Due Diligence Loan Analyst

About the role

The Due Diligence Loan Analyst assesses residential mortgage loans for adherence to investor criteria, including those stipulated by nationally recognized statistical rating organizations for third-party review. This assessment covers data quality, credit decisioning, regulatory compliance, fraud screening, property valuations, and servicing history.

Responsibilities

• Loan File Inventory: Ensure residential mortgage loan packages contain all necessary documentation required for a complete assessment.
• Credit Review: Assess all elements of the credit decisioning process, including underwriting guidelines, income calculation, and validation of assets.
• Fraud Review: Review the credit package and related background searches on mortgage loan borrowers to identify potential fraud risks.
• Property Valuation Review: Review appraisals and alternative value products for conformity to client-specified requirements to assess property valuation accuracy.
• Legal Doc Review: Assess all legal documents in residential mortgage loan files to ensure proper execution, enforceability, and sufficiency for title perfection.
• Regulatory Compliance Review: Gather regulatory compliance data elements from the loan file for capture in the due diligence review system.
• Servicing History Review: Review the servicing history of residential mortgage loans by assessing payment histories and servicing commentary per client requirements.
• Credit Risk Grading: Leverage the due diligence review system to assess loan quality grades based on client specifications and applicable credit rating agency criteria.

Qualifications

• Computer Skills: Strong background using computer programs for mortgage loan manufacturing or review, and proficiency in the Microsoft Office product suite.
• Desirable Attributes:
  • Strong written communication skills.
  • Bachelor’s degree (BA/BS) preferred in business, economics, statistics, or a related field.
  • Soft skills: Time management, thoughtfulness, problem-solving, and professional communication.

Benefits

• Medical Insurance
• Dental Insurance
• Vision Insurance
• Life & Disability Insurances