase Program, down payment assistance programs, and coordinating the activities with Compliance, Legal, and Finance.

The incumbent will have extensive knowledge of single-family mortgage programs, taxable and tax-exempt bond financing processes, and the underwriting and servicing of single-family mortgages. Responsibilities include:

• Managing and overseeing single-family operations of the Mortgage Finance Division, including interaction with internal and external stakeholders such as Trustee, Financial Advisor, Bond Counsel, Loan Servicers, Lenders, Realtors, HOC Staff, HOC Commissioners, local Government staff representatives, among others.
• Supervising single-family personnel.
• Developing and coordinating internal and external training and orientation programs related to HOC's single-family mortgage programs.
• Evaluating current and new applicants for HOC's Mortgage Purchase Program.
• Preparing quarterly reports to the Commission.
• Acting as subject matter expert regarding single-family mortgage activities and programs, including mortgage-backed securities.

Minimum Qualifications:

Experience: At least ten years of progressively responsible experience in single-family mortgage operations, including underwriting, closing, and servicing, both in direct loans and mortgage-backed securities. Experience in mortgage finance with state and local finance agencies.

Education: Graduation from an accredited college or university with a Bachelor's degree in either Finance, Investments or in a related field. An equivalent combination of education and experience may be accepted. Low-income residents in Montgomery County with the above qualifications are encouraged to apply.

Knowledge Skills and Abilities:

• Knowledge of the various sources for financing real estate.
• Knowledge of bonds and the bond market.
• Knowledge of appraisal practices.
• Knowledge of underwriting practices.
• Knowledge of local, state and federal housing programs.
• Ability to perform financial analysis, development and operating budgets of housing developments, and prepare and develop reports for the Commission or for storage of appropriate data.
• Ability to plan and direct the activities of others.
• Ability to communicate clearly both orally and in writing.
• Ability to deal with people tactfully, effectively and equitably.

HOC is an equal-opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, gender reassignment, citizenship, immigration status, protected veteran status, or any other basis prohibited under applicable federal, state or local law. HOC promotes a drug-free workplace. HOC conducts criminal background checks, employment reference checks, and where applicable, reviews driving records in determining suitability for employment. Selected applicants will be required to submit to pre-employment drug and alcohol screening. Employment is contingent upon drug and alcohol test results.