Loan Analyst II
Job Details
Experienced
Denver - Denver, CO
Full Time
2 Year Degree
None
Day
Finance
essential functions

nature of position

This position is responsible for completing program compliance and purchase review of loans to ensure adherence to applicable Insurer/Guarantor, Fannie Mae, Freddie Mac, IRS Tax Code and CHFA programmatic guidelines.   Reports to the Home Finance Loan Operations Manager.

essential functions

  • Support the operation and production activities of CHFA’s participating lenders, from reservation through loan purchase
  • Perform daily CHFA Program Compliance and loan purchase review functions to ensure applicable guidelines are met
  • Meet production and loan cycle time goals in all phases of loan production as established by the HF Loan Operations Manager and/or Director of Home Finance
  • Complete a high volume of production while maintaining a high level of accuracy at all phases of the loan process
  • Understand and interpret all applicable underwriting regulations, mortgage insurance and guarantee requirements and IRS Tax Code requirements
  • Determine what corrective actions are necessary at various stages of the loan process and resolve as necessary
  • Evaluate critical loan documents and understand the potential risk associated with each document
  • Provide an accurate, detailed account of all activities related to a specific loan file with follow-up dates using conversation logs and automated workflow tool
  • Establish and maintain strong relationships with Participating Lenders
  • Communicate with the HF Business Development Team through a feedback loop to support Home Finance marketing and training efforts
  • Work collaboratively with the Funding / Final Document, Secondary Marketing, Loan Servicing Oversight departments to ensure a smooth and timely transition from Loan Operations
  • Conduct regular reviews of the Seller’s Guide and Loan Operations Desktop Procedure Manual to ensure current and accurate information. Recommend revisions as necessary
  • Identify process improvements on an on-going basis
  • Act as Subject Matter Expert in all phases of Loan Operations
  • Assist HF Loan Operations Team Lead and/or Loan Operations Manager, with special projects as necessary
knowledge, skills and abilities

knowledge, skills and ability

Must possess:

  • Ability to interpret and apply complicated IRS Tax Code regulations
  • Must demonstrate thorough understanding of the mortgage origination and purchase process, including FHA, VA, USDA, Fannie Mae and Freddie Mac regulations
  • Proven analytical skills 
  • Ability to utilize technology for research, such as FHA Connection, ALLREGS, and other industry resources
  • Strong ethical decision-making skills
  • Excellent organizational, problem solving and analytical skills with the ability to work independently in a remote environment
  • Ability to accurately work in a fast-paced environment within tight deadlines
  • Strong interpersonal skills 
  • Desire to continuously improve and develop knowledge and skills, while adapting quickly to changing circumstances and processes
  • Ability to exercise personal accountability in all activities and decisions
  • Knowledge of MS Outlook, Excel, Word, and Power Point
  • Ability to communicate, both orally and in writing, in an effective and diplomatic manner
  • Professional phone manner is essential with an emphasis on providing customer service; and,
  • Ability to establish rapport with persons of diverse ethnic, racial, and cultural backgrounds.

 

experience/education

Associate’s Degree in a business related field or equivalent job experience in the mortgage industry is required; Bachelor’s Degree in business accounting or finance preferred.  Mortgage Industry training; i.e. MBA, CMLA, or APMW a plus.  Minimum of five years in mortgage loan origination, underwriting, processing, or closing is desired.  Title company experience is helpful.

 

equipment used

Telephone, personal computer, computer printer equipment, calculator, photocopy and fax machine.

 

physical environment

The incumbent in this position will perform the essential functions of the position primarily in an office environment, which requires sitting or standing at a desk much of the day.

 

validation statement

This job description is a general description of essential job functions. It is not intended as an employment contract, nor is it intended to describe all duties someone in this position may perform.

 

With respect to its programs, services, activities, and employment practices, Colorado Housing and Finance Authority assesses qualified individuals without regard to their race, color, religion, sex, (including pregnancy, sexual orientation, or gender identity), age, national origin, disability, veteran status, genetic information, or other protected status. Requests for reasonable accommodation, or any complaints alleging violation of this nondiscrimination policy should be directed to the nondiscrimination coordinator, 1.800.877.2432, CHFA 1981 Blake street, Denver co 80202, available weekdays 8:00 a.m. to 5:00 p.m.

 

 

 

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