Condo/Co-op Project Review Underwriter

Company: Freedom Mortgage
Location: Cleveland
Posted on: February 25, 2021

Job Description:

The Project Review UW is responsible for reviewing documentation in detail for all new and existing condominium and cooperative 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 and cooperatives projects are reviewed accurately and promptly.* Ensure condominiums and cooperatives meet Fannie Mae 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, and Offering Plans & Amendments.* Communicate project status (approval, suspense, denial) to all appropriate parties* Primary contact for HOA, Management Agents, Developers, Sponsors, and coop boards to obtain any additional information* Project Underwriter will be required to maintain our internal database* Ensure data accuracy* Deliver excellent customer service to Sales and Operations staff.* The Project Review Underwriter will work closely with operations to expedite review and approval of condo and coop projects according to FMC policy.--The Project Review Underwriter--will provide coaching and problem resolution to the operations staff on condo and coop requirements* The Project Review underwriter will also complete other miscellaneous credit related duties as assigned by the Project Review Desk Manager.Essential Duties and Responsibilities:* Demonstrate mastery of condo and co-op 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 suitePosition Requirements: Qualifications:* Three to five years of related mortgage credit guidelines, policies, and procedures.* Knowledge of FNMA & Freddie Mac condo and coop underwriting guidelines.* Knowledge of Investor and MI company guidelines.* Ability to differentiate between new and established projects.* Knowledge of Fannie Mae CPM and All Regs.Education:* High School Diploma required* Bachelor's Degree (B.A.) preferred

Keywords: Freedom Mortgage, Cleveland , Condo/Co-op Project Review Underwriter, Other , Cleveland, Ohio