Job opening: Loan Specialist (Realty) (Bilingual-English/Spanish)
Salary: $59 966 - 94 317 per year
Published at: Jun 28 2024
Employment Type: Full-time
These positions is located within the State or Area Office of USDA Rural Development (RD). The incumbent approves and services loans for small (one to four family) residential dwellings.
This position may be eligible for hiring incentives.
This position is neither remote nor virtual. The employee will be expected to report in person to the assigned duty location.
Duties
Reviews loan applications for completeness and conformance with all RD requirements.
Analyzes and inputs data into appropriate automated database systems.
Prepares as applicable, conditional commitment, funding commitment and notification of loan closing and certificate of eligibility and either approves or submits to approval official.
Develops, implements and coordinates an outreach and marketing program for the Single-Family Housing programs.
Requirements
- You must be a US Citizen or US National
- Males born after 12/31/1959 must be Selective Service registered or exempt
- Subject to satisfactory adjudication of background investigation and/or fingerprint check
- Successful completion of one-year probationary period, unless previously served.
- Direct Deposit - Per Public Law 104-134 all Federal employees are required to have federal payments made by direct deposit to their financial institution
- Successfully pass the E-Verify employment verification check. To learn more about E-Verify, including your rights and responsibilities, visit E-Verify at https://www.e-verify.gov/
- Incumbent must be fluent for speaking and writing in both Spanish and English.
Qualifications
Applicants must meet all qualifications and eligibility requirements by the closing date of the announcement including specialized experience and/or education, as defined below.
Time in grade: Current federal employees applying for a promotion opportunity must meet time-in-grade (TIG) requirement of 52 weeks of service at the next lower grade level in the normal line of progression for the position being filled.
For the GS-09 level: Applicants must have one (1) year of specialized experience equivalent to at least the GS-07; or its non- Federal equivalent that demonstrates: Knowledge and understanding of mortgage loan making/servicing and independently examine applications, supporting documents, and credit reports. Experience may have been gained in work equivalent to furnishing information to borrowers and applicants on loan programs, eligibility requirements, financial and credit requirements. Analyzing information provided by loan applicants, determining eligibility for mortgage loans, and making loan recommendations to a senior employee. Participating in providing credit counseling to all borrowers and debt adjustment services.
OR
master's or equivalent graduate degree or two (2) full years of progressively higher-level graduate education leading to such a degree or an LL.B. or J.D., if related (see qualifying fields of study below)
OR
an equivalent combination of experience and education as noted above are acceptable.
Undergraduate and Graduate Education: Major study -- finance, business administration, economics, accounting, insurance, engineering, mathematics, banking and credit, law, real estate operations, statistics, or other fields related to the position, such as agriculture, agricultural economics, farm, livestock or ranch management, or rural sociology.
Combining Education and Experience: Combinations of successfully completed post-high school education and experience may be used to meet total qualification requirements. Determine your qualifying experience as a percentage of the experience required. Determine your education as a percentage of the education required. Add the two percentages. The total percentage must equal at least 100 percent. Only graduate education in excess of the amount required for the next lower grade level may be used to qualify applicants for positions at grade GS-9.
For GS-11 level: Applicants must have 1 year of specialized experience equivalent to at least the GS-09; or its non-Federal equivalent that demonstrates: Experience includes evaluating financial situations, credit risk factors and researching and applying various laws, rules, and regulations pertaining to credit; experience in reviewing and evaluating loan and/or grant applications to determine eligibility and the approval/disapproval of housing loan applications; experience providing loan closing instructions to attorneys and title companies and with legal instruments and documents used in making and servicing housing loans; Ensures required environmental assessments are conducted and meet requirements. Reviews for approvals of repair project costs.
OR
Ph.D. or equivalent doctoral degree
OR
full years of progressively higher-level graduate education leading to such a degree or LL.M., if related OR a combination of education as described and specialized experience. Undergraduate and Graduate Education: Major study - finance, business administration, economics, accounting, insurance, engineering, mathematics, banking and credit, law, real estate operations, statistics, or other fields related to the position, such as agriculture, agricultural economics, farm, livestock or ranch management, or rural sociology.
NOTE: To be considered for this position, you must meet all qualification and eligibility requirements for the GS-1165 series set forth in the Office of Personnel Management (OPM) Qualification Standards by the closing date of the announcement. A copy is available at: https://www.opm.gov/policy-data-oversight/classification-qualifications/general-schedule-qualification-standards
Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic; religious; spiritual; community, student, social). Volunteer work helps build critical competencies and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience.
Ability to provide program/project management and leadershipKnowledge of single family housing building construction standards and costs, plans and specifications, cost estimates, and contracts and inspectionsKnowledge of single family housing loan making requirementsKnowledge of single family housing servicing requirements such as credit counseling, security servicing, debt adjustment, inventory property, or other servicing requirementsOral CommunicationWritten Communication
Education
A transcript must be submitted with your application if you are basing all or part of your qualifications on education.
Contacts
- Address Rural Development
1400 Independence Ave SW
Washington, DC 20250
US
- Name: Christina Johnson
- Phone: 771-215-6180
- Email: [email protected]