About the Role
As a Project Review Associate at Rexera, you will review condominium project documents, ensure regulatory compliance, and help manage financial risk. This role requires a strong background in underwriting U.S. mortgages, knowledge of borrower income and assets, and experience reviewing escrow and condominium documents.
Key Responsibilities:
- Project Review and Analysis:
- Follows and complies with current Agency and Investor project guidelines to ensure standards are met for mortgages sold and delivered, secured by units within Condominium Projects for various investors; Fannie Mae, Freddie Mac, FHA, VA, and various Jumbo investors, as well as Co-op Projects for Fannie Mae and Freddie Mac.
- Detailed 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.
- Communicate with clients regarding ineligible or declined projects, providing clear reasoning and guidance.
- Compliance and Guidelines:
- Stay current with relevant guidelines, updates, and industry best practices.
- Ensure every project review meets required standards and risk management protocols.
- Training and Support:
- Mentor and train junior team members on compliance requirements, document review, and risk analysis.
- Provide subject matter expertise to internal teams and support client-facing communications as needed.
Desired Skills & Competencies
- Advanced knowledge of condominium project standards for FHA (SUA & DELRAP), Conventional, and Jumbo investor programs.
Job Types: Full-time, Permanent
Pay: ₹30,168.26 - ₹55,709.58 per month
Benefits:
- Flexible schedule
- Health insurance
- Internet reimbursement
- Paid sick time
- Paid time off
- Provident Fund
- Work from home
Work Location: In person