Condominium Review Specialist - Residential Mortgage

Condominium Project Evaluator

Responsible for evaluating and approving condominium projects for the Residential Mortgage Department in accordance with federal agency guidelines (e.g., Fannie Mae, Freddie Mac and Federal Housing Administration ("FHA")). Ensure condominium projects meet eligibility criteria for mortgage financing and mitigate risk by identifying potential issues related to project documentation, financial stability, insurance coverage and legal compliance.

Responsibilities:

• Review and analyze condominium project documentation including budgets, insurance certificates, legal documents (e.g., declarations, bylaws), and meeting minutes.
• Determine project eligibility based on federal agency-specific guidelines and applicable secondary market overlays.
• Communicate with lenders, project managers and internal stakeholders to obtain missing or clarifying documentation.
• Maintain accurate records of project reviews and decisions in the loan origination system.
• Collaborate with Operations staff to ensure consistent application of agency standards.
• Stay current with changes in federal agency guidelines and industry best practices.
• Provide training and support to underwriting staff on condominium review procedures.
• Identify and escalate complex or high-risk projects to senior staff or management.

Qualifications:

• HS diploma or equivalent required.
• Minimum 3 5 years of experience in either mortgage underwriting, project view or related field.
• Agency-specific condo review training or certification preferred.
• Experience with agency condominium review processes (Fannie Mae, Freddie Mac, FHA, Veterans Affairs ("VA") strongly preferred.
• Proficiency in loan origination systems ("LOS") and document management platforms strongly preferred.
• MS Office proficiency required.
• Familiarity with agency portals and condo review tools.
• Excellent written and verbal communication skills.

Working Conditions: 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. Regular attendance and punctuality are essential functions of every job. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform essential functions.

Compensation: $65,000 to $85,000