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New York State Homes and Community Renewal (HCR, the “Agency”) is the State’s affordable housing agency, with a mission to build, preserve, and protect affordable housing and increase homeownership throughout New York State.

A Civil Service exam is not required for this position. Candidates must meet the minimum qualifications outlined below to be considered.

HCR is committed to fostering a culture of diversity, equity, inclusion, and accessibility. Our work would not be possible without the diverse backgrounds, experiences, ideas, and abilities of our employees. HCR is committed to developing a workforce that represents the diverse population of New York State. HCR embraces a diverse and inclusive work environment by encouraging all individuals, including those with disabilities, to apply to open positions at the agency.

The SONYMA Mortgage Insurance Fund (“MIF”) promotes the preservation and revitalization of communities across the State of New York by providing insurance on mortgage loans that encourages investment of capital by commercial and public lenders.

The duties listed below will be undertaken under the direct supervision of the Senior Vice President/Director of the MIF.

JOB SUMMARY

The MIF’s Vice President of Single-Family Underwriting/Servicing oversees mortgage insurance operations for the MIF’s single family team. Responsibilities include but are not limited to:

+ Supervising, training and directing mortgage insurance underwriters and servicing staff;

+ Evaluating programs and initiatives presented to SONYMA and the MIF regarding risk and viability;

+ Ensuring that loan submissions are underwritten to SONYMA guidelines;

+ Verifying and maintaining all necessary documentation supportive of the Agency's decisions on insurance requests;

+ Working with Agency staff, lenders and outside parties to develop and enhance affordable housing initiatives for first time homebuyers and address other housing issues;

+ Maintaining productive relationships with participating financial institutions and private mortgage insurance industry;

+ Reviewing all project approval requests for the SONYMA set-aside program;

+ Providing all required documentation and information to rating agencies regarding the MIF's single family portfolio;

+ Presenting to various interested parties, agencies and groups, as required;

+ Supervising premium billing and collection, claims processing and payments, and loss mitigation procedures;

+ Maintaining and monitoring servicing database;

+ Providing liaison and ongoing contact with lenders, contract servicers, coinsurers and reinsurers;

+ Establishing and maintaining servicing policies and procedures; and

+ Carrying out such other duties as are necessary to be carried in the MIF, at the discretion of the Senior Vice President/Director.

QUALIFICATIONS:

+ A minimum of ten years industry experience;

+ A minimum of five years in a management supervisory role concerning the analysis of appraisals, financial statements and credit reports, title reports and legal opinions regarding fee interests in real estate, familiarity with private mortgage insurance and reinsurance;

+ A degree in Finance, Real Estate or related experience.

This job description is not intended to be all-inclusive, and the employee will be expected to perform other reasonably related duties as assigned.

What we offer:

+ Exciting opportunity to be part of New York’s resurgence to greatness.

+ Extensive benefits package including paid leave, excellent health, dental, vision and retirement benefits.

+ Promotional opportunity for dedicated professionals.

About HCR:

Under the leadership of Governor Kathy Hochul and Commissioner RuthAnne Visnauskas, HCR is a vibrant, innovative agency that integrates and leverages New York State’s housing resources. We have offices in New York City, Albany, Buffalo, and Syracuse, and employ a diverse workforce of professionals who are hard-working and committed to serving low- and moderate-income families. Our mission is far-reaching, encompassing single- and multi-family housing finance, home improvement, rent regulation, housing subsidies, and community development. We partner regularly with a variety of public and private stakeholders.

Achieving this mission requires a wide range of skills and backgrounds in public policy, administration, real estate, construction, finance, law, and many other areas of expertise. We seek to provide a workplace environment that is productive, flexible, accountable, ethical, and caring. Our employees are empowered to make a difference where they live and work. We offer competitive pay and a comprehensive benefits package, including paid leave, health, dental, vision, retirement, and family-friendly policies.