Due Diligence Loan Analyst

Consolidated Analytics, Inc.; Santa Ana (CA); On-site; USD 70,000 - 90,000; Full time

Benefits offered by this job

Medical Insurance

Dental Insurance

Vision Insurance

Life & Disability Insurances

Job summary

Consolidated Analytics is looking for a Due Diligence Loan Analyst to assess residential mortgage loans for adherence to investor criteria. You will review loan packages for completeness and assess credit decisioning processes, fraud risks, and property valuations.

A strong background in computer programs and preferred qualifications include a Bachelor’s degree in business or a related field. Benefits include medical, dental, and vision insurance.

Qualifications

• Strong background with computer programs used to manufacture or review mortgage loans.
• Ability to understand and apply underwriting guidelines and asset validation.

Responsibilities

• Ensure loan packages contain necessary documentation for assessment.
• Assess credit decisioning process to approve loans.
• Review credit packages to identify potential fraud risks.
• Assess property appraisals for accuracy and conformity.
• Evaluate legal documents for proper execution and enforceability.
• Gather regulatory compliance data for review.
• Assess servicing history of loans to ensure consistency with requirements.
• Determine loan quality grades based on client specifications.

Skills

Computer Skills

Written Communication

Time Management

Problem Solving

Education

Bachelor’s degree in business, economics, statistics, or related field

Tools

Microsoft Office

Job description

The Due Diligence Loan Analyst will be responsible for assessing residential mortgage loans for adherence to investor criteria, including but not limited to those criteria stipulated by the nationally recognized statistical rating organizations for third party review of residential mortgage loans. This assessment will encompass aspects of data quality, credit decisioning, regulatory compliance, fraud screening, property valuations, and servicing history.

Responsibilities

• Loan File Inventory: Ensuring residential mortgage loan packages contain all necessary documentation required to formulate a complete assessment.
• Credit Review: Assess all elements of the credit decisioning process undertaken to approve the loan, including underwriting guidelines, income calculation, and validation of assets.
• Fraud Review: Review the credit package and related background search on mortgage loan borrowers to identify potential fraud risks.
• Property Valuation Review: Review appraisals and alternative value products for conformity to client specified requirements to assess the accuracy of the property valuation.
• Legal Doc Review: Assess all legal documents included in residential mortgage loan files to ensure proper execution, enforceability, and sufficiency for title perfection.
• Regulatory Compliance Review: Gather regulatory compliance data elements from the loan file for capture in the due diligence review system.
• Servicing History Review: Review the servicing history of residential mortgage loans by assessing payment histories and servicing commentary in a manner consistent with client requirements.
• Credit Risk Grading: Leveraging the utility of the due diligence review system, assess loan quality grades based on client specifications and standards set forth within applicable credit rating agency grading criteria.

Qualifications

• Computer Skills: Strong background with the use of computer programs used to manufacture or review mortgage loans, and standard knowledge of the Microsoft Office product suite.

Desirable Attributes

• Strong written communication skills.
• Bachelor’s degree (BA/BS) preferred in business, economics, statistics, or related field of study.
• Soft skills: Time management, thoughtfulness, reason and problem solving, and professional communication.

Benefits

• Medical Insurance
• Dental Insurance
• Vision Insurance
• Life & Disability Insurances