Work in Iowa Jobs

Job Information

Aerotek REMOTE Loan Review Analyst in Des Moines, Iowa

About the company:

Residential mortgage company with strong experience in all aspects of mortgage loan servicing. Owned and operated by some of the best known names in the industry, they bring the power of its deep experience to customize loan servicing options for each homeowner. Our loan servicing team boasts an average of more than 16 years of mortgage loan and credit management experience. Founded in 2007 to address specific needs in the mortgage industry, our client is a special servicer providing creative loan resolution strategies designed to preserve homeownership. Keeping borrowers in their homes is our primary objective.

Position Summary: The Loan Review Analyst is responsible for performing residential mortgage loan reviews on NDA client

portfolios in accordance with client specific requirements. The Loan Review Analyst documents requirements and identifies issues with respect to data integrity, credit, compliance, valuation and fraud risk and is responsible for determining appropriate Credit Risk Grading (CRG) of the loans.

Essential Duties and Responsibilities include the following. Other duties may be assigned.

  • Review employment documentation and re-calculate income documentation for completeness and accuracy per guideline requirements

  • Verify occupancy status of the borrower aligns with transaction requirements

  • Analyze the HUD-1 Settlement Statement to confirm the transaction meets all selling guide requirements

  • Review Legal documents to confirm loan closed per required guidelines

  • Review and recalculate asset documentation per guideline requirements

  • Review title commitments and policies

  • Verify proper licensing of parties to loans being reviewed

  • Review and analyze borrower’s mortgage applications, credit reports and related documents.

  • Review and analyze real estate purchase contracts

  • Review state and federal disclosures for compliance

  • Review property valuation documentation to determine value

  • Review property valuation documentation to determine value

  • Analyze loan servicing collection comments and payment histories to determine appropriate disposition

  • Analyze individual loan files and determine compliance with applicable lender guidelines

  • Determine appropriate risk rating

  • Ability to effectively communicate credit review process and conclusions in written and verbal formats with management

  • Evaluate if loans are made within the due diligence clients policy and in compliance with governing laws and regulations.

  • Perform other duties as assigned.

Qualifications:

  • Minimum 4 years underwriting experience with exposure to both manual and automated underwriting environments; preferably in a due diligence environment

  • Understanding of RESPA compliance and TRID

  • Familiarity with capital markets and credit rating agency requirements a plus

  • Excellent written and verbal communication skills

  • Excellent time management skills with an emphasis on quality

  • In depth knowledge and understanding of transaction components that indicate a potential for fraud

  • Must be self-motivated, creative and able to work in a team environment while thinking independently and sharing knowledge and ideas

  • Must be able to multi task between multiple analytical projects

  • Ability to work well under pressure, handle competing priorities and meet deadlines.

  • A high level of confidentiality to protect privacy rights.

  • Effectiveness as a team player.

  • Ability to easily prioritize job duties according to the needs of the company.

  • Strong sense of professionalism and positivity.

  • Strong professional and interpersonal communication skills verbally and through written electronic correspondence.

  • Excellent listening skills and the ability to use good judgment.

  • Ability to produce quality work.

  • Excellent attention to detail

    About Aston Carter:

Aston Carter is a distinguished global provider of recruitment and staffing services to companies requiring highly specialized business professionals. As a Best of Staffing® Client and Talent leader, Aston Carter has an unrivaled commitment to delivering first class service to clients and business professionals across a variety of disciplines, including Accounting and Finance as well as Governance, Risk and Compliance. With more than 60 offices across Europe, Asia Pacific and North America, Aston Carter provides local, regional and global expertise to drive value and meet our customers' unique needs. Aston Carter is a division of Aerotek. Aerotek is an operating company of Allegis Group, a global talent solutions provider.

The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.

DirectEmployers