Position : Condo Approval Analyst Location : Tustin, CA – Remote - Anywhere Position Summary: The Condo Approval Analyst will be responsible for project review, approval, and or decline of Condominium, Leasehold, and resale restriction based on FHA, VA, Fannie Mae, Freddie Mac, or Jumbo investor guideline standards.
Starting Salary $70k to $80k + full time benefits including 401k, paid holidays, and paid vacation. Follows and complies with current Agency and Investor guideline requirements. Ensures standards are met for mortgages sold and delivered secured by units within Condominium Projects for Fannie Mae, Freddie Mac, FHA, VA and various Jumbo investors. Detail review of condominium; questionnaires, financials, insurance, recorded legal documents, as well as review of litigation, ground leases, affordable housing, resale deed restrictions, and private transfer fees. Analyze and approve condominium projects per loan program parameters; such as Limited Review, Full Review of Established, New Construction for conventional, FHA and VA reviews. Communicates to direct supervisor for any decline or ineligible projects. Communicates to staff of all conditions reviewed/cleared or conditions still outstanding. Provides detail comments in New American Funding condo database, enters appropriate programs/phases for each project, and presale. Organizes and uploads all condo documents in specified format to internal (conventional) and external database (FHA and VA) systems. High School diploma or equivalent. Five or more years' mortgage underwriting experience. Current experience underwriting Conventional loans (Fannie Mae, Freddie Mac) Experience with Encompass 360 Work Authorization : Must be able to verify identity and employment eligibility to work in the U.S.
Other Duties : This job profile is not intended to be an all-inclusive list of job duties and responsibilities, as one may perform additional related duties as assigned in order to meet the needs of the organization.
Physical Demands : The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Must be able to lift up to ten pounds. Primary functions require sufficient physical ability and mobility to work in an office setting; to stand or sit for prolonged periods of time; to occasionally stoop, bend, kneel, crouch, reach, and twist; to lift, carry, push, and/or pull light to moderate amounts of weight; to operate office equipment requiring repetitive hand movement and fine coordination including use of a keyboard; and to verbally communicate to exchange information. VISION: See in the normal visual range with or without correction. HEARING: Hear in the normal audio range with or without correction.
[EOE/M/F/D/V. Drug-free workplace.]
