What are the responsibilities and job description for the Construction Analyst, FHA position at Merchants Capital Corporation?
Description
The Construction Analyst, FHA will assist the Construction Loan Analysts (“CLA”) in the day-to-day administrative tasks of a portfolio of loans. This position will provide loan administration support for the CLA to ensure compliance and regulatory requirements are met and overall portfolio performance. This position will also be responsible for a portfolio of repairs.
Requirements
- Assist CLA with data verification for loan onboarding within 10 business days of loan closing.
- Collect original documents for custodial package, create custodial package, scan into loan file if applicable, and submit to document custodian.
- Input and maintain data using various mortgage software.
- Create manual billings and check for accuracy against system of record.
- Manage audit confirmations and audit information retrieval.
- Manage UCCs - follow up on collection of recorded UCCs.
- Monitor and update commitment log, assign EIN, pool numbers, and retrieve CUSIP numbers for new pools.
- Review/process and disburse repair requests.
- Process interim GNMA pools for FHA/RHS construction draws. Submit to Doc Custodian for certification.
- Assist FE Specialist with administrative duties including completion of FE forms, scheduling calls with FE Specialist and clients, reviewing commitments for special conditions and ensuring FE Specialist/CLAs are aware. Assist in retrieving information for final endorsements, including any special condition items.
Expected Experience, Skills and Education:
- Two years’ role-related experience preferred such as loan administration and/or property management.
- Basic understanding of loan portfolio management desired.
- Must demonstrate the ability to identify, interpret and apply applicable guidelines in managing assigned processes.
- Must possess strong organization and communication skills with a focus on accuracy and attention to detail.
- Requires proficiency in using basic computer software such as Microsoft Office, specifically regarding Outlook, Word and Excel.
- Must demonstrate the ability to successfully manage the demands of multiple deadlines while working as a team player with consideration for customers, co-workers and vendors.
- Bachelor’s degree from an accredited institution preferred; high school diploma or GED from an accredited institution required.
ABOUT MERCHANTS CAPITAL
With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multifamily housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA, in addition to our bank’s balance sheet products, allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways. Recognized as a top five affordable lender, Merchants Capital pairs our comprehensive debt offerings with in-house tax credit equity to provide a one-stop-shop for developers and owners. To learn more about Merchants Capital, visit www.merchantscapital.com.
