Job Description
DESCRIPTION/JOB SUMMARY
REMOTE - PART-TIME POSITIONS ABOUT US:
New Diligence Advisors is a multi-line of business financial services firm with a mortgage servicing company, a loan diligence company, a title company, an insurance brokerage and a real estate owned company. There are locations in Houston, TX, Jacksonville, FL, Horsham, PA, Dallas, TX, and Salt Lake City, UT. Founded in 2007 to address needs in the mortgage industry, we strive to provide amazing client and borrower experiences.
POSITION SUMMARY: The Loan Review Analyst is responsible for performing residential mortgage loan reviews on Selene NDA client portfolios in accordance with client specific requirements. The Loan Review Analyst documents requirements and identifies issues with respect to data integrity, credit, compliance, valuation and fraud risk and is responsible for determining appropriate Credit Risk Grading (CRG) of the loans.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
Review employment documentation and re-calculate income documentation for completeness and accuracy per guideline requirements
Verify occupancy status of the borrower aligns with transaction requirements
Analyze the HUD-1 Settlement Statement to confirm the transaction meets all selling guide requirements
Review Legal documents to confirm loan closed per required guidelines
Review and recalculate asset documentation per guideline requirements
Review title commitments and policies
Verify proper licensing of parties to loans being reviewed
Review and analyze borrower's mortgage applications, credit reports and related documents.
Review and analyze real estate purchase contracts
Review state and federal disclosures for compliance
Review property valuation documentation to determine value
Review property valuation documentation to determine value
Analyze loan servicing collection comments and payment histories to determine appropriate disposition
Analyze individual loan files and determine compliance with applicable lender guidelines
Determine appropriate risk rating
Ability to effectively communicate credit review process and conclusions in written and verbal formats with management
Evaluate if loans are made within the due diligence clients policy and in compliance with governing laws and regulations.
Perform other duties as assigned.
QUALIFICATIONS: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The qualified candidate must have:
Minimum 4 years underwriting experience with exposure to both manual and automated underwriting environments; preferably in a due diligence environment
Must have strong knowledge of Jumbo, Non-QM and/or GSE guidelines
Understanding of RESPA compliance
Experience with RPL/NPL product a plus
Familiarity with capital markets and credit rating agency requirements a plus
Excellent written and verbal communication skills
Excellent time management skills with an emphasis on quality
In depth knowledge and understanding of transaction components that indicate a potential for fraud
Must be self-motivated, creative and able to work in a team environment while thinking independently and sharing knowledge and ideas
Must be able to multi task between multiple analytical projects
Ability to work well under pressure, handle competing priorities and meet deadlines.
A high level of confidentiality to protect privacy rights.
Effectiveness as a team player.
Ability to easily prioritize job duties according to the needs of the company.
Strong sense of professionalism and positivity.
Strong professional and interpersonal communication skills verbally and through written electronic correspondence.
Excellent listening skills and the ability to use good judgment.
Ability to produce quality work.
Excellent attention to detail