CONDO REVIEW SPECIALIST en None

Summary

The Condo Review Specialist is responsible for reviewing documentation in detail for all new and existing condominium projects to ensure compliance with internal policies and procedures as well as the requirements of Fannie Mae and Freddie Mac credit policies.

Essential Job Functions:

• Ensure condominiums projects are reviewed accurately and promptly.
• Ensure condominiums meet Agency and Investor Guidelines
• Determine eligibility of a project by review of Project Questionnaire, Appraisals, Budgets and financial statements/1120S, Bylaws, Covenants, Conditions & Restrictions- CC&R’s Insurance Declarations, Leasehold Agreements, HOA minutes, Inspections and other documentation as required
• Communicate project status (approval, suspense, denial) to all appropriate parties.
• Ensure data accuracy.
• Deliver excellent customer service to Sales and Operations staff.
• The Condo Review Specialist will also complete other miscellaneous credit related duties as assigned by the Credit Admin Supervisor
• Maintain regular and punctual attendance.

Essential Duties and Responsibilities:

• Demonstrate mastery of condo project requirements .
• Communicate to both internal and external contacts clearly and concisely.
• Respond to elevated items quickly and work with Managers to expedite resolution.
• Collaborate with operations as needed to resolve problems and questions timely.
• Provide timely reports as needed or requested.
• Adhere to service level agreements while working in a high volume environment.
• Teamwork oriented, detailed and exceptional customer service.
• Pipeline Management experience required.
• Residential Mortgage Credit Underwriting experience a plus.
• Proficient with Microsoft office suite.
• Performs other related duties as assigned.

Supervisory Responsibilities:

No supervisory responsibilities.

Qualifications:

• Three to five years of related mortgage credit guidelines, policies, and procedures including Project Reviews
• Knowledge of FNMA & Freddie Mac condo underwriting guidelines.
• Knowledge of Investor and MI company guidelines.
• Ability to differentiate between new and established projects.
• Knowledge of Fannie Mae CPM and Freddie Mac CPA
• Knowledge of FHA project requirements preferred
• Experience with Non QM project review preferred

Education:

• High School Diploma or equivalent

Language Skills:

Individual must have the ability to read and interpret borrower documentation, company policies, procedures, guidelines, reports and legal documents.

Mathematical Skills:

Candidate must be able to use a calculator. Also have the ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Also have the ability to compute rate, ratio, and percent.

Reasoning Ability:

Individual must have the ability to define problems, collect pertinent information, determine the facts, and draw valid conclusions.

essential functions. While performing the duties of this job, the employee is frequently required to sit and talk or hear. The employee is occasionally required to stand; walk; use hands to finger, handle, or feel; and reach with hands and arms.