Summary

The Proj Review Underwriter 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. Maintain regular and punctual attendance.

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 suite.

Performs other related duties as assigned.

Other Related Duties:

Performs other related duties as assigned.

Supervisory Responsibilities:

No supervisory responsibilities.

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 requiredBachelor’s Degree (B.A.) preferred

Language Skills:

Individual must have the ability to read and interpret borrower documentation, company policies, procedures, guidelines, reports and legal documents.

Mathematical Skills:

Candidate must be able to use a calculator. Also have the ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Also have the ability to compute rate, ratio, and percent.

Reasoning Ability:

Individual must have the ability to define problems, collect pertinent information, determine the facts, and draw valid conclusions.

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. While performing the duties of this job, the employee is frequently required to sit and talk or hear. The employee is occasionally required to stand; walk; use hands to finger, handle, or feel; and reach with hands and arms.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.

Equal Employment Opportunity

Freedom Mortgage is committed to providing equal employment opportunities to all employees and applicants without regard to race, ethnicity, color, sex, marital status, sexual orientation, gender identity or expression, pregnancy, religion, national origin, age (40 and over), disability, military status, genetic information or any other basis protected by applicable federal, state, or local laws.

Americans with Disabilities Act

Applicants as well as employees who are or become disabled must be able to satisfactorily perform the essential job functions of the position either with or without reasonable accommodation. Applicants as well as employees are encouraged to meet with Human Resources as the organization shall review reasonable accommodations on a case-by-case basis in accordance with applicable law.

Job Responsibilities

The following statements reflect the general duties and responsibilities considered necessary to perform the essential functions of the job and should not be considered as an all-inclusive list of all the work requirements of the position. Freedom Mortgage Corporation may change the specific job duties with or without prior notice based on the needs of the organization.