Salary Range: $70000.00 per year
Posted on
Position Summary:
The Loan Review Analyst is responsible for performing post close residential mortgage loan reviews on 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.
Required skills and experience:
• Minimum 5 years (more than 5 is preferred) mortgage and underwriting experience with exposure to both manual & automated underwriting & due diligence environments.
• Recent Due Diligence experience is required
• Must have strong knowledge of Jumbo, Non-QM and/or GSE guidelines
• Understanding of RESPA compliance
• Experience with RPL/NPL product 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
Education/Experience: A minimum of 3 years’ experience in a credit analysis related area of residential mortgage banking is required.
Have at least 5 years of mortgage, underwriting and due diligence experience (more than 5 yrs is preferred).
Travel: Some travel may be required.