Full-time/Part-time Contractor Due Diligence Analyst

PHOENIX
Remote
Contract

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Job type

  • Contract

Location

Remote

Full job description

Company Overview:

PHOENIX (www.phoenixtma.com) provides trading, analytics, and operation support services to the mortgage banking industry. With over 25 years in the industry, our business lines have grown through exemplary service to our clients and deep expertise across all industry facets. PHOENIX is adding innovative technology products that help our clients better understand their mortgage assets and allow them to make optimal decisions to improve their execution in the complex mortgage environment.

Essential Duties & Responsibilities:

  • Review loan files for completeness and accuracy to formulate a complete assessment, while applying all client and lender guidelines, in addition to Federal and State regulations.
  • Forming intelligent decisions to identify deficiencies through a detailed, TRID-focused review of all applicable documentation including required initial disclosures, Loan Estimates, Closing Disclosures, and Changed Circumstances for timing and tolerance variances.
  • Review of credit documents, including, but not limited to loan application, lender approval, credit and income documents, title report, appraisal, and all applicable compliance documents.
  • Evaluation of debt ratio, loan-to-value ratios, credit score, property valuation, and various other factors.
  • Analyzation of collateral documents.
  • Accurately input data into the company’s proprietary diligence software system.
  • Review and address compliance exceptions and failures identified from third party compliance systems, such as ComplianceEase and Mavent and determine validity of results by comparing analyst input versus documentation error.
  • Achieving productivity standards while efficiently managing time to meet strict deadlines.

Qualifications, Knowledge, and Skills:

  • Resume MUST CLEARLY REFLECT at least 5 years of recent TRID regulatory compliance experience & proficiency.
  • Ability to review and capture data from initial and revised disclosures for timing and tolerance variances.
  • Proficiency in complex income analysis.
  • Familiarity with best practices for post-close quality control on newly and seasoned originated mortgages.
  • Strong familiarity and understanding of non-QM and guideline reviews that vary substantially by client.
  • Determining and documenting loan conditions and communicating requirements and/or decisions.
  • Proficiency of FNMA/FHLMC guidelines, QM/ATR.
  • Excellent working knowledge of guidelines and policies for VA, FHA, and USDA programs including upfront MI and monthly premiums in relation to post-close compliance reviews.
  • Detail-oriented while maintaining production goals and strict deadlines.
  • Superior verbal and written communication skills.
  • Experience a plus: Ability to analyze servicing/collection comments and identify risk and possible exit recommendations. Identify the root cause of default resulting from the client's underlying business practices, underwriting, and/or fraud exposure.
  • Familiar with LauraMac, Scienna or similar Third Part Review platforms.

Education & Experience:

  • 7+ years of experience in the residential mortgage industry with a minimum of 5 years direct experience reviewing post-close loans in the secondary market and/or front-line underwriting.

Physical Requirements:

  • Prolonged periods of sitting at a desk, working on a computer, and being available and responsive via email/phone/messaging.
  • Must be able to lift up to 15 pounds at times.
  • (If applicable to role) Travel to meet with clients or potential clients and/or to represent the company at conferences will be required on occasion or as needed.

Remote Working Requirements:

  • Internet connection
  • Desktop/Laptop, Monitors, Keyboard & Mouse – Compatible with virtual machine requirements
  • Mobile device and service
  • Secure and private workspace

Job Type: Contract

Experience:

  • TRID: 5 years (Required)
  • Due Diligence: 7 years (Preferred)

Work Location: Remote

Job Type: Contract

Experience:

  • TRID: 5 years (Required)
  • Due Diligence: 7 years (Required)

Work Location: Remote

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