NOTICE OF VACANCY

THE EXECUTIVE DIRECTOR OF THE NEW JERSEY HOUSING AND MORTGAGE FINANCE AGENCY INVITES APPLICATIONS FROM QUALIFIED CANDIDATES FOR THE FOLLOWING: 

Job Title:  Underwriter II
Salary Range:  R9 ($54,988.40 - $77,382.28)
Division: 
FL Status: 
Issue Date:  11/6/25
Closing Date:  11/14/25
Union Status:  Professional Bargaining Unit, Non-Exempt
Employment Status:  Full time

JOB DESCRIPTION

Under supervision, underwrite loans originated through the HMFA loan programs including modifications; track condominium
projects; review submitted appeal requests prior to final management approval; train lenders and Agency personnel on HMFA
procedures; respond to inquiries regarding the underwriting process; enter loans on the computer. Perform related duties as
required.

JOB RESPONSIBLITIES

1. Underwrite loans originated through the HMFA loan programs including modifications according to Policy and
Procedure Guide and process documents.
 

2. Determine applicant eligibility and credit worthiness based on analysis of income tax returns and credit reports.
 

3. Complete tax compliance for each loan underwritten according to federal guidelines.
 

4. Work with Agency staff, ensuring compliance with guidelines and applicable regulations.
 

5. Train lenders and Agency personnel on HMFA policies and procedures.
 

6. Train underwriting and processing staff on HMFA underwriting and processing procedures for each individual program.
 

7. Respond to inquiries regarding the underwriting process.
 

8. Review submitted appeal requests prior to final management approval.
 

9. Administer tracking system for loans submitted for purchases with open underwriting conditions.
 

10. Provide status reports to management, as often as required but at a minimum, weekly.
 

11. Perform related duties as required.

MINIMUM REQUIREMENTS

Education / Experience:

Two (2) year college degree; five (5) years of business experience or an equivalent combination of education and experience that meets the required knowledge, skills and abilities.

Skills:

- Knowledge of loan origination systems.
- Knowledge of accounting principles.
- Knowledge of FHLMC/FNMA/FHA Government underwriting and HMFA guidelines.
- Knowledge of Microsoft Word.
- Through knowledge of office management procedures and their application to specific situations.
- Excellent organizational skills such as planning, goal setting, and prioritizing.
- Ability to accomplish multiple assignments simultaneously.
- Ability to adapt to changing procedures.
- Ability to communicate effectively orally and in writing and to listen actively.
- Ability to effectively train others on HMFA program guidelines.
- Ability to accurately proofread own work and the work of others.
- Ability to analyze statistical data, determine risk level and draw conclusions.
- Ability to accurately enter and retrieve computer data.
- Ability to maintain a positive work atmosphere in an appropriate manner of behavior that ensures cooperation and effective communication with customers, clients, peers and management.

Physical Demands: Non-physical

Working Conditions: General office environment

Certificates & Licenses Required: A valid driver's license in the State in which the person resides is required only if the operation of a vehicle, rather than employee mobility, is necessary to perform the essential duties of the position.

BENEFITS

NJHMFA provides a comprehensive benefit package which includes:
- Medical, prescription, dental, vision & long term disability
- FSA & HSA
- Public Service Loan Forgiveness and Tuition Reimbursement
- Public Employees' Retirement System (PERS)
- Deferred compensation plans
- Employee assistance services (EAS)
- State employee discounts program
- Paid personal, sick and vacation days
- Paid holidays
- Partial Telework

Residency in the State of New Jersey is required of all employees with an agency of the State in accordance with the New Jersey First Act, N.J.S.A. 52:14-7 (L. 2011, Chapter 70).  Employees must comply with the “New Jersey First Act” which requires employees hired after September 1, 2011 to reside in New Jersey. Non-New Jersey resident employees must relocate to New Jersey within one year of their date of hire and provide proof of residency to Human Resources.

The NJHMFA is an Equal Opportunity Employer in compliance with all Federal, State and Local Regulations. NJHMFA provides equal employment opportunity to both individuals with veteran status and individuals with disabilities. 

Must complete an Outside Activity Questionnaire (disclosure of outside office or employment) on an annual basis.