Condo Approval Manager
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About the role
Overview Position : Mortgage Condominium Project Manager Location: Remote - (If living within 31 miles of Santa Ana, CA or Austin, TX will need to be able to work 4 days on-site). Must be able to work 3 days/week PST hours. Compensation: starting at 100K D.O.E. + full time benefits including 401K, paid holidays and paid vacation Position Summary: The Condo Approval Manager will be responsible for managing the review, decision of review and submission of Condominium Projects for all investors the Project Team is responsible to underwrite for. Responsibilities Create and established corporate policies and procedures, job aids; to ensure that Agency and Investor requirements are met for mortgages sold and delivered secured by units within Condominium Projects for Fannie Mae, Freddie Mac, FHA, VA and various Jumbo Loan and NON-QM investors. Projects for Fannie Mae -Freddie Mac. Compliance support, review all ground leases, (even if not a condo) within the department as well as any affordable housing and other resale deed restrictions, and private transfer fees when OPS needs assistance. Carry a pipeline when required; Analyze and approve condominium projects for all agencies and investors as overflow. Manage Condo Approval Team Analysts, create training modules for all products for different investors, including new hire training on internal databases, workflow and process. Audit monthly 10% of reviews completed by Analysts. Daily track of service level agreements, close of escrows (COE) and priority dates are being met and able to hold those accountable for their responsibilities. Job Competencies: Demonstrate advanced product knowledge of FHA including Sua and Delrap, Conventional, Non-QM and other loan programs such as Home Equity Lines of Credit, 2nd Mortgages, down payment assistance and bond programs. Ability to maintain a high level of professionalism, customer service, and communication with all parties involved in the loan cycle. Proficient with Encompass Understanding all compliance regulations and investor guidelines. Core Competencies: To perform the job successfully, an individual should demonstrate the following competencies: Problem Solving - Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Develops alternative solutions; Works well in group problem solving situations; Uses reason even when dealing with emotional topics. Interpersonal - Maintains confidentiality; Keeps emotions under control. Oral Communication - Speaks clearly and persuasively in positive or negative situations; Listens and gets clarification; Responds well to questions; Participates in meetings. Teamwork - Balances team and individual responsibilities; Exhibits objectivity and openness to others' views; Gives and welcomes feedback; Contributes to building a positive team spirit; Puts success of team above own interests; Able to build morale and group commitments to goals and objectives; Supports everyone's efforts to succeed; Recognizes accomplishments of other team members. Written Communication - Writes clearly and informatively; Edits work for spelling and grammar; Presents numerical data effectively; Able to read and interpret written information. Quality Management - Looks for ways to improve and promote quality; Demonstrates accuracy and thoroughness. Business Acumen - Understands business implications of decisions; Displays orientation to profitability; Aligns work with strategic goals. Diversity - Shows respect and sensitivity for cultural differences; promotes a harassment-free environment. Ethics - Treats people with respect; Keeps commitments; inspires the trust of others; Works with integrity and ethically; Upholds organizational values. Organizational Support - Follows policies and procedures; Completes administrative tasks correctly and on time; supports organization's goals and values. Strategic Thinking - Develops strategies to achieve organizational goals; Understands organization's strengths & weaknesses; Adapts strategy to changing conditions. Adaptability - Adapts to changes in the work environment; Manages competing demands; Changes approach or method to best fit the situation; Able to deal with frequent change, delays, or unexpected events. Attendance/Punctuality - Is consistently at work and on time; Ensures work responsibilities are covered when absent; Arrives at meetings and appointments on time. Dependability - Follows instructions, responds to management direction; Takes responsibility for own actions; Keeps commitments; Commits to long hours of work when necessary to reach goals; Completes tasks on time or notifies appropriate person with an alternate plan. Initiative - Asks for and offers help when needed. Judgment - Displays willingness to make decisions; Exhibits sound and accurate judgment; Supports and explains reasoning for decisions; Includes appropriate people in decision-making process; Makes timely decisions. Planning/Organizing - Priori
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