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Second Mortgage Program Analyst

Company: MassHousing
Location: Somerville
Posted on: June 18, 2022

Job Description:

Title: Second Mortgage Program Analyst

Organization: MassHousing

Location: One Beacon Street, Boston, MA 02108

Posting Closes: Close of Business on June 10, 2022


MassHousing recently affirmed its longstanding commitment to diversity and inclusion in its 5-year Strategic Goals, see


MassHousing will confront the housing challenges facing the Commonwealth to improve the lives of its people. A bold mission for an innovative agency. Since its inception in 1966, MassHousing has provided more than $27.5 billion for more than 125,000 apartments and more than 105,000 home mortgage loans. Beyond lending, we also work to promote economic growth and empowerment for families, individuals, and businesses; help communities increase their housing stock; provide hope and homes for vulnerable populations, and look for new, cost-effective ways to provide equitable housing opportunities. We have a relentless determination to confront the Commonwealth's housing challenges and improve lives.

We know that we cannot meet our mission without a workforce that is committed to standing with us in our efforts. We achieve this by making investments in staff development and prioritizing individuals who align with our values including an unwavering dedication to diversity, equity, and inclusion.

As an employee of MassHousing you are offered a great career opportunity which is more than a paycheck. MassHousing' s total compensation package features an outstanding set of employee benefits which you should consider towards your overall compensation, including but not limited to:

Tuition reimbursement up to $10,000 per calendar year
A 35-hour work week and a hybrid work schedule
Back up Child/Elder Care
Retirement Savings including a pension and a deferred compensation plan (with a match)
Comprehensive health, dental and vision plans
12 paid Holidays per year and generous sick, vacation, and personal time
Short-Term Disability
Central Boston office location, convenient to public transportation and amenities on site

If you're ready to join our dynamic team of mission driven professionals, this might be the job for you! Interested candidates should send a letter of interest and a resume to MassHousing by logging in to

Position Summary

Reporting to the Manager of Federal and State Appropriated Mortgage Programs, the Second Mortgage Program Analyst is responsible for supporting the growth of the Agency's Home Ownership programs by providing technical support to the Manager of Federal/State Appropriated Mortgage programs in the research, review and evaluation, and compliance reporting on Federal and State Appropriated programs.

Specific Duties and Responsibilities

Under the direction of the Manager of Federal/State Appropriated HO Mortgage Programs, the Second Mortgage Program Analyst provides expertise, research, and analysis on technical aspects of the bond and state appropriated programs of the Home Ownership Division with a focus on MRB 1st, state appropriated 2nd mortgage loans, and Grant Closing Activities.
The Second Mortgage Program Analyst functions as a technical specialist to assist with the Federal and State appropriations that fund single-family loans, down payment assistance loans and grants.
The duties include the support in the areas of grant approvals, compliance reporting and the disbursement on renovation loans and DPA grants for MassHousing's home ownership programs

Knowledge, Skills and Abilities Required

Knowledge of and experience in loan underwriting, loan document analysis, escrow, negotiation, appraisals, funds disbursal and loan-related report production.
Knowledge of and experience in interpreting regulations, guidelines and policies associated with various affordable housing programs.
Experience in demonstrating ability to communicate clearly to all audiences (stakeholders, lenders, contractors, HO staff and management, etc.) regarding various affordable housing-related issues.
Effective self-starter who is also able to work collaboratively when appropriate.
Strong analytical and decision making/problem solving skills.
Excellent interpersonal, organization, prioritization, and time management skills.
Strong working knowledge of ATR/QM requirements
Working knowledge of compliance and disclosure requirements (TRID)
Working knowledge of Fair Housing Regulations
Encompass LOS experience preferred

Minimum Education and Training

Associate degree, or equivalent combination of education and experience
2-4 years of experience in loan underwriting, loan document analysis, escrow, negotiation, appraisals, funds disbursal and loan-related report production.
2-4 years of experience in interpreting regulations, guidelines and policies associated with various affordable housing programs.

Salary Range: $72,956.00 to $94,842.00

All positions at MassHousing require a customer service mindset, in accordance with our values: Integrity, Excellence, Collaboration, Respect, Accountability and Service. Inherent in these values is our commitment to diversity, equity, and inclusion for all.

This position has been designated as "Flex" under MassHousing's Alternative Work Schedule (AWS)-hybrid work model which means; employee is in the office at least eight days a month.

As a condition of employment, successful applicants will be required to be fully vaccinated against COVID-19 or have an approved exemption as of their start date. Details relating to demonstrating compliance with this requirement will be provided to applicants selected for employment. Applicants who receive an offer of employment who can provide documentation that the vaccine is medically contraindicated or who object to vaccination due to a sincerely held religious belief may make a request for an exemption.

MassHousing is an Equal Opportunity Employer

Keywords: MassHousing, Somerville , Second Mortgage Program Analyst, Professions , Somerville, Massachusetts

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