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Internship

Condo/Co-op Project Review Specialist

Confirmed live in the last 24 hours

Plaza Home Mortgage

Plaza Home Mortgage

501-1,000 employees

Mortgage lending and loan servicing solutions

Financial Services

Compensation Overview

$34 - $37Hourly

Remote in USA

Category
Financial Planning and Analysis (FP&A)
Risk Management
Finance & Banking
Required Skills
Communications
Requirements
  • Experience in mortgage lending with emphasis on wholesale and correspondent business channels, specifically the broker to lender loan submission process
  • The ability to read and interpret agency and investor condominium and co-operative guidelines is required
  • Must be able to work independently to meet Service Level Agreements
  • High school diploma or equivalent with a college degree preferred
  • Qualified candidates must have prior condominium and co-operative project review and mortgage industry experience (underwriting knowledge) along with excellent communication skills, both verbal and written; excellent research and organizational skills; ability to maintain confidentiality; and proficiency using computer systems and software applications including MS Office (Word, Excel, and Outlook)
Responsibilities
  • Provide complete documentation review to determine project eligibility based upon Secondary Market and private investor guidelines
  • Proficient with requirements for all FNMA and FHLMC condominium project review types
  • Proficient with FNMA and FHLMC requirements for co-operative projects
  • Proficient with requirements for FHA SUA/DELRAP/HRAP reviews and submission/upload process
  • FNMA CPM, CVAS PEW and PERS submission requests when applicable
  • Financial statement knowledge and analysis (budget, reserve study, audited financials, etc).
  • Project insurance knowledge of all applicable coverages (property, liability, fidelity and flood) for compliance with Secondary Market requirements
  • Proficient assessing structural and mechanical inspection reports
  • Ensure compliance with state and local building ordinances
  • Legal documentation review in conjunction with rep and warrant of new/newly converted projects
  • Provide phone and email support to Plaza Project Standards Coordinator, Account Executives, Wholesale Brokers and Correspondents on all condominium and co-operative related questions
  • Knowledge of and/or ability to research FNMA, FHLMC, FHA and VA project eligibility guidelines

Plaza Home Mortgage provides a range of mortgage lending services to various clients, including first-time homebuyers and financial institutions. They offer different types of loans such as conventional fixed-rate loans, adjustable-rate mortgages, FHA loans, and VA loans, as well as specialized products like home equity loans and reverse mortgages. Their operations are divided into two main channels: Wholesale lending, where they partner with brokers to deliver customized mortgage solutions, and Correspondent lending, which supports banks in managing their loan portfolios. Plaza Home Mortgage earns revenue through loan origination and servicing fees. They focus on client education and continuous improvement, offering training and technology updates to enhance their services. Their goal is to provide flexible lending options and exceptional service to meet the diverse needs of borrowers.

Company Stage

N/A

Total Funding

N/A

Headquarters

San Diego, California

Founded

N/A

Growth & Insights
Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

-1%
Simplify Jobs

Simplify's Take

What believers are saying

  • Plaza Home Mortgage's involvement in NAMB's inaugural corporate board of governors positions it as a key influencer in the mortgage industry, potentially leading to new opportunities and partnerships.
  • The company's diverse range of loan products, including specialized options like home equity loans and reverse mortgages, allows employees to cater to a wide array of client needs, enhancing job satisfaction and career growth.
  • Continuous technology enhancements and training sessions provide employees with the tools and knowledge to excel in their roles, fostering a culture of professional development.

What critics are saying

  • The competitive nature of the mortgage lending industry requires Plaza Home Mortgage to continuously innovate and differentiate itself to maintain market share.
  • Economic downturns or changes in housing policy could impact the demand for mortgage products, affecting the company's revenue and growth prospects.

What makes Plaza Home Mortgage unique

  • Plaza Home Mortgage's dual-channel approach of Wholesale and Correspondent lending allows it to serve both brokers and financial institutions effectively, unlike competitors who may focus on just one channel.
  • The reintroduction of the Solutions Non-QM program demonstrates Plaza's commitment to flexibility and catering to borrowers who do not meet traditional lending criteria, setting it apart from more rigid lenders.
  • Their emphasis on continuous improvement and client education, including free training sessions and technology enhancements, ensures they stay ahead in a competitive market.