Condo/Co-op Project Review Specialist @ Plaza Home Mortgage

Salary Range: 34 to 37 (Currency: USD) (Pay period: per-hour-wage)

Founded in 2000, Plaza Home Mortgage, Inc. is a privately owned, full-service national lender, offering Wholesale, Correspondent, Renovation and Reverse residential mortgages. Headquartered in San Diego, California, Plaza employs a network of sales associates to serve its clients nationwide.

Plaza is dedicated to building quality, long-term relationships with its mortgage broker and correspondent clients by offering comprehensive programs and exceptional customer experience.

Position Overview

The Project Review Specialist will be primarily responsible for providing external business partners and internal Plaza associates with project documentation review results related to various condominium and co-operative project types. The Project Review Specialist will provide client support/research for questions that may arise during the processing/underwriting/closing of condominium and co-operative loans. Additionally, successful completion of training pertaining to the review of condominium and/or co-operative projects may be required. This role is full-time, non-exempt. This position has no supervisory responsibilities and reports to the Product Standards Manager.

Responsibilities and Duties

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

Required Skills

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

Education/Experience

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)
FHA SUA/DELRAP/HRAP experience is preferred, but not required

Plaza is an EEOC employer and follows all federal, state, and local laws relating to fair employment.

Plaza Home Mortgage, Inc. is committed to preventing, stopping and remedying all forms of discrimination that occur in its workplace. Managers are accountable for keeping Plaza’s workplace free from discrimination and ensuring that Plaza provides equal employment opportunity for all in the workforce and for those seeking to become members of Plaza’s workforce.

Plaza’s employees are protected by laws designed to protect employees from discrimination on the bases of race, religion, color, sex, pregnancy, gender identity, sexual orientation, parental status, national origin, age, disability, family medical history or genetic information, political affiliation, military service, or any other non-merit based factor. These protections extend to all management practices and decisions, including recruitment and hiring practices, appraisal systems, promotions, and training and career development programs. Plaza’s employees are also protected against retaliation if they engage in a protected activity, whistleblowing, or the exercise of any appeal or grievance right provided by law.

This information is provided by Plaza Home Mortgage, Inc. as a courtesy to its mortgage professional clients and the public and is meant for instructional purposes only. None of the information provided is intended to be legal advice in any context. Plaza does not guarantee, warrant, ensure or promise that information provided is accurate. Terms and conditions of programs and guidelines are subject to change at any time without notice. Any unauthorized use or distribution of this information is strictly prohibited. This is not a commitment to lend. ® 2024 Plaza Home Mortgage, Inc. Plaza Home Mortgage and the Plaza Home Mortgage logo are registered trademarks of Plaza Home Mortgage, Inc. All other trademarks are the property of their respective owners. All rights reserved. Plaza Home Mortgage, Inc. is an Equal Housing Lender. Plaza NMLS 2113

Please find our updated Privacy Policy at:

https://www.plazahomemortgage.com/privacypolicy/

Cigna’s Transparency in Coverage link for Plaza’s careers site.

https://www.cigna.com/legal/compliance/machine-readable-files

Plaza NMLS 2113

https://www.nmlsconsumeraccess.org/

Condo/Co-op Project Review Specialist

Plaza Home Mortgage

Compensation Overview

Responsibilities and Duties

Required Skills

Education/Experience

6 month growth

1 year growth

2 year growth

Simplify's Take

What believers are saying

What critics are saying

What makes Plaza Home Mortgage unique