Mortgage Condo Project Analyst

Description

The Mortgage Condo Project Analyst is a highly specialized role responsible for the expert analysis and evaluation of condominium projects for mortgage eligibility. This position requires in-depth knowledge of Fannie Mae's Condo Project Manager (CPM), Freddie Mac's Condo Project Advisor, and FHA/VA single-unit approval guidelines. The analyst will assess project documentation, financial stability, legal compliance, and other relevant factors to determine project eligibility and mitigate risk for the organization. 

This role will report to the Chief Compliance Officer.

Potential to be remote.

Requirements

Responsibilities:

• Condo Project Analysis:
  • Conduct thorough reviews of condominium project documentation, including declarations, bylaws, budgets, financial statements, insurance policies, and legal documents.
  • Utilize Fannie Mae's Condo Project Manager (CPM) to assess project eligibility and compliance with Fannie Mae guidelines.
  • Utilize Freddie Mac's Condo Project Advisor to assess project eligibility and compliance with Freddie Mac guidelines.
  • Evaluate and submit projects for compliance with FHA and VA single-unit approval requirements.
  • Identify and analyze potential risks associated with condominium projects.
  • Determine project eligibility based on agency guidelines and internal risk parameters.
• Documentation and Reporting:
  • Maintain accurate and organized project files.
  • Prepare detailed reports summarizing project analysis findings.
  • Communicate findings and recommendations to underwriters, loan officers, processors, and other stakeholders.
  • Ensure all documentation is compliant with agency and company requirements.
• Guideline and Regulatory Knowledge:
  • Stay up-to-date on changes to Fannie Mae, Freddie Mac, FHA, and VA condo project guidelines.
  • Ensure compliance with all applicable laws and regulations.
  • Provide guidance to internal teams on condo project eligibility and compliance.
• Collaboration and Communication:
  • Collaborate with underwriters, loan processors, and other team members.
  • Communicate effectively with external parties, including HOAs, property managers, and title companies.
  • Provide training and support to internal teams on condo project analysis.

Qualifications:

• Experience:
  • Minimum of 1-2 years of experience in mortgage processing,  underwriting, and/or condo project analysis.
  • Proven expertise in reviewing and interpreting Fannie Mae CPM and Freddie Mac Condo Project Advisor reports.
  • Extensive knowledge of FHA and VA single-unit approval guidelines.
  • Strong understanding of condominium project documentation and legal requirements.
  • Experience with risk assessment.
• Skills:
  • Expert knowledge of Fannie Mae, Freddie Mac, FHA, and VA condo project guidelines.
  • Experience with automated underwriting systems (AUS).
  • Strong analytical and problem-solving skills.
  • Excellent attention to detail and accuracy.
  • Proficiency in mortgage lending software and Microsoft Office Suite.
  • Strong communication and interpersonal skills.
  • Ability to work independently and as part of a team.  
  • Strong organizational skills.  

Personal Attributes:

• High level of integrity and ethical standards.
• Ability to work under pressure and meet deadlines.
• Proactive and self-motivated.
• Commitment to continuous learning and professional development.

Compensation:

• $20-$22 Depending on Experience.
• Benefits package (health insurance, paid holidays, etc.).